Chinese firm JunHe has elected a new managing partner as the firm’s longtime leader and cofounder Xiao Wei set to step down.

Beijing partner Warren Hua will succeed Xiao in January as JunHe’s next managing partner. Xiao will remain at the firm’s management committee alongside Hua and four other partners. They are: Beijing partners Samuel Zhao and Yu Yongqiang, Guangzhou partner Pete Zhang and Shanghai partner Wu Lei. Wu is a new member of the firm’s management committee.