H S Prannoy's campaign ended after he lost to Japan's Kodai Naraoka 9-21, 14-21 in the men's singles quarterfinal.
Prannoy, seeded eighth, will now take on third-seeded Japanese Kodai Naraoka.
Young Indian Priyanshu Rajawat also exited the season's last BWF Super 750 event.
The Asian Games bronze medallist Indian, who returned to action after recovering from a back injury, squandered an opening game advantage to lose narrowly to world No. 12 Chen.
Prannoy alleged that the officials of the state sports department or the KBSA did not even bother to send him a congratulatory message when he won a medal at the BWF World Championships 2023 held in Copenhagen, Denmark, in August.
Satwik and Chirag became the first Indian pair to enter the Asian Games gold medal match.
India meet Japan in the men's hockey final.
Prannoy will face home favourite China's Li Shi Feng for a spot in the final.
HS Prannoy and PV Sindhu will play their quarterfinals today.
However, it was curtains for Srikanth as he went down against Japan's Kodai Naraoka, a World Championships silver medallist, 16-21, 17-21 in pre quarterfinals.