Rishengsheng Group launches succession plan, Lin Huajun takes over as chairman of Riding Water

Riding Water, a subsidiary of Rishengsheng (provided by Rishengsheng)

[Reporter Chen Yongji/Taipei Report] Rishengsheng Group (2547) officially launched the group's succession plan. The group's Riding Water Company completed the reelection of chairman today (1), and Lin Huajun, who has been a director for many years, took over as chairman. Rishengsheng said that this personnel arrangement symbolizes that Rishengsheng Group has gradually moved from the first generation of entrepreneurship and management to a new stage of second generation responsibility and professional managers co-governance.

Nishengsheng pointed out that Lin Huajun, the second generation of the group, has experience in business construction and resource recycling. He was promoted to Vice Chairman of Nisshengsheng in 2021 and gradually assumed the group's operation and strategic tasks; the other second-generation members Lin Yijun and Wu Ren'en have also invested in Kyota Station Department Store, Kagaya Hotel and related operations for many years respectively.

In addition, Rishengsheng general manager Liu Yaokai and other professional managers also continue to participate in the group's operations. Rishengsheng said that this can complement family members through systems, talents and professional capabilities. The group has clarified the division of powers and responsibilities, decision-making levels and coordination mechanisms of each business, formulated work projects, responsible personnel and completion timetables for each stage of succession, and gradually established a verifiable and traceable succession structure.

Rishengsheng started from land development, construction projects and urban renewal in the early stage. In the next stage, it will further develop water resources recycling, recycled water, green transformation, AI and digital governance, urban renewal, TOD development, as well as senior housing and health care industries.

Rishengsheng said that the family members will bear the long-term value and operational responsibility of the company from generation to generation. In the fields of construction, water resources, department stores, hotels and new businesses, it will be operated and managed by subsidiary general managers and professional teams. Through institutionalized governance and talent cultivation, Rishengsheng's business territory will move towards sustainable development.