Baofeng Group: only 10 people stay in position

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Photo/VCG

Troubled online video entertainment service provider Baofeng Group (300431.SZ) announced Monday that the company is now in extreme difficulty. It suffers both financial and labor stain, and may not be able to disclose 2019 results on time.

Currently, only around 10 people are in position and all senior executives have resigned except its founder.

Editor: Tan Yuhan