The Board also approved the appointment of Ms. Xun Liu to replace Mr. Yaw Kong Yap as Financial Controller of the Company. Ms. Liu has over 13 years working experience in financial management and corporate accounting in publicly listed companies, including Xueda Education Group (NYSE: XUE) and ChinaEdu Corporation (NASDAQ: CEDU). Ms. Liu received her Bachelor of Economics in 1995 and Master of Economics in 1998 from Tianjin University of Finance and Economics. Ms. Liu is a Chinese Certified Public Accountant (CICPA member).
Commenting on the changes in the management team, Dr. Jianyu Yang, Chairman of the Board and CEO of the Company, stated, "The new management team includes both veterans of the Company as well as new members with abundant experience in their respective fields. This will enable us to focus better on the long-term strategy of the Company, which is to establish our own brand-named oncology specialty hospitals, targeting the high-end patients in China. It is our commitment to providing best services to our patients, facilitating the development of radiology in China and creating values for our shareholders."
In addition, Concord Medical's board of directors has appointed Mr. Jie Xin and Dr. Frank Ren as directors, and Dr. Weibo Yin as an independent director with effect from November 29, 2011. Ms. Shirley Chen and Mr. Wai Hong Ku will no longer serve as directors of the company. Mr. Hongbin Cai will no longer serve as an independent director. Dr. Weibo Yin has replaced Mr. Hongbin Cai as a member of the audit committee and Mr. Jie Xin has replaced Ms. Shirley Chen as the chairman of the compensation committee. Ms. Chen, Mr. Ku and Mr. Cai have resigned as directors to pursue other professional interests.
Mr. Jie Xin is currently a Managing Director of CICC Private Equity. Mr. Xin joined CICC Private Equity in July 2007. Prior to joining CICC Private Equ
|SOURCE Concord Medical Services Holdings Limited|
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