China Global Media, Inc. Announces the Addition of Two New Members to Its Board of Directors
8:30 AM ET 12/30/11 | Marketwire
China Global Media, Inc. (OTCBB: CGLO) is pleased to announce that two new members, Ms. Min Yang and Mr. Bingchuan Xiao, have joined its board of directors.
Ms. Min Yang was appointed to the Board of Directors on December 12, 2011 accompanying her investment of $1.44 million U.S. dollars in the Company. Ms. Yang, age 42, has been the chairman of board of Changsha Yilong Department Store and the director of Hunan Zhongdian Yijia Smart Household Technology Co., Ltd. since 1995. From 1990 to 1995, she worked in Industry and Commerce Bank of China Changsha Branch. She graduated from Zhongnan University of Economics with a degree in Applied Mathematics. Ms. Yang is a highly successful and reputable business woman in media and retail markets in Hunan Province.
Mr. Bingchuan Xiao was also appointed the Board Director on December 12, 2011. He is qualified as an "Independent Director." Mr. Xiao, age 51, has been working as the deputy general manager of Beijing Fortune Capital Management Co., Ltd since February 2010. From November 2008 to January 2010, he worked as a Director of China Infrastructure Construction Corporation, an OTCBB listed company. From May 2007 to October 2008, he worked as the deputy general manager of Beijing Xing Yu Qing Technical Trading Company. From May 2001 to April 2007, he acted as the consultant and representative of SOS Kinderdorf International in China. From October 1993 to April 2001, he worked as the deputy general manager of Jiangsu Nanbei Industrial & Trading Company. From August 1983 to April 1990, he worked as a senior interpreter at the Ministry of Foreign Affairs of China. Mr. Xiao graduated from Guangzhou Institute of Foreign Languages with a Degree of Bachelor of Arts in English Literature and linguistics in 1983.
"We are excited that Ms. Yang and Mr. Xiao joined our board of directors," commented Mr. Guolin Yang, the President and Chief Executive Officer of the Company. "They will not only contribute to improving our corporate governance, but also assist us to achieve more rapid business growth."
Upon Ms. Yang and Mr. Xiao's joining the board, the Company's board of directors consists of five members, including Guolin Yang, Jun Liang, Hongdong Xu, Min Yang and Bingchuan Xiao.
