XI'AN, China, Oct. 13, 2011 /PRNewswire-Asia-FirstCall/ -- China Housing & Land Development, Inc., ("China Housing" or the "Company," NASDAQ: CHLN) today announced that it has appointed Mr. Yusheng Lin as an Independent Director of the Company, effective October 13, 2011. Mr. Lin replaces Mr. Michael Marks, who, for personal reasons, has resigned his position as an Independent Director of the Company's Board of Directors (the "Board"), effective immediately.
Mr. Yusheng Lin is the Deputy General Manager of SZ Kingworld ("SZK") and Executive Director of Kingworld Medicines Group Ltd. (stock code: 01110HK) ("KMG"). He has been the deputy general manager of SZK since June 2006. He is primarily responsible for the capital management and the operations of KMG. He has approximately 10 years of experience in the pharmaceutical industry. From 1999 to 2004, he worked at Xi'an Lijun Pharmaceutical Company Limited ("XLPC"), which is principally engaged in the manufacture and sale of pharmaceutical products in the PRC. XLPC is a wholly owned subsidiary of Lijun International Pharmaceutical (Holding) Company Limited (stock code: 2005HK) ("XLPC Parent"), a company listed on the Hong Kong Stock Exchange which, together with its subsidiaries, is engaged in the research, development, manufacture and sale of finished medicines and bulk pharmaceutical products to hospitals and distributors. Mr. Lin held the position of vice president of XLPC Parent from 2004 to 2006. From 2005 to 2006, he also held the position of chairman of Lijun Fang Yuan Pharmaceutical Company. Mr. Lin obtained his Bachelor's Degree in Philosophy from Yanan University in 1989 and his MBA from Hong Kong Polytechnic University in 2006.
Mr. Pingji Lu, China Housing's Chairman of the Board commented, "We are delighted to welcome such a highly knowledgeable and experienced Independent Director as Mr. Lin. We believe he will be a strong addition to the Board with his strong background in business operations and capital management. We look forward to working with him in a role that serves in the best interests of our shareholders."
"We want to extend our appreciation to Mr. Marks for his valuable contributions to the Company over the years. He brought to the Board valuable input and insight in the areas of accounting and corporate governance. We wish him the best in his new endeavors," concluded Mr. Lu.