Birmingham City owner Carson Yeung has stepped down as chairman and executive director of the club's holding company, Birmingham International Holdings Limited (BIHL).
This announcement on Yeung's future was made in a statement to the Hong Kong stock exchange. He is also awaiting another announcement on February 28th, where he will hear the verdict on his money laundering trial, also in Hong Kong.
Yeung became the Midlands club's owner and majority shareholder in 2009, having had a previous bid in 2007 turned down. Since he bought the club the side finished 9th in the Premier League, and won the League Cup the following season, although they were subsequently relegated.
They club are currently 18th in the Championship, six points clear of the relegation zone.
Yeung has been succeeded as BIHL chairman by Cheung Shing, another of the company's executive directors. Ma Shui Cheong, who has been appointed vice-chairman of BIHL, has also been given a place on the club's board.
Yeung remains as club president, with the rest of the board made up of his son Ryan, acting chairman Yeung and Monday's two new appointments, Ma and Greek finance specialist Panos Pavlakis.
BIHL expressed its gratitude to their former chairman in a prepared statement, which said: "Mr Yeung, with his foresight, aspiration and clairvoyance, has steered the board successfully through landmark projects such as the acquisition of Birmingham City Football Club, for which the board is profoundly indebted."
"Mr Yeung unequivocally confirms that he has no disagreement with the board and that there are no other matters relating to his resignation that are required to be brought to the attention of the shareholders of the company."