Cross-posted from: https://feddit.de/post/8514302

Bao Fan, a Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said.

China Renaissance announced in a filing to the Hong Kong stock exchange on Friday that Bao was stepping down as its chairman and CEO, effectively immediately, for “health reasons and to spend more time on his family affairs.”

“There is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company,” the Hong Kong-listed firm added.