SHENZHEN, China, Dec. 31 /PRNewswire-Asia-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that Mr. Yongtu Long has resigned for personal reason after over two years serving as an independent director of the Company. The resignation is effective December 31, 2009.
Mr. Long has also served on the Corporate Governance and Nominating Committee of the Board. The Board has appointed Mr. Gary Siu Kwan Sik, an existing independent director, to be a new member of the Committee.
Upon the effectiveness of Mr. Long's resignation, the Board of China Nepstar will consist of five directors, including three independent directors.
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail
drugstore chain based on the number of directly operated stores. As of
September 30, 2009, the Company had 2,337 stores across 67 cities, one
headquarter distribution center and 12 regional distribution centers in China.
Nepstar uses directly operated stores, centralized procurement and a network
of distribution centers to provide its customers with high-quality,
professional and convenient pharmacy services and a wide variety of other
merchandise, including OTC drugs, nutritional supplements, herbal products,
personal care products, family care products, and convenience products
including consumables. Nepstar's strategy of centralized procurement,
competitive pricing, customer loyalty programs and private label offerings has
enabled it to capitalize on the robust economic growth i
|SOURCE China Nepstar Chain Drugstore Ltd.|
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