Central China New Life (09982) said Hu Baosen has resigned as chairman and non-executive director, effective yesterday, according to ETNet.
The group said there is no immediate replacement, so it is currently unable to meet the requirements of Listing Rule 3.27A. Before a new chairman is appointed, executive director Wang Kai will chair board meetings. Hu has confirmed he has no disagreement with the board and that there are no other matters related to his resignation that need shareholders' or the Hong Kong Stock Exchange's attention.