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Aoxing Pharmaceutical Company Announces Management Change
Date:7/6/2012

JERSEY CITY, N.J., July 6, 2012 /PRNewswire/ -- Aoxing Pharmaceutical Company, Inc. (NYSEAMEX: AXN), a specialty pharmaceutical company specializing in research, development, manufacturing and distribution of a range of narcotics and pain-management products, today announced that Mr. Bob Yunjun Ai has resigned as Chief Financial Officer of the Company to pursue other business interests, effective as of July 1, 2012. The Company expresses its appreciation for Mr. Ai's significant contributions to the Company and wishes him the best in his future endeavors. 

The Company has appointed Mr. Guoan Zhang as acting Chief Financial Officer to replace Mr. Ai. Mr. Zhang was Senior Vice President of Finance prior to the appointment. He joined the Company in 1998 and held various positions in the finance function. Mr. Zhang is a China CPA. 

The Company also appointed Ms. Guirong Zhou as Vice President of R&D to lead the R&D function. Ms. Zhou has in depth experience in pharmaceutical research and is responsible for our new drugs applications. Ms. Zhou has around 30 years of research and product development experience and she obtained a lot of awards and achievements in the pharmaceutical area. Ms. Zhou is a pharmaceutical expert in research centers and had worked for Shijiazhuang Pharmaceutical Group and other major pharmaceutical companies.

About Aoxing Pharmaceutical Company, Inc. Aoxing Pharmaceutical Company, Inc. is a US incorporated specialty pharmaceutical company with its operations in China, specializing in research, development, manufacturing and distribution of a variety of narcotics and pain-management products.

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SOURCE Aoxing Pharmaceutical Company, Inc.
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