Editor’s note: A version of this post by Xu Wei first appeared on Yicai Global.

Jia Yueting, founder of LeTV Holdings (Beijing), said in a statement today that he will undertake all responsibility for the company’s employees, users, clients, and investors. LeTV’s suppliers are recovering debts from the company, he claimed.

Jia underlined that he remains LeTV Holdings’ executive director and the biggest shareholder. Resigning from his position as the CEO and even other more important positions are just to advance the mass production of FF 91 as soon as possible, he claimed.

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Yicai Global

Yicai Global is the English-language financial news service of Shanghai Media Group and is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.