Fan Dengchao resigns as Sinostar PEC Holdings CEO and executive director
He wanted to pursue his personal interest.
Sinostar PEC Holdings announced the resigntion of Fan Dengchao as chief executive officer and executive director.
Mr Fan, 49, was responsible for the strategic development of the group as well as overseeing the daily operations and management function of its subsidiary, Dongming Hengchang, according to a Sinostar PEC Holdings report.
He was appointed to the post on 6 July 2006.