Fu Hao resigns as Sincap Group executive chairman
He also stepped down from being executive director as part of the Group's long-term succession plan.
Sincap Group announced the resignation of Fu Hao as executive chairman and executive director.
Mr Fu, 50, was responsible in devising the group's business direction and overseeing all projects' development activities and related business.
He was appointed to the post 10 March 2010, according to a Sincap Group report.