Elife's Chairman, Vice-Chairmen Removed From Office Amid Board Overhaul

MT Newswires Live

03/13

Elife Holdings' (HKG:0223) recently elected chairman Qiu Bin was removed from his position from the board after just one week, according to a Thursday filing with the Hong Kong bourse.

The company also disclosed the removal of Co-Vice Chairmen Lee Tsung Ta and Chen Xiaodong and numerous former directors, as well as the placement of co-CEOs on administrative leave. The vice chairmen were elected on March 5.

The board shakeup follows an extraordinary general meeting held on Tuesday.

Price (HKD): $0.11, Change: $-0.0020, Percent Change: -1.80%

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