CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) 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.
CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Election of Director
Effective as of April 1, 2017, China YCT International Group, Inc. ‘s ( the “Company”) Board of Directors elected Mr. Li Dong as a new member of the Company’s Board of Directors, with a term of office expiring at the Company’s next annual meeting of stockholders and the election of a successor. As a Director, Mr. Li will focus particularly on the Company’s research and development department.
Mr. Li has successively served as a technician, the director of research and development, the technical director, and deputy general manager at Shandong Yongchuntang Group Co., Ltd (“Shandong Yongchuntang”) since November 2011, where he is in charge of the research, development and design of the products, network platform development, and technical service. He is also in charge of the Shandong Yongchuntang’s logistics center, research and experimental center, and technical quality center. Previously, Mr. Li served as the server director at Shenzhen Sunshine Technology Co., Ltd from September 2009 to September 2011, where he was responsible for the operation and management of the server. Mr. Li received his bachelor degree from Wuhan University of Science and Technology in Wuhan, China.
Shandong Yongchuntang was the owner of the Acer Truncatum Industrial Project, which was purchased by the Company in March 2017.
Mr. Li will receive RMB 21,000 (approximately USD 3,041) per month as compensation for his services as a member of the Company’s Board of Directors.
About CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG)
China YCT International Group, Inc. operates through two of its subsidiaries, Landway Nano Bio-Tech Group, Inc. (Landway Nano) and Shandong Spring Pharmaceutical Co., Ltd. (Shandong Spring Pharmaceutical). The Company, through its subsidiary, Shandong Spring Pharmaceutical, engages in the business of research, developing, manufacturing and selling of traditional Chinese medicine and other healthcare products in China. Shandong Spring Pharmaceutical is engaged in developing, manufacturing and selling its own medicine made from ginseng extract, development of the acer truncatum bunge planting bases, and distributing healthcare supplement products manufactured by another company. Its product, Huoliyuan Capsule, is a herbal medicine made in the form of a capsule. Its Ginkgo Herbal Tea is health food approved by Ministry of Health. Its cosmetic flavonoid aglycone product, YCT Ginkgo Freckle Cream, has received Cosmetic Product Certificate issued by the Ministry of Health of China. CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) Recent Trading Information
CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) closed its last trading session 00.000 at 0.200 with 1,720 shares trading hands.
China YCT International Group, Inc. operates through two of its subsidiaries, Landway Nano Bio-Tech Group, Inc. (Landway Nano) and Shandong Spring Pharmaceutical Co., Ltd. (Shandong Spring Pharmaceutical). The Company, through its subsidiary, Shandong Spring Pharmaceutical, engages in the business of research, developing, manufacturing and selling of traditional Chinese medicine and other healthcare products in China. Shandong Spring Pharmaceutical is engaged in developing, manufacturing and selling its own medicine made from ginseng extract, development of the acer truncatum bunge planting bases, and distributing healthcare supplement products manufactured by another company. Its product, Huoliyuan Capsule, is a herbal medicine made in the form of a capsule. Its Ginkgo Herbal Tea is health food approved by Ministry of Health. Its cosmetic flavonoid aglycone product, YCT Ginkgo Freckle Cream, has received Cosmetic Product Certificate issued by the Ministry of Health of China. CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) Recent Trading Information
CHINA YCT INTERNATIONAL GROUP, INC. (OTCMKTS:CYIG) closed its last trading session 00.000 at 0.200 with 1,720 shares trading hands.
