SkyPeople Fruit Juice (SPU) Chairman/CEO Resigns

September 9, 2016 1:26 PM EDT

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On September 2, 2016, Yongke Xue, the Chief Executive Officer and Chairman of the Board of Directors of SkyPeople Fruit Juice, Inc. (NYSE: SPU), resigned from his position as the Chief Executive Officer of the Company and Chairman of the Board of the Directors of the Company (the “Board”). Yongke Xue will remain as a director of the Board. Yongke Xue’s decision to resign was not a result of any disagreement with the Company, the Board or its management on any matter relating to the Company's operations, policies or practices.

On September 2, 2016, the Board appointed Hongke Xue, a current board member of the Company, to serve as the Chief Executive Officer of the Company and Chairman of the Board, effective immediately, to fill the vacancy created by the resignation of Mr. Yongke Xue.

Mr. Hongke Xue, age 44, is a brother of Mr. Yongke Xue, and has served as our Chief Executive Officer from February 18, 2013 to December 24, 2014. Mr. Hongke Xue also serves as the Chairman of the Board of Directors and the Chief Executive Officer of SkyPeople Juice Group Co., Ltd., (“SkyPeople China”) since 2003. Prior to that, Mr. Hongke Xue served as the Chief Executive Officer of Tangshan Fengyuan Metal Products, a sino-foreign joint venture, from March 2002 to March 2003. Prior to that, he served as the general manager of Baoji Industrial Products Co., Ltd., a wholly foreign owned enterprise, from April 2001 to March 2002, and deputy general manager of Shaanxi DePu Industry and Trade Co., Ltd. from October 1997 to April 2001.

Mr. Hongke Xue received a bachelor degree in business management from Lanzhou University of Finance and Economics in July 1995.

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