3SBIO (Shenyang Sunshine)
3SBio Announces Changes to its Board of Directors
3SBio Inc.(Nasdaq: SSRX), a leading biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products primarily in China, today announced changes to its board of directors (the \"Board\").
3SBio Inc.(Nasdaq: SSRX), a leading biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products primarily in China, today announced changes to its board of directors (the "Board").
Ms.Liping Xu, Executive Director and Vice President, will retire from the Board and her position as a company officer for health reasons, effective March 10,2010. Ms. Xu was one of the founders of the company and has been a director of 3SBio and its predecessor company, Shenyang Sunshine, since 1993.
Concurrently, effective March 10, 2010 , Mr. Peiguo Cong will join the Board and serve as an independent, non-executive director.
Mr. Dan Lou , Chairman of the Board, said, "On behalf of the Board, I would like to thank Ms. Xu for her significant contributions as a founder, director and key executive of the company. We wish her well with her future endeavors." He continued, "We are also pleased to welcome Mr. Cong to the Board as an independent, non-executive director and look forward to his advice and counsel."
Mr. Peiguo Cong has been the managing partner of Beijing Jun You Law Firm since 1994. Mr. Cong also currently serves as a member of the Financial Securities Committee of the China National Lawyers Association, member of the All China Federation of Industry and Commerce, director of the Chinese Society of Mergers and Acquisitions, independent committee member of the Credit Committee of the National Development Bank, and part-time professor at Peking University. In addition, Mr. Cong serves as an independent director of China Southern Fund Management Company and Tianjin Lishen Battery Joint-Stock Co., Ltd. Mr. Cong obtained his bachelor\'s degree in law and master\'s degree in economic law from Peking University.