Chinese infant formula firm Yashili International Holdings has announced that joint CFO Chan Shing Yee is set to resign from the company.

Chan will leave his roles as joint CFO and joint company secretary from 1 February.

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Yashili’s other CFO Wen Jeiping will remain in charge of financial matters at the company. Wu Xiaonan will stay in his role as company secretary.

In August, Yashili reported a 37.4% fall in half-year profits on the back of an increase input costs and expenditure on marketing. Turnover climbed 5%.

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