The downturn led to a subsequent decrease in net profit, cutting it in half to $17.8 million. In April 2012, Huang Zelan handed over the CEO position to his son, Huang Shichun. As for Zelan’s wife, Lai Xiangying, she serves as director of the listed company and CFO of its parent company, Chongyi Zhangyuan Investment Holding. Also, she owns 6% of the parent company, whereas the remaining 94% belong to Zelan.