YaSheng Group (HERB)

[illegal_alias]

new 8-K today. More improvements in corporate governance structure

Section 5 - Corporate Governance and Management



Item 8.01 Other Events


On September 24, 2010, the Board adopted a charter for the governance of the Audit Committee of the Board, effective October 1, 2010. The Committee is composed of directors from the Board who are “independent” of management of the Company as provided by applicable law and regulations. Messrs. Zhang Xinmin, Wei Tingwu, and WangAnxue will serve as members of the Audit Committee. Mr. Zhang Xinmin has been appointed as the Chairman of the Audit Committee.


On September 24, 2010, the Board adopted a charter for the creation and governance of the Compensation Committee of the Board. The Committee is composed of directors from the Board who are “independent” of management of the Company as provided by applicable law and regulations. Messrs. Yang Baoquan, Liu Darong and WangAnxue will serve as members of the Compensation Committee. Mr. Yang Baoquan, will serve as the Chairman of Compensation.

On September 24, 2010, the Board adopted a charter for the governance of the Corporate Governance and Nominating Committee of the Board, effective October 1, 2010. Messrs. Liu Darong, Yang Baoquan and Zhang Xinmin will serve as members of the Nominating and Corporate Governance Committee. Mr.Liu Darong will serve as the Chairman of the Corporate Governance and Nominating Committee