On September 2, 2026, Chaji (Shanghai) Business Management Co., Ltd., the operating entity of Bawang Tea House, completed its industrial and commercial changes. Founder Zhang Junjie officially stepped down from his positions as legal representative, chairman, and manager, with senior executive Yin Dengfeng taking over these roles. The company was also renamed Chaji Enterprise Management (Group) Co., Ltd. This adjustment is a normal industrial and commercial registration change and does not involve any changes in business or structure. Zhang Junjie continued to serve as the chairman and global CEO of Chaji Holdings Limited, the Cayman Islands-listed entity. Yin Dengfeng previously served as global COO and CEO of China, leading operational upgrades including the “Taste Enforcement” initiative. As of the first half of 2026, Bawang Tea House had a total of 7,639 stores worldwide, with 399 of them located overseas.
On September 2, 2026, Chajiji (Shanghai) Commercial Management Co., Ltd., the operating entity of Bawang Tea House, completed industrial and commercial changes. Founder Zhang Junjie resigned from his positions as legal representative, chairman, and manager, and was replaced by senior executive Yin Dengfeng. The company was also renamed Chajiji Enterprise Management (Group) Co., Ltd. This adjustment is a normal industrial and commercial registration change and does not involve any changes in business or structure. Zhang Junjie still serves as the chairman and global CEO of Chajiji Holdings Limited, the Cayman Islands-listed entity. Yin Dengfeng previously served as global COO and China CEO, leading operational upgrades such as the “Strict Tea Control” initiative. As of the first half of 2026, Bawang Tea House had 7,639 stores worldwide, with 399 overseas stores.