Evergrande said in a Hong Kong Stock Exchange filing that Siu Shawn, 50, who was chairman of the board of China Evergrande New Energy Vehicle Group Limited, had entered into a three-year service contract.
The stock exchange filing indicates that both Lai Lixin and Huang Xiangui have resigned as executive directors of Evergrande.
Lai stepped down as executive director to devote more time to his other duties with the group, while Huang stepped down for health reasons, the statement said. Both will remain with the group.
Evergrande is the world’s most indebted real estate company, with more than $300 billion in total debt, including nearly $20 billion in international bonds, all deemed to be in default after a series of missed payments at the end of last year.