Chenghe Acquisition I Co. (NASDAQ: LATG), a special purpose acquisition company, has reported significant changes in its executive leadership. On June 21, 2024, Zhiyang Zhou stepped down as the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) due to personal reasons. Subsequently, the company's board of directors appointed Yixuan Yuan as the new CEO and Zhaohai Wang as the new CFO, effective June 24, 2024. Additionally, Zhiyang Zhou has transitioned to the role of President of the company.
Yixuan Yuan, 31, brings a wealth of experience from the capital markets, having worked on approximately fifty transactions across various sectors including TMT, healthcare, consumer, industrial, and real estate. She joined Chenghe Group Ltd. as a Managing Director in February 2024. Her prior experience includes roles at Credit Suisse (SIX:CSGN), where she advanced from an Analyst to Vice President, and at BNP Paribas (OTC:BNPQY) as an Analyst. Yuan holds a Bachelor of Business Administration from the Hong Kong University of Science and Technology and a Master of Corporate and Financial Law from The University of Hong Kong.
Zhaohai Wang, 25, has a background in finance and investment, with past positions including an associate at Chenghe Capital Management Limited and a Client Manager at China Merchants Bank's Retail Finance Department. Wang earned a Bachelor of Engineering degree from Northwestern (NASDAQ:NWE) Polytechnical University in China and a Master's degree in Finance from The University of Hong Kong.
The company has confirmed that neither Yuan nor Wang has any familial relationships with any current directors or executive officers of the company, nor are they involved in any material plans, contracts, or arrangements with Chenghe Acquisition I Co. Furthermore, there are no transactions involving Yuan or Wang that are reportable under SEC regulations.
The announcement of these executive changes was made in a filing with the Securities and Exchange Commission on Thursday, June 27, 2024. The information in this article is based on a press release statement.
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