500.com announces management change

Business News

500.com, a leading online sports lottery service provider in China, today announced that Mr. Min Yu has resigned as Chief Financial Officer of the Company, effective today, to pursue other opportunities. Mr. Yu’s duties will be assumed by Mr. Qiang Yuan, senior vice president of the Company.

Mr. Yuan has served in various positions within the Company since 2001. Mr. Yuan was a vice president in charge of financial matters for the Company from June 2014 to July 2016 and has served as a senior vice president since July 2016.

“I would like to thank Min for his invaluable service and contribution to the Company,” commented by Mr. Yonghong Zhang, Chairman of the Board of Directors of 500.com, “I wish him all the best in his future endeavor.”