Shenzhen-based OmniaLuo enlarges its BoD

02 Feb '08

5 min read

OmniaLuo Inc a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO, announced that effective January 28, 2008, OmniaLuo appointed six new members to its Board, including four independent directors, established audit, compensation and governance and nominating board committees comprised exclusively of independent directors, and adopted a Code of Ethics, all consistent with the corporate governance standards as set forth in NASDAQ Rule 4350.

Enlarges Board of Directors to include a Majority of Independent Directors:
Effective January 28, 2008, the Board of Directors increased the size of the Board from one to seven members and appointed six new directors, including four independent directors, each of whom was determined to meet the definitions of independence for independent directors and audit committee members under the applicable NASDAQ Marketplace Rules.

Wenbin Fang, Director:
Mr. Fang serves as General Manager of Shen Zhen Meng Sa Di Ka Trading Company, an import/export company. Mr. Fang has more than 17 years of international trade experience, with expertise in the exportation of household goods and clothing products from China.

Mr. Fang received a Bachelor's degree in Industrial Design from Shangdong Design and Art College in 1991 and spent one year (1992-1993) at the Department of Industrial Design at the Italy National Design and Art College.

Qing Huang, Independent Director:
Mr. Huang is currently a general partner of Mingly China Growth Fund, L.P., a private equity fund focused on investing in growth companies in China. Mr. Huang has extensive experience in international financing transactions by Chinese and non-Chinese companies, including private placement and public offerings of corporate equity and debt.

Mr. Huang worked as a lawyer and adviser in the United States, Hong Kong and Shanghai. Mr. Huang graduated from Columbia University School of Law with a J.D. degree, from the University of Chicago with a Master's degree in political science and from Beijing University with a Bachelor's degree in English and American literatures. He is a member of the New York State Bar Association.

Fei Luo, Independent Director:
Mr. Luo founded Beida Zongheng Financial Consulting Co, Ltd. in 1999 and serves as the President and Chairman of the Board. Mr. Luo has extensive venture capital experience and has held executive management positions with the following Chinese venture capital firms: IER Venture Capital Co, Ltd, Shenzhen Yanning Development Co, Ltd, Shenzhen Anxing Financial Consulting Co, Ltd and Shenzhen Anxing Investing Co, Ltd. Mr. Fei Luo received his Master's degree in Economics from Peking University in 1999 and his Bachelor's degree in Economics from Peking University in 1988.

Xiaoyin Luo, Director:
Ms. Luo serves as Director & General Manager of Hutchison Harbour Ring China, a subsidiary of Hutchison Whampoa Limited (HWL) and exclusive licensing agent for Warner Brothers Consumer Product Division (WBCP) in China.

Ms. Luo has extensive experience in operations management, retail network and distribution channel construction, and sub-licensee development. Ms. Xiaoyin Luo holds a Master's of Economics degree and an EMBA degree from China Europe International Business School.

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