Nature's Sunshine Products, Inc. Announces Board Changes
September 24, 2021 at 03:35 pm EDT
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Nature's Sunshine Products, Inc. announced resignation of Ms. Lily Zou from the Board of Directors. Ms. Zou had been designated for appointment to the Company’s Board of Directors by Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (“Fosun”) pursuant to the Stockholder Agreement between Fosun and the Company dated June 26, 2014. Ms. Zou’s decision to resign is not due to any disagreement with the Company, including with respect to any matter relating to the Company’s operations, policies or practices. On September 22, 2021, the Company’s Board of Directors appointed Ms. Shirley Wu to its Board of Directors. Ms. Wu was designated by Fosun and appointed to serve as a director until the next shareholders’ meeting at which directors are elected.
Nature's Sunshine Products, Inc. is a natural health and wellness company, which markets and distributes nutritional and personal care products in more than 40 countries. The Company sells its products to a sales force of independent consultants who use the products themselves or resells them to consumers. The Company has four segments: Asia, Europe, North America, and Latin America and Other. Each of the geographic segments operates under the Natures Sunshine Products and Synergy WorldWide brands. The Latin America and Other segment include its wholesale business, in which the Company sells products to various locally managed entities, independent of the Company, that it has granted distribution rights for the relevant market. The Company's line of over 800 products includes several different product classifications, such as immune, cardiovascular, digestive, personal care, weight management and other general health products. It purchases herbs and other raw materials in bulk.
NATURE'S SUNSHINE PRODUCTS, INC. 
