The Nevada-incorporated company handed its leading posts to figures drawn largely from China’s travel-photography sector while broadening its slate of independent directors.

June 12, 2026

LVPAI Group Limited has carried out a near-complete turnover of its senior leadership, swapping out its chief executive, chief financial officer and board chairman while seating four new independent directors, according to a current report submitted to the Securities and Exchange Commission.

The Nevada-incorporated company, which maintains its principal offices in Reno, said the changes took effect on June 9, 2026, with the report dated June 11.

A Near-Total Turnover at the Top

Chen Yuanhang stepped down as chief executive but will keep a seat on the board of directors. Wei Zurui exited more completely, leaving both the chief financial officer role and the board. The board moved the same day to fill the vacancies:

• Zhao Ling — appointed chief executive officer and director
• Yang Fuzhu — appointed chairman of the board and director
• Zhang Wenmin — appointed chief financial officer
• Zhu Chen, Liang Wu, Chen Wenqing and Ge Sihua — appointed independent directors

The company stated that none of the incoming officers or directors were placed in their roles as a result of any arrangement or understanding with other parties.

New Leaders Rooted in Travel Photography

The incoming team is heavily weighted toward the travel and photography businesses tied to the company’s name. Incoming chief financial officer Zhang Wenmin, 43, holds a business administration degree from Tianjin University and has roughly a decade in travel-related photography. She has led Jiangsu Lvpai Technology Group and built a one-stop platform branded Global Travel Photography, which bundles tourism, photography, lodging, scenic destinations and regional specialty goods. The company also noted her work as an angel investor across several startups spanning media, cultural tourism and camera technology.

New chairman Yang Fuzhu, 52, brings about two decades in photography. After opening a custom photography studio in 1999, he founded and chaired several enterprises, including a Wuxi network-consulting firm, a Shanghai culture communication company that operated the destination-wedding platform lvpai.com, and, since 2020, Jiangsu Travel Photography Technology Group, where he oversees management and strategy.

Chief executive Zhao Ling, 48, has experience in operations, coordination, data management and project execution. She ran a hotel from 2002 to 2022 and, since 2025, has served as chief executive of Wuxi Zhengqian Technology.

The Independent Directors

• Zhu Chen, 37 — background in enterprise planning, operations and capital markets, with recent general-manager roles in Shenzhen, including an artificial intelligence technology firm he joined in late 2025.
• Liang Wu, 43 — years in the catering trade before becoming chairman of Wuxi Zhengqian Technology in 2025.
• Chen Wenqing, 52 — nearly three decades in marketing, planning and training; became chief executive of Wuxi Zhengqian Technology in March 2026.
• Ge Sihua, 42 — experience in marketing coordination, event planning and data analysis; has led the marketing department of a Changzhou automotive electronics firm since 2013.

Overlapping Ties and Open Questions

The recurring presence of Wuxi Zhengqian Technology across several of the new appointees’ resumes points to overlapping professional ties among the incoming group, though the report did not explain any connection between that company and LVPAI.

LVPAI is not listed on a national exchange and reported no securities registered under the relevant sections of the Securities Exchange Act.

The wholesale nature of the changeover — touching the top three executive seats and adding a full bench of independent directors in a single day — signals a significant repositioning of the small-cap company’s governance and strategic direction.