Preparing for IPO, Honor Reshuffles Board of Directors

Saturday, 25 November 2023 | 18:48 WIB

Herman / HE

Jakarta, Beritasatu.com – The smartphone manufacturing company from China, Honor, is preparing to do so initial public offering (IPO) or go public. In preparation for this move, the company has made strategic adjustments to its board of directors.

Wu Hui, an experienced executive with an extensive track record in government and business, has been named Honor’s new leader.

Reporting from GizmochinaSaturday (25/11/2023), Wu Hui has an impressive background, including experience as deputy director of the Hubei Provincial Party Committee office, deputy party secretary of the Xianning Municipal Committee, and deputy mayor of the Xianning Municipal Government.

Meanwhile, Wan Biao, a Huawei veteran, has moved from his role as chairman to vice chairman. Wan Biao brings a wealth of experience from previous roles at Huawei, such as president of Huawei’s wireless product line, president of Huawei’s Russia regional department, and chief operating officer of Huawei Consumer Business.

Honor began to be separated from Huawei in 2020. This effort was made to protect Huawei and allow it to continue operating after receiving sanctions from the United States (US).

Honor has shown excellent performance in the Chinese market, leading in the third quarter of 2023 with shipments of 11.8 million units and holding a market share of 18%. This impressive achievement shows Honor’s potential to continue its growth.