Majestic Dragon appoints Dr. Wang Ruiyun as Chairman and Executive Director; Dr. Wu Xiaowen joins board, Wang Jian resigns

Bulletin Express

Aug 18

Majestic Dragon Aerotech Holdings Limited (Stock Code: 00918) has reshaped its leadership, announcing several board changes effective 18 August 2026.

Dr. Wang Ruiyun, 61, becomes Executive Director and Chairman. A seasoned cross-border financier, Dr. Wang also serves as chief strategic officer and holds a 50% beneficial interest in SBI China Fund LP, which owns 300.00 million shares, or 26.93% of Majestic Dragon’s issued share capital. His three-year service contract provides an annual director’s fee and management remuneration of HK$0.12 million.

Dr. Wu Xiaowen, 58, joins as Executive Director and chief technology officer under a three-year term, likewise receiving HK$0.12 million per annum. Dr. Wu brings more than 30 years’ experience in satellite and wireless communications, having held senior posts at ZTE, UTStarcom, Nokia Siemens Networks and Synertone Group.

Concurrently, former Chairman Mr. Zhang Jinbing relinquishes the chairmanship but remains an Executive Director. Executive Director Mr. Wang Jian has resigned to pursue other career opportunities.

The board expressed gratitude to Mr. Zhang for his leadership and to Mr. Wang Jian for his service, while extending a formal welcome to the new appointees.

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