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China's ANTA appoints CFO

ANTA Sports Products Ltd. Executive Director and COO Shixian Lai has been appointed CFO, the Chinese sportswear maker said June 1.

Lai will succeed Lam Jim, who resigned in December 2017.

Meanwhile, ANTA also appointed Kin Wah Yiu to be an independent nonexecutive director for a three-year term. Yiu is an independent nonexecutive director of Hong Kong Exchanges & Clearing Ltd. and of China Mobile Ltd.

Yiu's appointment came after Chi Tat Yeung resigned as an independent nonexecutive director, effective June 1. Yeung will remain in the company as a vice president and will be responsible for overall risk management and internal control affairs, according to the release.