HARBIN, China, June 17 /Xinhua-PRNewswire/ -- China Yingxia International, Inc. (OTC Bulletin Board: CYXI) ("China Yingxia" or "the Company"), a leading provider in the nutraceutical industry engaged in the development, manufacture and distribution of organic nutritional food products, supplements, and personal care products in the People's Republic of China ("PRC"), today announced the appointment of Mr. Ren Hu as its new chief financial officer effective June 11, 2008.
Mr. Hu assumed responsibility as the Company's CFO on June 11, 2008 and will report directly to Ms. Yingxia Jiao, CEO of China Yingxia. Mr. Hu will be responsible for overseeing the Company's overall financial planning, control and reporting activities, SEC compliance, audit and investor relations. Mr. Hu has over 25 years of experience in business and finance, with expertise on Wall Street. Prior to joining China Yingxia, Mr. Hu worked as a vice president of finance at China Kangtai Cactus Bio-Tech, Inc. (OTCBB: CKGT), from June 2006 to June 2008, where he was in charge of North American operations, namely timely filing of SEC reports, investor relations, and capital raising. In addition, Mr. Hu worked as the vice president for Phoenix Forest, LLC., the US investment banking arm of Lin Feng Group, in 2005, executing a reverse merger transaction for a China based power plant, and as the president for China Finance, Inc. (OTCBB: CHFI) in 2004, overseeing investor relations.
Mr. Hu also has extensive brokerage house and hedge fund management and trading experiences and has/had FINRA (formerly NASD) securities licenses S7, S55 and S63. Mr. Hu received his MBA from London Business School in 1989 and MS in finance from Florida International University in 1994. He is currently an ABD (all-but-dissertation doctoral candidate) in international business at Rutgers University.
"We are very pleased to have Mr. Hu join China Yingxia as our chief financial officer," said Ms. Yingxia Jiao, CEO of China Yingxia. "Mr. Hu's prior experience working at one of our peer company's and a Chinahybrid, helps him in moving China Yingxia forward as well as helps our firm in its financial oversight and reporting capabilities," added Ms. Jiao.
"I am excited to join China Yingxia and look forward to working closely with Ms. Jiao and the rest of the team in accomplishing the Company's financial goals," commented Mr. Hu. "In addition, I look forward to working closely with the investment community in communicating the Company's financials."
About China Yingxia International, Inc.
China Yingxia International, Inc., through its 100%-owned subsidiary, Harbin Yingxia Industrial Group Co., Ltd. ('Yingxia'), is primarily engaged in the development, production and sales of health food products in China. Yingxia is located in the Province of Heilongjiang, Peoples Republic of China. Yingxia's products include soybean-based foods and drinks, longgu golden millet enriched products, cactus-based herbal supplements, personal care products, Nestle products, and organic rice products.
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