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500.com appoints new chairman to replace Yonghong Zhang

2nd August 2018 5:55 am GMT

New York-listed lottery provider 500.com has appointed Huixuan Wang as the company’s new chairman with immediate effect.

Wang replaces Yonghong Zhang, who stepped down abruptly as director and chairman after less than ten months with the company.

"On behalf of the board of directors, I would like to express our sincerest gratitude to Mr. Yonghong Zhang, for his outstanding contributions to the company over the past year," said Wang. "We wish him success in his future endeavors."

His departure [...]

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