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Dragon Victory International director resigns; replacement named

Dragon Victory International Ltd. said Cloris Li tendered her resignation as an independent director on the Chinese company's board due to personal reasons.

The company elected Bin Liu to fill in the vacant role, according to a Sept. 5 Form 6-K filing. Liu has been a deputy manager of private equity fund Beijing Houyi Capital Management Co. Ltd. since July.

The changes are effective Sept. 30.

Dragon Victory provides reward-based crowdfunding in China.