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after the official announcement that li chuyuan, the former chairman of guangzhou pharmaceutical group, was under investigation, on the evening of september 1, the listed companies under its umbrellabaiyun mountainthe announcement stated that it had received a resignation report from zhang chunbo, a director of the company. “due to personal reasons,” zhang chunbo resigned from his positions as a director of the company and no longer held any position in the company. yicai global’s reporters confirmed from multiple independent information sources that zhang chunbo had also been taken away by relevant departments for investigation. “last thursday, members of the group’s leadership team were in a meeting, and then several staff members came in and took him away from the scene.” unlike senior executives such as li chuyuan, who are approaching the “retirement line” in age, zhang chunbo, 48, is a “young” executive in the leadership team of guangzhou pharmaceutical group and is regarded as the company’s future “rising star.” (yicai global reporter li chengwan)