Qiao Xing (XING) CEO Ruilin Wu, Director Xiufeng Shi Resign; Appointees Named
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Qiao Xing Universal Resources, Inc. (Nasdaq: XING) reports Zhiyang Wu has been appointed to serve as Chairman of the Board and Chief Executive Officer, replacing Ruilin Wu, who has resigned his positions as the Company's Chairman and Chief Executive Officer, effective November 21, 2011.
Additionally, the Company announced that Kaisong Xiang has been appointed to serve as Director of the Company, replacing Xiufeng Shi, who resigned effective November 21, 2011 as well. Ruilin Wu's and Xiufeng Shi's resignations are for personal reasons and are not related to any disagreement with the Company regarding financial, operational or other practices.
Additionally, the Company announced that Kaisong Xiang has been appointed to serve as Director of the Company, replacing Xiufeng Shi, who resigned effective November 21, 2011 as well. Ruilin Wu's and Xiufeng Shi's resignations are for personal reasons and are not related to any disagreement with the Company regarding financial, operational or other practices.
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