American Oriental Bioengineering, Inc. Appoints Mr. Xianmin Wang as Independent Director
The Former Vice-Governor of Heilongjiang Province Accepts the Position of Independent Director
NEW YORK, Jan 19, 2005 (BUSINESS WIRE) -- America Oriental Bioengineering Inc., (AOBO), a rapidly growing Chinese company which produces and distributes a broad range of pharmaceutical and nutriceutical products, today announced the appointment of Mr. Xianmin Wang as an independent director of the Company. Mr. Wang brings more than 37 years of experience in political, economic and cultural affairs. His previous experience includes key government positions in Daqing, vice governor of Heilongjiang province in charge of Financial and Economic affairs from 1998 to 2001, and professor of economics at the Northeast Forestry University.
Tony Liu, Chief Executive Officer of AOBO, said: "Mr. Wang brings valuable knowledge to AOBO in economic and government affairs. In particular, he is a thought leader on the subject of privatization of Chinese state-owned enterprises. AOBO will greatly benefit from his political experience, knowledge and relationships. As a professor of economics, Mr. Wang researched the subject of economic reform in China. Mr. Wang will assist AOBO's rapid expansion which includes opportunities arising from China's privatization process. Mr. Wang has been in charge of economic affairs in Heilongjiang province and Daqing. His understanding and direct experience in economics, stock market regulations and the privatization process will provide important guidance and counsel as AOBO formulates its strategy for its second decade of operation."
Mr. Wang commented: "Accepting the position as an AOBO director is exciting. It is crucial to take advantage of China's rapid growth, government policies and resources and coordinate this with the opportunities of the American capital markets, new technologies and market demand for companies like AOBO. I'm pleased to have the opportunity to apply my experience and knowledge in helping AOBO and its shareholders to take advantage of opportunities arising from China's economic development."
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