WEBSITE CRASHED - Facility Closed - Is there value in CYXI or not?
China Yingxia International, Inc. (China Yingxia) operates its business through its wholly owned subsidiary, Harbin Yingxia Business Group, Ltd. (Harbin Yingxia). Harbin Yingxia is engaged in the development, production, and sale of health food products, including soybean meals and drinks, cactus-based foods, rice products, and beauty cosmetics. Its products are divided into five categories: nutritional food products, dietary supplements, cosmetic products, raw cactus plants, and personal care and other products. In April 2008, the Company completed the acquisition of Guangzhou Chichi Network Technology Development Co., Ltd. and Guangzhou Chichi Network Supermarket Chain Co., Ltd., together known as the Chichi Wang companies.
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What doesn't make sense to me was they were sitting on tons of cash and suddenly had to shut down operations.
To the Board,
I am resigning my position on the board of directors and as audit committee chair effective immediately.
Due to circumstances beyond it's control, the company's normal operations were interrupted, causing the audit work to be postponed indefinitely.
In such a situation, I find I cannot complete the required auditing and feel I must resign.
I urgent the company to resume normal business operations as soon as possible and return the employees to work.
/s/ Alice Lee Rogers
Alice Lee Rogers
Dear Mr. Hu, CFO of China Yingxia Incorporation:
I would like to send you this email to formally resign from the board of China Yingxia Incorporation. For the last two years, the board has never really execute its power and never function as a board. I cannot serve as an independent board member with such nominal title.
Please forward this to Ms. Jiao Yingxia and to whoever is concerned. And this resignation shall be in effect immediately.
Please let me know if I need do anything else to get my name off the board list.
/s/ Zhaobo Wang