Appointment of Director
Sydney, Dec 11, 2017 AEST (ABN Newswire) - Tianmei Beverage Group Corporation Limited (ASX:TB8) (Company) is pleased to advise that Mr Dong Xie was appointed as Non-Executive Director and Chairman of the Company. Mr Xie has more than 20 years' experience in investments and funds management. He was appointed as the Assistant President of China Construction Bank (Hong Kong Branch); General Manager of Investment Bank Department of China Cinda Asset Management Co. Ltd; Director of AIMS Financial Group; Deputy Manager of China Construction Bank International Finance Co. Ltd; and Director of Online Banking International in Hong Kong. During his tenure in Hong Kong, Mr Xie has also participated in numerous high-profile capital raising transactions involving ASX, Nasdaq and Hong Kong listed companies.
At present, Mr Xie is a researcher for the Asia Pacific Financial Innovation Institute, Vice-President of the Australian Chinese Investment Association, a member of the Australian Chinese Finance Organisation and a member of the Australian Actuaries Association.
The Company welcomes Mr Xie as a director and looks forward to the excellent skills he will bring to the Company as a member of the Board.
About Tianmei Beverage Group Corporation Limited
Tianmei Beverage Group Corporation Limited (ASX:TB8) provides promotional services to producers of FMCG goods as well as its own water products in the Guangdong province in China. Guangdong province is one of China's most developed provinces with a gross domestic product of US$1.1 trillion in 2014 and has as its capital, Guangzhou city, which is China's third largest city with a population of approximately 13 million people.
Tianmei have contracts with over 940 terminal supermarkets and convenience stores in Guangdong. Through this network of stores, the Company promotes fast moving consumer goods, including food, beverage and general grocery products for over 65 FMCG suppliers.
The Company's water products business focuses on the sale of Tianmei-branded water products, including bottled water, infant water and water dispensers through a network of over 500 retail outlets. The Company have a number of patents approved and pending surrounding it's water products and production equipment.