Planet Green (NYSE: PLAG) appoints Wei Li CFO as Lili Hu resigns
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Planet Green Holdings Corp. reported that its Chief Financial Officer and director, Lili Hu, resigned effective immediately on May 28, 2026, citing personal reasons. The company stated her resignation did not involve any disagreement over operations, policies, or practices.
On the same date, the Board appointed Wei Li as the new Chief Financial Officer and as a director, effective immediately. Ms. Li, age 34, brings over 10 years of experience in financial management, accounting, and auditing, including prior CFO experience at a former subsidiary of Planet Green. Her compensation will follow existing practices for similar executives, with any material arrangements to be disclosed once finalized.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
New CFO age: 34 years
Experience of new CFO: Over 10 years
Audit manager tenure: September 2025 to May 2026
+2 more
5 metrics
New CFO age
34 years
Age of Wei Li at appointment as CFO and director
Experience of new CFO
Over 10 years
Wei Li’s experience in financial management, accounting and auditing
Audit manager tenure
September 2025 to May 2026
Wei Li’s role at Wuhan Pingdaochuan CPA
Former CFO role period
August 2019 to September 2025
Wei Li as CFO of Jiayi Technology (Xianning) Co., Ltd.
Finance degree completion
June 2015
Wei Li’s bachelor’s degree in finance from Hubei Technology College
Key Terms
emerging growth company, internal control, Item 5.02, Regulation S-K, +1 more
5 terms
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
internal control financial
"internal control review and due diligence projects"
Internal control is a company’s system of rules, checks and procedures designed to keep its operations honest and accurate—like locks, alarms and checklists that prevent mistakes and fraud. For investors, strong internal control means the company’s financial reports are more likely to be reliable, risks of costly errors or misconduct are reduced, and management is better able to protect assets and run the business efficiently.
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
Regulation S-K regulatory
"Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Chief Financial Officer financial
"appointed Ms. Wei Li as the Chief Financial Officer of the Company"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What executive change did Planet Green Holdings Corp. (PLAG) announce?
Planet Green Holdings reported that Chief Financial Officer and director Lili Hu resigned effective immediately for personal reasons. The Board simultaneously appointed Wei Li as the new CFO and director, ensuring continuity in the company’s finance leadership structure without a reported disagreement on business matters.
Why did Planet Green’s CFO Lili Hu resign, according to the company?
The company stated that CFO and director Lili Hu resigned for personal reasons, effective immediately on May 28, 2026. It emphasized that her resignation was not due to any disagreement with Planet Green regarding operations, policies, or practices, suggesting a non-conflict departure from her roles.
Who is Wei Li, the new CFO and director of Planet Green (PLAG)?
Wei Li, age 34, is Planet Green’s newly appointed Chief Financial Officer and director. She has over 10 years of experience in financial management, accounting, and auditing, including serving as CFO of Jiayi Technology (Xianning) Co., Ltd., a former subsidiary, and holding audit manager and finance manager roles.
What experience does Planet Green’s new CFO Wei Li bring to the role?
Wei Li brings more than a decade of experience in auditing, internal controls, financial reporting, cost control, tax planning, and financial analysis. Her background includes serving as CFO of a former Planet Green subsidiary and as an audit manager at Wuhan Pingdaochuan CPA, handling audits and due diligence projects.
How will Wei Li be compensated as Planet Green’s new CFO?
The company disclosed that Wei Li will receive compensation consistent with Planet Green’s practices for similarly situated executive officers. It also noted that any material compensatory arrangements related to her appointment will be disclosed once finalized, indicating future detail in subsequent company disclosures.