China Innovationpay Group Limited Announces Resignation of Li Yuezhong as Non-Executive Director, Member of Audit Committee, Remuneration Committee and the Nomination Committee
May 31, 2012 at 12:09 pm EDT
The board of directors of China Innovationpay Group Limited announced that Mr. Li Yuezhong ("Mr. Li") has resigned as a non-executive Director with
effect from 31 May 2012 due to other business engagement which requires more of his time and dedication. Mr. Li also resigned as a member of the audit committee, the remuneration committee and the nomination committee of the Company with effect from the same date. Mr. Li has confirmed to the Company that he has no disagreements with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.