Sheng Yuan Holdings Ltd made changes to its board and executive team, including the appointment of a new CEO.
The company named Qiu Bin CEO after Wu Siu Lam resigned as executive director and CEO due to personal reasons.
Qiu was previously COO of the company.
Wu Fong resigned as independent nonexecutive director. Fung Tze Wa will take over as independent nonexecutive director. Fung is a certified public accountant and a director of an accounting firm in Hong Kong.
The changes took effect May 28.
