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Yu Donglai complained about the high ticket prices: he announced on-site that each person would receive a refund of 3,000 yuan. Pang Donglai's wisdom lies in his willingness to sacrifice profits.
Fast Technology, March 25 — Founder Yu Donglai of Pang Donglai appeared at the 2026 Supermarket Chain CEO Summit. During his speech, he mentioned that ticket prices are a bit high and announced on the spot: “One person refunds 3,000 yuan; if not refunded, I feel uncomfortable.”
It is understood that the 2026 Supermarket CEO Summit held that day charged members 6,980 yuan per person and non-members 8,980 yuan per person.
At the summit, Yu Donglai repeatedly explained Pang Donglai’s philosophy: “The ultimate operation of a company depends on people. Pang Donglai’s wisdom lies in being willing to sacrifice profits.” “In the future, Pang Donglai hopes every employee can work with dignity.”
On the afternoon of February 11, Pang Donglai founder Yu Donglai posted on his personal social media account, officially announcing his retirement.
Yu Donglai stated that he is over 60 years old and, to promote a more scientific and advanced development model for the company and to let young people take on responsibilities, he will officially retire after the Spring Festival, transitioning to an advisory role. The daily operations of Pang Donglai will be fully managed by the decision-making committee.
Recently, regarding the profit distribution plan for assets worth 4 billion yuan, Pang Donglai founder Yu Donglai responded again with a long post on social media: “This is the real situation, stop guessing!”
Yu Donglai explained that this is everyone’s money; I only hold 5%. It’s just that we haven’t distributed profits for a few years, and now we’ve clarified this money.