"I firmly believe that Mr. Wang, with his rich experience, unique conviction and innovative thinking, will further enlarge the influence of CBA League in various fields, thus continuously improving the CBA brand value," said Yao.

"We would like to express our sincere gratitude to Mr. Wang for his outstanding contributions to NBA China over the past ten years. NBA has enjoyed profound partnership with Chinese Basketball Association with extensive cooperation in training national teams, coaches and referees at different levels. We look forward to extending close cooperation between the two sides and we will support the development of China's basketball industry as always," said Zhang Chiju, CEO of NBA China.

CBA League, as the most influential men's professional basketball tournament in China, has a total of 20 teams. The 2018-19 season of the league was held from October 21, 2018 to May 3, 2019 with 460 regular-season games and 37 playoffs. Recently, CBA League Sports Co. has launched its "CBA2.0" plan for brand promotion and upgraded the logo of nine clubs.

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