OSL Group's CEO Steps Down to Remain Chairman; New CEO Named

MT Newswires Live08-05

Pan Zhiyong will cease to serve as OSL Group's (HKG:0863) chief executive officer while remaining the company's chairman and an executive director effective immediately, a Monday bourse filing said.

The move comes about in order for the blockchain platform operator to further strengthen its corporate governance and expand its senior leadership team.

The firm, on the same day, named Cui Song as its new CEO, according to the filing. Song has previously held senior leadership roles at Bybit, FangDuoDuo, and Google among other top companies.

Shares of the company closed nearly 10% lower on Monday.

Price (HKD): $5.04, Change: $-0.53, Percent Change: -9.52%

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