SHENZHEN, China, May 26, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or "the Company"), a leading manufacturer of medical dressings, medical disposables and non-woven fabric made from 100% natural PurCotton® products in China, today announced the resignation of one of its independent directors, Mr. Horngjon "Tony" Shieh, for personal reasons. Winner Medical's Board of Directors voted to fill the vacancy by appointing Mr. Xuedong "Rocky" Wu as a new independent director.
Mr. Shieh served on the audit and the governance and nominating committees of the Board and as chair of the executive compensation committee of the Board. Mr. Larry Goldman, chair of the audit committee of the Board, and Mr. Lawrence Pan, chair of the governance and nominating committee of the Board, expressed their appreciation of Mr. Shieh's dedicated service.
Mr. Xuedong Wu's board appointment commences June 1, 2011. Mr. Wu will serve on the audit and the governance and nominating committees of the Board, and will be the chairman of the executive compensation committee of the Board.
Mr. Wu is the Vice President of BMI Funds Management Ltd., a financial advisory company based in Hong Kong, and was the chief consultant to FLYKE International Holdings Ltd. (HK Ticker: 1998) prior to before joining Winner Medical. Previously, Mr. Wu served as an executive director for Shenzhen Corppal Consultants Co., Ltd., which specialized in advising companies on overseas listings and mergers and acquisitions. Mr. Wu also has experience in the e-commerce and retail space, having served with companies such as China Expert Network Co., Ltd., where he served as chief executive officer, Learnability Inc., an internet educational resource provider, Shenzhen Space Financial Tech Co., Ltd. and CATIC Computer Co., Ltd., both software development companies.