Chinese online game developer The9 Limited announced that its president will not have her employment contract extended.

The company stated that “for personal development reasons”, Chen Xiaowei will not have her contract renewed. Chen’s employment contract expires on May 16, 2010, and the company’s chairman and CEO, Zhu Jun, will assume Chen’s duties as president of the company after this date.

Chen stated: “I would like to thank the board of directors of The9 for their trust in me and all the employees for their support during my service to the company. I believe that the company will continue to enjoy rapid growth and reach new heights under the leadership of Mr. Zhu Jun.”

Chen was previously a television anchor in China at CCTV-9, the official English-language channel in the country, and ran — a Web portal owned by CDC Corporation.