Guangi Honda’s Chen Miao promoted as deputy managing director of Guangqi Hino, responsible for sales business
Guangqi Honda announced recently that Chen Miao, the company’s former director of executive office, had been transferred to GAC’s subordinate joint venture Guangqi Hino as deputy managing director, responsible for sales business. Du Zhijian will succeed him as Guangqi Honda’s director of executive office.
Guangqi Hino is an equal-equity joint venture between GAC and Hino Motors. It was founded in November 2007, with a registered capital of 1.5 billion yuan. It has production bases in Guangzhou and Shenyang.

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This sounds more like a demotion to me?
+1 but I guess it would depend what the director of executive office does.