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The firm purportedly later accepted the resignation of its Chairman, Xudong Chen, while its Chief Executive Officer, Zhengming Pan, subsequently proclaimed that he would be temporarily standing down ‘in order to ensure a thorough and fair investigation’ into the matter could be conducted.Reportedly read the filing from 500.com…“The company expects that revenues from TMG during the first quarter of 2020 will be materially and adversely impacted by the temporary suspension of operations in Sweden....

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