Yuan Yabin will take the reins as chairman and executive director of HTF, while Li — who holds a 74.75% in HTF — remains chairman and CEO of the company’s parent, Hanergy Holding.
In an online statement published over the weekend, the group urged the media not to “over interpret” the reshuffle.
It said that Li and several other senior executives resigned from their positions at HTF to strengthen corporate governance and focus on business development across the rest of the group.
“Hanergy
