Beijing, May 5 (ZXS) -- The Chinese Basketball Federation (Beijing) Sports Co., Ltd. (hereinafter referred to as CBA Company) announced on May 24 that Yao Ming, chairman of the Chinese Basketball Association, will no longer concurrently serve as the chairman of CBA and appoint Xu Jicheng, vice chairman of the Chinese Basketball Association, as the new chairman of CBA Company.

CBA issued an announcement on the evening of the 24th that the change of head of CBA is 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 "Charter of China Basketball Federation (Beijing) Sports Co., Ltd."

It is reported that at the board meeting and shareholders meeting of CBA held on the 24th, 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 CBA company forward during his concurrently serving as chairman of CBA company. With the support of the Chinese Basketball Association, CBA will continue to improve the level of league competition and brand influence, and make more efforts to develop 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 concurrently serving as chairman of CBA Company, and hoped that the CBA League could continue to strengthen its purpose, deepen reform, 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 Company, said that Yao Ming's contribution to the CBA League during his concurrent tenure as chairman of CBA Company 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 was a senior reporter of the Sports Department of Xinhua News Agency, and later 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, and the director of the media operation department of the Beijing Winter Olympic Organizing Committee. (End)