Vice President of China Branch Cloud network Li Yu left, continued to serve as Director

Li Yu, vice president of China Science and Cloud network, continued to be director of the December 17 news, China Branch Cloud Network issued a notice, the company's board of directors on December 12, 2014 received the company's vice President, board secretary Li Yu submitted a written resignation, Li Yu for personal physical reasons, to resign the vice President and the Secretary of the Board. During the vacancy of the Secretary of the Board, the company board of Directors designates vice President Wang Guanying as the Secretary of the Board. Recently, media reports said that the Sino-Branch Cloud Network fund chain has been in deep trouble, more than half a year to Hunan and Hubei Love store 10. In an interview, the company's securities department confirmed that Mengkai, founder of Xiang-E, chairman of China Branch Cloud network, has been abroad for two months and is currently dealing with foreign assets. In the first three quarters, the net profit of the shareholders of the listed companies still loses 95.626 million yuan, which is expected to lose 180 million to 190 million yuan in the whole year. In this respect, China Branch Cloud Network has issued a notice that if the business situation further deteriorate, the current issue of debt repayment risk will rise sharply. At the end of last month, China Branch Cloud Network announced that the company decided to end the reorganization of assets, this is the company in September and October since the third time to terminate the major issues. The company terminated a plan in September this year, and in October terminated the acquisition of 49% per cent of Yan in Hefei. (rain)