Wu Rongguang resigned as China Hongxing Sports' director
He stepped down as chairman of the Board, too.
Mr. Wu, 41, gave health reasons. As one of the founders of the Group in 2000, he oversaw the overall strategy and business direction of the Group. He was also responsible for the Group's public relations, product development as well as brand positioning and management.
He is son to Wu Hanjie and sibling to Dennis Wu.