Beijing Business News (Reporter Yao Qian) May 26michellecrouchingtigerhiddendragonYunnan Baiyao issued an announcement stating that the company's board of directors recently received written resignation reports submitted by company directors Chen Fashu, Lu Hongdong and Chen Yanhui. Due to work adjustments, Chen Fashu applied to resign as a director of the company's 10th board of directors, chairman of the strategy committee of the board of directors, and a member of the remuneration and assessment committee. After resigning, Chen Fashu no longer holds any position in the company or its controlling subsidiaries.
Due to work adjustments, Lu Hongdong applied to resign as a director of the 10th Board of Directors and a member of the Strategy Committee of the Board of Directors; due to work adjustments, Chen Yanhui applied to resign as a director of the 10th Board of Directors and a member of the Nomination Committee of the Company. After resignation, Chen Yanhui no longer holds any position in the company and the company's holding subsidiaries.
Previously, according to a report by the Economic Observer Network, five former executives including Wang Minghui, the former chairman, were investigated for crimes including corruption. At the same time, Chen Fashu, director of Yunnan Baiyao, was also involved in the Yunnan Baiyao case and "lost contact" for a long time.