Shanghai Feilo Acoustics' (SHA:600651) chairman, Li Xin, resigned due to work reasons, effective Saturday, according to a Monday disclosure on the Shanghai Stock Exchange.
Zhang Jianda also resigned from the company as a director.
The Chinese lighting equipment manufacturer's largest shareholder, Shanghai Yidian Electronics (Group), nominated Zhang Lihong and Zhang Cheng as candidates for the company's board of directors.
Shares of the company rose more than 2% at the close of trading.
Price (RMB): ¥3.26, Change: ¥+0.070, Percent Change: +2.19%
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