Economic Observer Online
April 26, 2012
By Peng You (彭友 )
Translated By Zhu Na
Original article: [Chinese]

China Everbright International Ltd., one of the Hong Kong-listed subsidaries of the state-owned China Everbright Group, announced yesterday evening that Mr. Li Xueming has resigned as vice-chairman and an executive director of the Company and as a member of the executive committee of the board.

According to the statement released by the company, the resignation took effect on April 25.

The company said that Mr. Li had informed the board that he had decided to resign in the interests of the company and its shareholders in order to minimize the possible negative impact on the company caused by recent media reports about his family background.

China Everbright International also emphasized recent media reports about Li's family background had nothing to do with the company's daily business and operations, and will not affect the daily business operations of the company and its subsidiaries in the future.

The statement said that the daily business activities and operations of the company are and will continue to be responsibility of the management committee, and Mr. Li was not a member of the management committee during his tenure.

Decision-making on the company's major projects and investment activities have been made by the board as a whole.

Links and Sources
Hong Kong Stock Exchange: China Everbright International Limited - Resignation of Director