Zhang Wei quits as Weiye Holdings CEO
Yet he remains as the company's executive chairman.
Weiye Holdings announced the resignation of Zhang Wei as chief executive officer.
Mr Zhang, 44, was responsible for setting business strategies and management of the Group which involves high-level decisions about policy and strategy and motivates employees, and drives change within the organization, according to a Weiye Holdings report.
He was appointed to the post 1 March 2013.