On January 20, the board of directors of Xuji Electric received a written resignation report submitted by Chairman Li Juntao.
Due to job transfer, Li Juntao resigned from the positions of chairman, director and special committee of the board of directors, and no longer held any position in the company after his resignation.
It is noteworthy that on January 14, Xu Tao, the director and general manager of the company, also submitted his resignation report and resigned as general manager. After his
resignation, Xu Tao only retained his position as a director in the company and no longer held other administrative positions.
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