Attached files
| file | filename |
|---|---|
| 8-K - Fuer International Inc. | v206862_8k.htm |
| EX-99.2 - Fuer International Inc. | v206862_ex99-2.htm |
Fuer
International Announces Appointment of New Directors
Fuer
International Inc. ("Fuer" or the "Company"), a leading Chinese
agricultural material company providing quality hybrid corn seeds, soybean
seeds, rice seeds and fertilizer products to farmers in the northeastern China.,
today announced the appointment of Mr. Zhang Li, age 46, the Company’s
current Chief Executive Officer, and Ms. Liu Yuhua, age 46, as new directors of
the Company, effective December 27, 2010.
“As a
founder of Qiqihar Fuer, Mr. Zhang’s years of service to Fuer and vast
industry expertise uniquely qualify him for this role, his skills will
immediately contribute to the Board’s value and the Company’s operations,"
commented Mr. Cui Xiaowei, Chairman and Director of the Company, “while Ms.
Liu’s experience with Fuer and expertise in administrative management will
strengthen the Company’s management and internal control.”
Mr. Zhang
has been the Company’s Chief Executive Officer since June 2010. Since 2003, Mr.
Zhang has been Chairman of the Board and Chief Executive Officer of Qiqihar Fuer
Agronomy Inc. Mr. Zhang has over 15 years of experience in business management
and the operation of seeds breading and retailing businesses and was the
founder of Qiqihar Fuer Agronomy Inc. Since 2006, Mr. Zhang
has served as deputy of the provincial people’s congress of
Heilongjiang. Mr. Zhang completed his MBA from Tsinghua University in
2007.
Ms. Liu
served as Administrative Supervisor of Fuer Agronomy Inc. from 1995 to
2008. From 1992 to 1995, Ms. Liu served as Financial Supervisor of Fulaerji
Science & Technology Co., Ltd. From 1989 to 1992, Ms. Liu served
as the Head of the Human Resources Department of Fulaerfji Science &
Technology Research Institute. Ms. Liu has 18 years of experience in
financial management. Ms. Liu received her Associate Degree in Enterprise
Management from Heilongjiang Bayi Agricultural University in 1989.
About
Fuer International Inc.
Fuer
International Inc. is a leading Chinese agricultural material company providing
qualified hybrid corn seeds, soybean seeds, rice seeds and fertilizer products
to farmers in Northeastern China, which is the most important agricultural
region in the country. Through its 1,094 distributors and 3,430 outlets, the
Company distributes its products to farmers located in Heilongjiang, Jilin,
Northeast Inner Mongolia and the rest of China. Fuer International procures raw
seeds through exclusive contracts with farmers in Heilongjiang, Jilin, and
Northeast Inner Mongolia. It controls exclusive rights or patents to provide 10
varieties of corn seeds, 19 of soybean seeds and 14 of rice seed that adapt to
different temperature zones and soil conditions in the region. China Golden has
signed contracts with breeding bases of 16,474 acres, with an annual production
capacity of 20 million kilograms and two fertilizer production lines with an
annual production capacity of 50,000 tons. Fuer International has one pending
patent on fertilizer, rights to four seed varieties and over 40 registered
trademarks. For more information, please visit http://www.fuer.com.cn
Safe
Harbor Statement
This
press release contains certain statements that may include forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are based upon management's beliefs, assumptions and
expectations of the Company's future operations and economic performance, taking
into account the information currently available to management. These statements
are not statements of historical fact. Forward-looking statements involve risks
and uncertainties, some of which are not currently known that may cause actual
results, performance or financial condition to be materially different from
the expectations of future results, performance or financial condition expressed
or implied in any forward-looking statements. These forward-looking statements
are based on current plans and expectations and are subject to a number of
uncertainties including, but not limited to, the Company's ability to expand its
Schisandra Tablets sales, ability to manage expansion of its operations
effectively, and other factors detailed in the Company's annual report on Form
10-K and other filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. You are cautioned not to unduly rely on such
forward-looking statements when evaluating the information presented
herein.