China Vanguard CFO Resigns

Having served as both the chief financial officer and company secretary of Hong Kong lottery supplier, China Vanguard Group, Chun Hong Chow has submitted his resignation. He has cited his reason for the move as 'personal commitments.'

Founded in 1999, the company serves as a leading lottery solutions provider, specifically to China's sports and welfare lottery industry. The China Vanguard Group uses a lottery distribution network to supply lottery equipment, software, and integrated marketing solutions to China's Sports and Welfare Lottery authorities.

Chow first came to the CVG team back in June of 2014, as a replacement for Lo Kam Fan, immediately beginning his role as group regional chief financial officer. Before joining the team, Chow spent sixteen years at IT operating business, Jardine Matheson Group.

CVG recently released a statement, in which Chow affirms he has 'no disagreement with the board and there is not any matter that needs to be brought to the attention of the shareholders or the stock exchange in respect of his resignation.'

Following his departure, Chow will be remembered for his 'valuable contributions and services to the company during his tenure of office.'

As of now, the company has someone in mind to fill the newly vacant roles. However, official news on Chow's replacement has not yet been released.

As of Wednesday, assuming Chow's role as authorized representative for CVG, is Ms. Cheung Kwai Lan.

After two years with the company, and a series of contributions, Chow makes his departure on good terms, in order to place a stronger focus on personal obligations.

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