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Sino-Ocean executive director retires

Sino-Ocean Group Holding Ltd. said Wang Yeyi retired as executive director and member of the investment committee, effective at the conclusion of the company's May 18 annual general meeting.

Wang did not offer himself for re-election to devote more time on his other business commitments.

In the same meeting, the company named Fu Fei to its board as a nonexecutive director, with effect from May 19.

Fu also serves as chief officer of China Insurance Security Fund Co. Ltd.'s risk resolution and legal affairs department, director of China United Life Insurance Co. Ltd. and deputy head of the takeover working team at the company's substantial shareholder, Anbang Insurance Group Co. Ltd.