NextMart Inc, a Chinese direct sales company, announced that it has appointed two new members to its Board of Directors.
The Company has appointed Mr. Tao Kan ('Kan Tao' according to English word order), a seasoned investor with extensive experience in corporate management, to serve as a director. Mr. Tao has nearly 30 years of corporate experience in China's business sectors. Since 2004, he has served as the Managing Director of Shanghai North Huaqing Industrial Construction Development Ltd., a leading real estate development company.
Prior to that, he served as Chairman and President of Huaxin Investment Group Ltd (2001-2004), as Chairman and Managing Director of Shanghai Residential Property Co. (1999- 2001), and as Vice President of Shanghai Zhuzong Group Corp. (1980-1999).
The Company has also appointed Mr. Bryan Li, a Vice President at Morgen Evan Redrock, a Beijing-based private investment bank and financial advisory firm, to serve as an Executive Director of the Company. Mr. Li brings to the company strong financial and corporate experience, having worked on several global business and financing transactions during his career.
Prior to joining Morgen Evan Redrock in 2007, Mr. Li served as the General Manager of Sun Capital Consultancy, Ltd where he acted as a business advisor across a wide-range of Chinese growth industries, including: IT, media and women's apparel.
The appointments of both directors are effective immediately. In conjunction with the two new appointments, the Company has announced the resignations of present directors Mr. Walter Beach and Mr. Yu Bing.
Mr. Ren Huiliang, Chief Executive Officer of NextMart Inc commented, "We take this opportunity to thank Mr. Beach and Mr. Yu for their unwavering support of the Company during their respective tenures. Both individuals have strengthened the company through their insight and initiative, and we wish them well with their future endeavors.
At the same time, we are delighted to welcome on board Mr. Tao and Mr. Li. We believe both of these well-respected business professionals will be valuable assets to the Company as we focus on direct sales of women's apparel in China in 2008."
