Nature Wood Group Limited announced that Chairman Hok Pan SE, Senior Consultant Zhihua Liang, Chief Financial Officer Kam Pang Chim, and Chief Executive Officer Hubei Song all resigned effective 2025‑11‑03. The resignations were not linked to any disagreement with the company.
The board appointed Liying Wang as Director and Chief Executive Officer, Hong Wang as Director and Chief Financial Officer, and Zhilin Cai as Chief Strategy Officer. Wang brings approximately six years of experience in corporate management, creative design, and media operations. Wang’s background includes senior finance roles at several firms. Hong Wang has about seventeen years of experience in corporate finance and financial management, having served as CFO at multiple organizations. Cai has roughly thirteen years of experience in strategic planning and board leadership, with a history of enterprise management in industrial groups.
The leadership changes follow a significant shift in ownership that occurred on 2025‑10‑22, when TUTU Business Services Limited and affiliated parties acquired 86.82% of Nature Wood Group’s issued and outstanding ordinary shares, becoming the controlling shareholder.
Nature Wood Group is a vertically‑integrated forestry company with operations in forest management, wood processing, and distribution. In the first half of 2024, the company reported a 54% year‑over‑year decline in revenue to $25.46 million and an EBITDA of –$5.62 million. For the full 2024 year, revenue fell 15.39% to $21.54 million, and the company recorded a loss of –$8.73 million.
The new leadership team is expected to steer the company through its financial challenges and to align its strategy with the objectives of the new controlling shareholder. The appointments signal a potential shift in governance and strategic focus for Nature Wood Group.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.