AOXIN TIANLI GROUP, INC. (NASDAQ:ABAC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 22, 2017, the Board of Directors of Aoxin Tianli appointed Mr. Luchang Zhou Chief Executive Officer of the Company. Mr. Zhou, 71 years old, is a citizen of the People’s Republic of China. Mr. Zhou has been affiliated with commercial enterprises for more than thirty years, has occupied a number of executive positions during his career and has significant experience in the acquisition and management of privately held and public companies. From 2000 to 2006 Mr. Zhou was the Deputy General Manager of Chongqing Yixian Investment Co., Ltd. From 2007 to 2014, Mr. Zhou was the vice president of Chongqing Hexin Economic Development Co.,Ltd. In 2014 , Mr, Zhou joined Shenzhen Qianhai Jiaguo Tianxia Fund Management Co.,Ltd, which he currently serves as General Manager of the Financial Investment Department. Shenzhen Qianhai Jiaguo Tianxia Fund Management Co. Ltd., founded in August 2014, is located in the Shenzhen-hongkong cross border cooperation zone, in Shenzhen City. It has registered capital of 100 million Yuan and is engaged in the management of equity investment funds, equity investments, investment management and asset management. Among his more significant achievements, Mr. Zhou led the initial public offering of Chongqing Fuling Electric Power Industrial Co., Ltd. and the Southwest Securities’ Back Door Listing in Shanghai Stock Exchange.
Concurrent with the election of Mr. Zhou to the position of Chief Executive Officer the Board determined that the Company would no longer have co-CEOs, so Mr. Zhou is now the sole Chief Executive Officer of the Company.
About AOXIN TIANLI GROUP, INC. (NASDAQ:ABAC)
Aoxin Tianli Group, Inc. is a holding company. The Company is engaged in hog farming. The Company conducts its hog breeding operations through Wuhan Fengze Agricultural Science and Technology Development Co., Ltd. (Fengze), a subsidiary of Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd., its wholly foreign owned enterprise, or WFOE, and its subsidiaries, Hubei Tianzhili Breeder Hog Co., Ltd. (Tianzhili), and Hubei Tianzhili (Hefeng) Breeder Hog Co., Ltd (Hefeng). The Company operates in two segments: Hog Farming and Retail. It utilizes various purebred hogs at its farms. The primary purebred varieties that it utilizes are the Yorkshire, Landrace and Duroc. It breeds both purebred and cross-bred hogs in order to attain desirable traits in the hogs produced in its farms. It is engaged in the sales of specialty processed black hog meat through the Internet. It sells its products under its Xiduhei trademark.
