Aug. 27, 2012
/PRNewswire-Asia/ -- VisionChina Media, Inc. ("VisionChina" or the "Company") (Nasdaq: VISN), one of
's largest out-of-home digital television advertising networks on mass transportation systems, today announced the appointment of Mr.
Stanley Yan Wang
as the Company's chief financial officer, effective immediately.
, chairman and chief executive officer of VisionChina Media commented, "I'm pleased to announce the appointment of Stanley as our new chief financial officer. Having worked with Stanley for more than three years, I know firsthand his significant contributions to the Company. His deep understanding of the Company's operations, extensive knowledge of accounting-related rules and regulations applicable to U.S.-listed companies and his long-term commitment to the Company and its goals make him the most suitable person to take on this important role."
Stanley Yan Wang
joined the Company as financial controller in
, and later served as senior vice president of finance, taking charge of the Company's daily financial operations. Prior to joining VisionChina Media, Mr. Wang was an audit manager at KPMG Guangzhou. He was involved in a number of initial public offerings and audits of U.S.-listed Chinese companies. Mr. Wang holds a bachelor's degree from
University of Foreign Studies in
The Company also announced the resignation, due to personal reasons, of Mr.
as member of the Company's board of directors, chairman of the Corporate Governance and Nominating Committee, and member of the Audit Committee and the Compensation Committee, effective from
August 21, 2012
Mr. Li concluded, " We are sorry to see
leave us and we would like to thank him for his significant contributions as an independent director."
After above change of the board of directors, VisionChina Media's current board members are Mr. Limin Li, founder, chairman and chief executive officer of VisionChina Media; Mr. Kit Leong Low, director; Mr. Arthur Wong, independent director; Ms. Yanqing Liang, independent director and Ms. Xisong Tan, independent director. The board of directors shall appoint new members to fill the vacancies of various committees due to Mr.
's resignation as soon as practicable.