500.com Limited Announces Change of Board Composition
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: PR Newswire
SHENZHEN, China, Aug. 1, 2018 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a leading online sports lottery service provider in China, today announced that effective August 1, 2018, Mr. Yonghong Zhang, a director and Chairman of the Board of Directors of 500.com (the "Board") and Vice President of Tsinghua Unigroup Co., Ltd. ("Tsinghua Unigroup"), has stepped down from the Board. Mr. Huixuan Wang has been appointed as a director and Chairman of the Board, effective August 1, 2018. Mr. Wang will join the Compensation Committee and join and chair the Strategy Committee of the Board. Mr. Wang has been the director and Co-President of Tsinghua Unigroup since July 2016. Prior to joining Tsinghua Unigroup, Mr. Wang was the director of the management committee of Midong New Zone in Xinjiang, the Vice President of Xinjiang Branch of China Life Insurance Company Ltd., Person Chiefly in Charge of Guangdong Branch, General Manager of Shandong Branch and Executive Di
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