Shen Yamin resigned as staff representative supervisor and chairman of Zuoli Kechuang Micro-finance Co. Ltd.'s board of supervisors, effective May 15.

The company said May 16 that Shen has been redesignated to work for subsidiary Deqing Jinhui Micro-finance Co. Ltd. The move came after Zuoli Kechuang Micro-finance completed the transfer of its microfinance business to the subsidiary.

Zuoli Kechuang Micro-finance said it appointed supervisor Dai Shengqing chairman of its board of supervisors. Further, it appointed Yang Zhenlan as staff representative supervisor.