![Pan Shiyi and his wife Zhang Xin, founders of Soho China, a prime office developer, stepped down [SHINE]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2022/10/Pan-Shiyi-and-his-wife-Zhang-Xin-founders-of-Soho-China-a-prime-office-developer-stepped-down-SHINE.jpg?resize=525%2C295&ssl=1)
Hong Kong-listed Soho China, a prime office developer in major Chinese gateway cities Beijing and Shanghai, announced on Wednesday the resignation of its chairman and CEO, the billionaire founders of the company, who want to “focus on supporting the arts and philanthropic pursuits.”
Effective right away, Pan Shiyi stepped down as chairman of the board and quit his role as chairman of the nomination committee and the board’s ESG committee. His wife Zhang Xin resigned as chief executive, according to a filing to Hong Kong stock exchange. The couple, who said that they have no disagreement with the board, will remain executive directors of the company, the filing showed. Xu Jin and Qian Ting have succeeded Zhang as executive directors and co-CEOs of the company, according to the filing.