HAILIANG EDUCATION GROUP INC. Hailiang Education Group Inc. ("Hailiang Education" or the "company") announced changes to the management team and composition of its board of directors. The company announced that, Mr. Lei Chen, Chief Financial Officer, will leave the company effective immediately due to personal reasons. Mr. Hancheng Lee, Chief Accounting Officer of the company, will assume the role of Chief Financial Officer, effective immediately.
Mr. Hancheng Lee has served as the Chief Accounting Officer of Hailiang Education since February 2016 and served as Assistant Director of Internal Audit of Hailiang Group Co. Ltd. from March 2014 to February 2016. From March 2008 to February 2014, Mr. Lee served as the Deputy General Manager and Accounting Supervisor of Vietnam Operations for Hailiang (Vietnam) Copper Co.
Ltd. The company also announced the resignation, effective immediately, of Dr. Fang Chu as independent director of the company's Board. Mr. Xiaohua Gu, an independent director of the Board, has been elected as chairman of the Corporate Governance and Nominating Committee of the Board, effective immediately.
