Perfect World Co-CEOs Relinquish Roles

MT Newswires Live07-24

Perfect World (SHE:002624) Chief Executive Officer Xiao Hong and co-CEO Lu Xiaoyin have stepped down due to work arrangements, according to a filing with the Shenzhen Stock Exchange.

Xiao and Lu will remain as directors. Gu Liming, a senior vice president, will become the new CEO.

The stock closed 3% lower on Wednesday.

Price (RMB): ¥7.26, Change: ¥-0.23, Percent Change: -3.07%

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