This is a positive move from the company prospective, the new director/chairman also holds shares in the company on top of his company shareholding, he will know the inside out of this company now. Watch his moves!
Now the main thing is the company financial reports which is expected (better be) to be exceptionally good given all the glory economic news out of China. Have to wait for next week (waiting again... full of suspension). Otherwise this company is to be taken to pig farm to help Donald Trump’s tariff.