Chengdu Hongqi Chain's (SHE:002697) chairman, Cao Shiru, resigned, according to a Shenzhen Stock Exchange disclosure on Tuesday.
The Chinese convenience store chain operator's board of directors elected Yuan Jiguo as the new chairman.
Cao will continue to serve the company as its general manager.
Chen Huijun, the company's chief financial officer and deputy general manager, also resigned but will continue to serve in the company. Li Huan will take over as CFO. the disclosure added.
The company's shares jumped nearly 5% in recent trade.
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