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As part of the group’s strategy to rebuild the Kappa brand, Zhang has taken charge of overseeing destocking measures over the past few years. In the first half of this year, China Dongxiang had got rid of some “defective goods” left over from 2015 and earlier. Products worth approximately 140 million yuan were involved, resulting in a one-off decline in the sportswear producer’s gross profit margin by some 2.3 percentage points.

As of the end of June 2018, its nonperforming loan ratio increased by 22 basis points from the end of 2017 to 1.26 percent. Meanwhile, the provision coverage ratio fell by 26.54 percentage points to 242.1 percent, according to the bank's 2018 interim report.

As it was difficult to extract the components, Li began working with Hu Zhong, a research fellow with the Chinese Academy of Sciences' Kunming Institute of Botany in 1983.

As per a surveillance video, at 9:37 pm Monday, the traffic light was red for vehicles going straight at the crossroad of Zhenchuan road and Shunfan road. A black BMW sedan abruptly turned right, attempting to enter the non-motorized vehicle lane and appeared to have collided with a bike.

As of 3 pm on Saturday, the rescue was still in progress and no missing persons have been found.