体坛英语资讯：Yao Ming elected chairman of the board at CBA company
<p><span word="BEIJING">BEIJING</span>, <span word="July">July</span> 21-- <span word="Former">Former</span> <span word="Houston">Houston</span> <span word="Rockets">Rockets</span> <span word="center">center</span> <span word="Yao">Yao</span> <span word="Ming">Ming</span> <span word="has">has</span> <span word="been">been</span> <span word="elected">elected</span> <span word="chairman">chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="board">board</span> <span word="of">of</span> <span word="the">the</span> <span word="company">company</span> <span word="that">that</span> <span word="owns">owns</span> <span word="China">China</span>'<span word="s">s</span> <span word="top">top</span> <span word="basketball">basketball</span> <span word="league">league</span>.</p><p><span word="Representatives">Representatives</span> <span word="of">of</span> <span word="the">the</span> 20 <span word="clubs">clubs</span> <span word="that">that</span> <span word="play">play</span> <span word="in">in</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="Basketball">Basketball</span> <span word="Association">Association</span> <span word="League">League</span> <span word="gathered">gathered</span> <span word="at">at</span> <span word="Dongguan">Dongguan</span>, <span word="Guangdong">Guangdong</span> <span word="Province">Province</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span> <span word="and">and</span> <span word="Thursday">Thursday</span> <span word="for">for</span> <span word="a">a</span> <span word="CBA">CBA</span> <span word="Company">Company</span> <span word="shareholders">shareholders</span> <span word="meeting">meeting</span>.</p><p><span word="Yao">Yao</span>, <span word="who">who</span> <span word="was">was</span> <span word="elected">elected</span> <span word="president">president</span> <span word="of">of</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="Basketball">Basketball</span> <span word="Association">Association</span> <span word="in">in</span> <span word="February">February</span> <span word="this">this</span> <span word="year">year</span>, <span word="was">was</span> <span word="nominated">nominated</span> <span word="as">as</span> <span word="chairman">chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="board">board</span> <span word="after">after</span> <span word="Li">Li</span> <span word="Jinsheng">Jinsheng</span>, <span word="the">the</span> <span word="Director">Director</span> <span word="of">of</span> <span word="the">the</span> <span word="Basketball">Basketball</span> <span word="Management">Management</span> <span word="Center">Center</span> <span word="of">of</span> <span word="General">General</span> <span word="Administration">Administration</span> <span word="of">of</span> <span word="Sports">Sports</span> <span word="of">of</span> <span word="China">China</span>, <span word="quit">quit</span> <span word="the">the</span> <span word="post">post</span>. <span word="The">The</span> <span word="meeting">meeting</span> <span word="approved">approved</span> <span word="the">the</span> <span word="nomination">nomination</span> <span word="unanimously">unanimously</span>.</p><p><span word="Shi">Shi</span> <span word="Nengkeng">Nengkeng</span>, <span word="who">who</span> <span word="represents">represents</span> <span word="Fujian">Fujian</span> <span word="Xunxing">Xunxing</span>, <span word="and">and</span> <span word="Hou">Hou</span> <span word="Wei">Wei</span>, <span word="who">who</span> <span word="represents">represents</span> <span word="Xinjiang">Xinjiang</span> <span word="Guanghui">Guanghui</span>, <span word="were">were</span> <span word="both">both</span> <span word="elected">elected</span> <span word="into">into</span> <span word="the">the</span> <span word="board">board</span> <span word="of">of</span> <span word="directors">directors</span>.</p><p><span word="Meanwhile">Meanwhile</span>, <span word="Zhou">Zhou</span> <span word="Shiqiang">Shiqiang</span>, <span word="the">the</span> <span word="owner">owner</span> <span word="of">of</span> <span word="Sichuan">Sichuan</span> <span word="Jinqiang">Jinqiang</span>, <span word="was">was</span> <span word="elected">elected</span> <span word="as">as</span> <span word="the">the</span> <span word="chairman">chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="board">board</span> <span word="of">of</span> <span word="supervisors">supervisors</span>.</p><p><span word="The">The</span> <span word="meeting">meeting</span> <span word="also">also</span> <span word="decided">decided</span> <span word="to">to</span> <span word="launch">launch</span> <span word="a">a</span> <span word="CBA">CBA</span> <span word="youth">youth</span> <span word="league">league</span> <span word="from">from</span> <span word="the">the</span> 2017-2018 <span word="in">in</span> <span word="a">a</span> <span word="bid">bid</span> <span word="to">to</span> <span word="groom">groom</span> <span word="young">young</span> <span word="talent">talent</span>.</p><p><span word="Originally">Originally</span>, <span word="the">the</span> <span word="CBA">CBA</span> <span word="Company">Company</span> <span word="had">had</span> <span word="a">a</span> <span word="total">total</span> <span word="of">of</span> 21 <span word="shareholders">shareholders</span>. <span word="Juren">Juren</span> <span word="Advertising">Advertising</span> <span word="Center">Center</span>, <span word="a">a</span> <span word="wholly">wholly</span>-<span word="owned">owned</span> <span word="subsidiary">subsidiary</span> <span word="of">of</span> <span word="the">the</span> <span word="CBA">CBA</span>, <span word="accounted">accounted</span> <span word="for">for</span> 30% <span word="of">of</span> <span word="the">the</span> <span word="shares">shares</span> <span word="and">and</span> 20 <span word="clubs">clubs</span> <span word="each">each</span> <span word="have">have</span> <span word="a">a</span> 3.5% <span word="share">share</span> <span word="in">in</span> <span word="the">the</span> <span word="company">company</span>, <span word="accounting">accounting</span> <span word="for">for</span> 70% <span word="of">of</span> <span word="the">the</span> <span word="total">total</span> <span word="shares">shares</span>, <span word="while">while</span> <span word="Juren">Juren</span> <span word="Advertising">Advertising</span> <span word="Center">Center</span> <span word="relinquished">relinquished</span> <span word="its">its</span> <span word="shares">shares</span> <span word="of">of</span> <span word="the">the</span> <span word="CBA">CBA</span> <span word="Company">Company</span> <span word="as">as</span> <span word="part">part</span> <span word="of">of</span> <span word="a">a</span> <span word="massive">massive</span> <span word="reform">reform</span> <span word="in">in</span> <span word="the">the</span> <span word="sport">sport</span>.</p>
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