Aoxing Pharmaceutical Company, a specialty pharmaceutical company focusing on research, development, manufacturing, and distribution of narcotic, pain-management, and addiction treatment pharmaceuticals, today announced that Wilfred Chow has resigned from his position as the Company's Chief Financial Officer. Guoan Zhang, Aoxing Pharma's Senior Vice President for Finance, will assume the position of Chief Financial Officer.
Wilfred Chow, commenting on his resignation, stated: "My tenure as CFO for Aoxing Pharma has been one of the most rewarding periods of my professional life. I am proud to have assisted this extraordinary group of people in their drive to bring much-needed pharmaceutical products to China. However, my own personal and professional situations make this a good time to hand over the role of CFO to Mr. Zhang. I will continue to assist Aoxing Pharma as an advisor, and I look forward to continued participation in the growth of this very special company."
Zhenjiang Yue, Aoxing Pharma's Chief Executive Officer, commented: "We are grateful to Wilfred Chow for his contribution to our company through this year. We approach the end of 2015 with a dramatically improved balance sheet, and much of the credit for our current financial stability is due to Wilfred's dedicated efforts on our behalf. I look forward to continuing my relationship with Wilfred, as he serves as our advisor, and I wish him well in his future business ventures."