Sentury Tire dismisses CFO Xu Huashan

Sentury Tire confirms that Xu Huashan no longer holds the positions of chief financial officer and director within the company. The decision to dismiss Ms Xu was taken during a meeting of Sentury’s Board of Directors on 20 February.

According to a statement submitted to Shenzhen Stock Exchange, Sentury Tire shares that Ms Xu did not perform her duties as chief financial officer and a director due to “personal reasons.” Tyrepress.com reported on 10 December that the Public Security Bureau of China’s Danzhou City was investigating Xu for an issue related to her work prior to joining Sentury in 2015. The tyre maker tasked general manager Lin Wenlong to take over the role of chief financial officer on an interim basis, and Sentury Tire intends to appoint a new chief financial officer at a later date.