The Hubei Chu Merchants Federation and the Hubei Chu Merchants Association merged to form the new Chu Merchants Federation. Chen Dongsheng was elected as president, Lei Jun, Liu Baolin and Zhai Zhi were elected executive presidents, Mao Zhenhua was elected as chairman of the board of supervisors, Wang Xuehai and other 28 were elected vice presidents, and Cheng Aifen was the current executive secretary.