According to the official website of CBA, on May 5, 24, China Basketball Federation (Beijing) Sports Co., Ltd. (hereinafter referred to as "CBA Company") announced that in accordance with the research decision of the Party Committee and Chairman's Office of the Chinese Basketball Association on the adjustment of the division of labor of the leadership after the re-election of the Chinese Basketball Association, as well as the relevant provisions of the "Articles of Association of China Basketball Federation (Beijing) Sports Co., Ltd.", Yao Ming, chairman of the Chinese Basketball Association, will no longer concurrently serve as the chairman of CBA Company. Xu Jicheng, vice chairman of the Chinese Basketball Association, was appointed as the new chairman of CBA.

At the board meeting and shareholders meeting of CBA held on May 5, the board of directors of the company expressed its gratitude to Yao Ming, chairman of the Chinese Basketball Association, for his outstanding contributions and dedication to promoting the development of the CBA league and leading the progress of CBA during his concurrently serving as chairman of CBA Company, and will continue to improve the level of league competition and brand influence with the support of the Chinese Basketball Association and Chairman Yao Ming, and make more efforts for the development of China's basketball industry.

Yao Ming, Chairman of the Chinese Basketball Association, expressed his gratitude to the participating clubs for their strong support and joint efforts during his tenure as Chairman of CBA Company, and hoped that the CBA League could continue to strengthen its purpose, deepen reform, respond to the national strategy of "revitalizing the three major balls and building a sports power" with practical actions, wholeheartedly build a "league satisfactory to the people", and make more explorations and contributions to the overall development of Chinese basketball.

Xu Jicheng, the new chairman of CBA, said that Chairman Yao Ming's contribution to the CBA League during his concurrent tenure as chairman of CBA is irreplaceable, and it has laid a good foundation for the league to move to a higher level in the future. CBA and clubs will unite more closely around the Chinese Basketball Association in the future and make more contributions to the new development of Chinese basketball.

Xu Jicheng used to be a senior reporter of the Sports Department of Xinhua News Agency, and successively served as the deputy director of the media operation department of the Beijing Olympic Organizing Committee, the deputy director of the news media publicity department of the Beijing Winter Olympic Organizing Committee, the director of the media operation department of the Beijing Winter Olympic Organizing Committee, and other positions.