Ever-Glory appoints new Independent Director
Ever-Glory International Group Inc, a leading apparel supply chain manager and retailer in China, announced that the Board of Directors elected Mrs. Merry Tang as an independent director of the Company's board, effective on September 1, 2011, to fill an existing vacancy on the Board created by the resignation of Mr. Gerald (Gerry) Goldberg, effective on August 22, 2011. Mrs. Tang was also appointed as Chairwoman of the Audit Committee and a member of the Compensation Committee and the Nominating and the Corporate Governance Committee of the Board.
Mr. Goldberg's resignation was due to personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
"Mr. Goldberg has been a highly valued director of our Board and we wish him all the best in his future endeavors," said Mr. Edward Yihua Kang, Chairman and Chief Executive Officer of Ever-Glory. "We are very pleased to have Mrs. Merry Tang join Ever-Glory's Board of Directors as an independent director and Chairwoman of our Audit Committee. We believe her solid background and in-depth financial experience will make significant contributions to our company."
Merry Tang, MS, MA, CPA, is currently the principal and managing partner of GZTY CPA Group, LLC, - U.S. based CPA firms offering services in risk assessment, audit engagements, Sarbanes-Oxley-related advice, and other advisory services. She also sits in the board of directors of China Sunergy Co. Ltd, listed Chinese solar energy company, as an independent director and Chairwoman of the Audit Committee.
Mrs. Tang has extensive accounting, auditing, and financing experiences from her more than 16 years professional career in CPA firms, private sector and government agencies. Prior to forming GZTY CPA Group, LLC with her partners, she served as a senior financial and IT auditor in PricewaterhouseCoopers, LLC from 2004 to 2006, a finance manager of Lucent Technologies, Inc. from 1996 to 2004, and assistant director of cash management and investment division in New York State Insurance Fund from 1993 to 1995. Before working in the US, she was an assistant professor teaching financial management in the Central University of Finance and Economics in Beijing, China. Mrs. Tang graduated from the Central University of Finance & Banking, Beijing, China with a bachelor degree in banking in 1983 and a master degree in finance in 1986, before going on to receive her master degree in accounting from the State University of New York at Albany in 1993.
Mrs. Tang has broad experience in Sarbanes-Oxley compliance, SEC filing and reporting, financial system implementation, financial analysis, management reporting, business incorporation services, financial planning, tax preparation and financial advisory services etc.
Mrs. Tang earned her master degree in accounting from State University of New York at Albany, and a master degree and bachelor degree in finance and banking, respectively, from China's Central University of Finance & Economics. Mrs. Tang is a Certified Public Accountant (CPA), certified in both the State of New York and New Jersey. She is also a member of the American Institute of Certified Public Accountants and the New Jersey Society of Public Accountants.