Yao Ming will no longer concurrently serve as the chairman of CBA Company. Xu Jicheng, vice chairman of the Chinese Basketball Association, was appointed as the new chairman.

The board of directors of the company expressed its gratitude to Yao Ming for his outstanding contributions and dedication to promoting the development of the CBA league. CBA and clubs will unite more closely around the Chinese basketball Association in the future and make more contributions to the new development of Chinese basketball, according to CBA.