Departure of
Directors or Certain Officers; Election of
Directors; Appointment of Certain
Officers; Compensatory Arrangements of
Certain Officers.
Yasheng Group in May 27th 29th 2017 interim meetings and special meetings of the Board,
On May 28, 2017, our Board of Directors elected four new Officers
effective June 28, 2017.
These Officers join the Company's Board in addition to the currently sitting members.
The new Officers and director are:
The convening of the Conference in accordance with the Bylaw of the Charter of the company,
it is a legitimate and effective resolution. Meeting was chaired bythe Chairman of the Corporate
Governance Committee,motion is the directors attending the meeting agreed that the form the
following resolution:
On elections was considered and adopted by Mr. Li Yong as Yasheng Group Chairman,
On the appointment of Mr. Robert Cardinal as Yasheng Group Senior Financial Officer,
On the appointment of Mr. Chen Eric Christopher as Yasheng Group Senior Vice President,
On the appointment of Mr. Liu Darong as Yasheng Group Chief Operating Officer.
1) Mr. Li Yong, born
in 1965. Dr. Li holds a Ph.D. with a
research focus in Operations Research and
M.S. in Applied Mathematics for more than
20 years, once at the end of 90s to
participate in Global Risk Management
Association (GARP), head of the FRM. Mr.
Li has a Bachelor of Science in computer
science Sichuan University and
Pennsylvania State University doctoral
degree in mathematics and computer master
and computer. Dr. Yong Li is a
partner at IW Capital LLC, The founder of
the Value of Omaha Investment Center. In
the global promotion with Warren Buffett
as the representative of the idea of value
investment, and promote Sino US investment
and business cooperation. A private
investment partnership focusing on China
related private equity investments. Dr.
Yong Li is also Managing Director in
charge of risk management at a top ranked
fixed income hedge fund located in
downtown New York. He is author
ofˇ¶Farewell, Lehman Brothersˇ·.
Prior to joining the Midway Group, Dr. Li
was a senior risk manager at the Lehman
Brothers Inc. and ran a risk management
group for five years with key
responsibilities for the global credit
businesses. Before that, he was a risk
manager for three years at the Credit
Lyonnais Americas covering market risk for
the fixed income and equities businesses.
Dr. Li spent two years as a quantitative
analysis at Sanwa Financial Products, and
New York Bank responsible for the
development of financial derivatives ,
building interest rate and currency
derivative pricing models and structuring
tools.
2) Mr. Robert Cardinal,
born in 1952. He is President of Global
Assets Management (Hong Kong) Limited ,
The vast international experience of Mr.
Cardinal will be an asset for the Company.
He was a member of the Advisory Committee
of the World Recreation Association which
is a member of UNICEF. Mr. Cardinal was
recently named Secretary General of the
African Diplomatic Academy for North
America and South America, and working out
of Toronto, Hong Kong and Beijing. Mr.
Cardinal has worked for the Quebec
Government and was responsible for the
International Trading Committee with
contacts globally. His invaluable
experience and contacts will be a
tremendous asset for the Company in
developing the Asia, Africa and South
America markets.
3) Mr. Chen Eric
Christopher, born in 1959. He
is CEO of Global Assets Management (Hong
Kong) Limited , Eric Chen trained in China
with the top professional wushu teams
since 1982. He competed as an athlete,
then became the most successful US coach
in the international competitions. Eric
was one of the pioneers that helped formed
the International Wushu Federation,
translated the bylaws, text, exams,
composing international competition
compulsory routines, judged in world
championships produced the top athletes in
the US and hosted the world champion
Beijing wushu team in the US from
1995-2002. From the athletic arena,
Eric became a choreographer, stunt
coordinator, actor, stuntman and action
director in many high profile films such
as "Kung Fu Panda", "Pirates of Caribbean
II & III", "Shanghai Noon", "The One",
"Empire of the Sun", "Transporter I & II",
"Beverly Hills Ninja", "Wind Talker",
"Mortal Kombat", "Rush Hour", "The Legend
of Bruce Lee", "Bullet Proof Monk", "Aztec
Warrior", etc., and moving into producing
Hollywood- China coproduction films such
as "Genghis Khan", "Ice Breaker", "Journey
To The West", etc © Inc. 2010. All
rights reserved. Protected by the
copyright laws
4) Mr. Liu Darong,
born in 1966. From 2010 to 2017 served as
Chairman of the corporate governance
Committee of Yasheng Group. From 1995 to
2017 Mr. Liu has served as Chairman and
legal representative with Akesai County
Granite Stone Material Factory in China.
During this period, Mr. Liu took a leading
role in stone material program with many
large projects, including Mo Gao Grotto at
Dunhuang. From 1988 to 1994, Mr. Liu was
Vice Major with Gansu Qingshui County. Mr.
Liu has over twenty-year experience in
project and administrative management;
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