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 Officers
Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officer

On July 25, 2017, the Board of Directors of Aoxin Tianli accepted the resignation of “Tommy” Chun Choi Law from his position as Chief Financial Officer of the Company.

On July 25, 2017, the Board of Directors of Aoxin Tianli appointed Ms. Qinyu Liu as Chief Financial Officer of the Company to fill the vacancy resulting from the resignation of Mr. Law. Prior to joining the Company, Ms. Qinyu Liu, age 42, has occupied a number of financial director and manager positions. From 2006 to 2011, she worked as financial manager of Chongqing Qianbao Technology Co., Ltd, at the time, a Pay 88, Inc. (OTC: PAYI) subsidiary engaged in the online payment industry, where she was mainly responsible for audit work. From 2012 to 2017, Ms. Liu worked as the financial director of Chongqing Shangtian Ecological Agriculture Development Co., Ltd, a company engaged in planting, processing and selling agricultural products as well as agricultural eco-tourism.

The Company and Ms. Liu entered into an employment agreement extending until June 24, 2019. Under the terms of her employment agreement, Ms. Liu is entitled to a compensation of ¥500,000 (US$74,021) per annum payable in 12 equal monthly installments of ¥41,667 (US$6,169).

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.