Polaia takes over the Huazhixiao Board of Directors.

Tianyancha shows that there have been multiple executive changes at Shenzhen Huazhixiao E-commerce Co., Ltd. Huazhixiao founder Yang Zifeng stepped down as chairman and continues to serve as manager and director; Perlier General Manager Hou Yameng took over as chairman. Huazhixiao co-founder Zhou Tiancheng has resigned from the board of directors, and Huazhixiao Chief Marketing Officer Fang Gongyiliu has stepped down as supervisor; Perlier financial chief Jin Chang has taken on these roles. This adjustment occurred after Perlier completed its acquisition of a controlling stake in Huazhixiao. In 2025, Perlier's wholly-owned subsidiary, Perlier Investment Co., Ltd., invested 428 million yuan to acquire a 38.45% stake in Huazhixiao. In May 2026, Perlier acquired an additional 351 million yuan to purchase 12.54% of the shares held by Yang Zifeng, increasing its total stake to 51%, thereby including Huazhixiao in Perlier's consolidated financial statements.