Mountain Valley MD Holdings Inc. announced the appointment of Yong Yao to the role of Chief Financial Officer effective January 15, 2024. The Company has accepted the resignation of the Company?s current Chief Financial Officer, Lucie Letellier, due to health issues that have resurfaced and require Ms. Letellier to take a leave of absence from her professional endeavours at this time. Ms. Letellier will continue to serve as the Company?s Chief Financial Officer until January 15, 2024 and assist with the transition to the new CFO.

With a distinguished financial career spanning premier institutions in both North America and the Far East, Mr. Yao is a seasoned CFO and brings a wealth of expertise in financial markets, corporate governance, and international business. In his recent role as CFO of Hanalytics BioMind Co., Mr. Yao played a pivotal role in securing USD 200 million dollars in private equity financing and chartering the company?s profitable growth to a valuation of USD 1.4 billion. Mr. Yao was the Executive Director of Xinyuan Real Estate Corp.

and President of Xin Yan Capital, a Xinyuan subsidiary, where he managed private equity funds totaling CNY 30 billion, facilitating successful IPOs, overseeing global land acquisition and real estate projects. Mr. Yao?s leadership roles at Bank of America Merrill Lynch, Morgan Stanley, and Scotia Bank Canada showcased his diverse abilities, including strategic financial oversight, implementation of accounting policies and IFRS standards, regulatory reporting, management reporting, and financial business planning. Notably, his entrepreneurial venture, Selectin Biomedical Inc., secured substantial funding and regulatory approvals for innovative small molecule chemical drugs designed for anti-tumor applications.

Mr. Yao holds an MBA from McGill University, and two designations by AICPA-CIMA UK, including Fellow Chartered Management Accountant (FCMA) and Chartered Global Management Accountant (CGMA). Additionally, he holds a Bachelor of Science degree in Biology from Nankai University.