Benzinga | May 20, 2021 08:48AM EDT

BlueCity Finance Chief Zhiyong Li Resigns, VP Junchen Becomes Named Acting CFO

* Online LGBTQ platform BlueCity Holdings Ltd (NASDAQ: BLCT) announced the resignation of Zhiyong (Ben) Li as the CFO due to personal reasons, effective May 20, 2021.

* Li will serve as the financial advisor for the next six months.

* VP Junchen Sun was named the acting CFO effective upon Li's departure.

* Price action: BLCT shares closed lower by 5.92% at $6.68 on Wednesday.