Financial Wire

Beijing Sports and Entertainment Industry's Chair, CEO Steps Down; New Chair Named

-- Beijing Sports and Entertainment Industry Group (HKG:1803) said Liu Xue Heng resigned as its chairman and CEO effective Friday due to personal health reasons, according to a same-day Hong Kong bourse filing.

Liu has also been redesignated from an executive director to a non-executive director of the sports and entertainment company.

The company, on the same day, named non-executive Director Hu Yebi as its new chairman.

The firm is currently in the process of identifying a suitable candidate for the role of CEO.

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