Victor Group Holdings Limited announced the resignation of CEO Mr. Bin Zhang as both CEO and company Director. The company announced the appointment of newly voted company Director Mr. Qian Shao to the position of CEO. Mr. Shao was voted by the company shareholders at the company's 2016 AGM, to the position of Director, and will now step up to include the CEO duties.

Mr. Shao Qian is an active entrepreneur with extensive experience in the Industrial and IT industries. Before joining the company, he served as the Vice President of Rycorchina Investment. Mr. Shao will continue with his position of General Manager at Yiya.

Mr. Shao starts effectively on the November 29, 2016.