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China Biologic Products Announces the Change of CEO and CFO
Date:5/13/2008

TAIAN CITY, Shandong, China, May 13 /Xinhua-PRNewswire-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) ("CBP," or "the Company"), one of the leading plasma-based pharmaceutical companies in the People's Republic of China ("PRC"), today announced the appointment of a new CEO and CFO.

On May 9, 2008, Mr. Stanley Wong resigned as President and Chief Executive Officer of the Company, effective as of June 1, 2008. Mr. Wong's resignation was due to personal reasons and was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. He will continue to serve as a consultant to the Company until the end of 2008 in order to ensure a smooth transition for the management. At the same time, Mr. Chao Ming Zhao resigned from his position as Chief Financial Officer in order to take over Mr. Wong's role as President and Chief Executive Officer, and Mr. Y. Tristan Kuo, the Company's Vice President-Finance, has been appointed to as the Company's new Chief Financial Officer, effective June 1, 2008.

Mr. Zhao has been CBP's Director since August 2006 and Chief Financial Officer since November 2006, and has been the Chief Financial Officer of CBP's operating subsidiary, Shandong Taibang since September 2003. From February 2002 to June 2003, he served as the Financial Manager at the EF English First (Fuzhou) School, where he was responsible for managing the school's accounting and its internal control, and he served as a manager and internal auditor at the Fujian (CFC) Group from July 1996 to January 2002. Mr. Zhao is a certified accountant in the PRC and is an international registered internal auditor. Mr. Zhao obtained his Bachelors degree in Investment Economy Management from Fuzhou University in 1996 and received his MBA from the Chinese University of Hong Kong in 2006.

Mr. Kuo has more than 27 years of accounting, finance and information systems work experience in manufactur
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
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