1st October 2026 – (Beijing) Yusys Technologies Co., Ltd announced that its de facto controller, chairman and general manager, Hong Weidong, died on 29th September at the age of 60, and that the board has appointed his spouse and company co‑founder, Wu Hong, as chair and general manager with immediate effect until the end of the current board’s term. The company said it would expedite industrial and commercial registration for changes to the legal representative and general manager, and its official website turned greyscale in mourning.
The board resolution passed on 30th September elected director and deputy general manager Wu Hong as chair of the fourth board and confirmed her concurrent role as general manager. Yusys noted that Wu, a co‑founder, does not directly or indirectly hold shares in the company. Public information records Hong’s birth in September 1966, graduation in 1990 from Tsinghua University’s Department of Automation with an engineering degree, completion of an EMBA at Tsinghua’s School of Economics and Management in January 2005, and subsequent study in 2019 at the GFD programme of Tsinghua PBC School of Finance. His career included senior roles at multinational and financial IT firms from 1994 to 1999, the founding in June 1999 of Beijing Yuxin Hongtai Technology Development Co., Ltd — the predecessor of Yusys Technologies — where he served as chief executive, and his leadership from October 2006 as chairman and chief executive of Yusys.
In August this year Hong led a senior team to Vietnam for high‑level talks with T&T Group founder and executive chairman Do Quang Hien, where both sides discussed fintech cooperation, routes to implement key projects and long‑term ecosystem building. A memorandum of understanding was signed to explore collaboration in Vietnam and broader South‑East Asian markets across fintech, digital transformation and financial services.
Founded in 1999, Yusys Technologies provides fintech solutions covering software development, systems integration and innovative operations services for financial institutions, with offerings spanning internet banking, credit management and business intelligence. On 25th August the company reported first‑half 2026 revenue of RMB 1.291 billion, down 8.75 per cent year on year, and net profit attributable to shareholders of RMB 309 million, up 40.34 per cent. According to the Hurun Rich List published in October 2025, Hong’s wealth was estimated at RMB 5.4 billion, ranking 1,336th.
