A Shotgun Wedding?
http://www.nyse.com/press/1300963610692.html
http://www.nyse.com/press/1300963610893.html
CRAP..............What's going on?
Maybe it had to do something with their 8-K
Conflict of interest???????
Form 8-K for CHINA INTELLIGENT LIGHTING & ELECTRONICS, INC.
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4-Mar-2011
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On March 1, 2011, Su Yang resigned as a director of China Intelligent Lighting and Electronics, Inc. (the "Company"), including Su Yang's positions on the Company's Audit Committee, Compensation Committee and Nominating Committee, effective immediately. Su Yang's resignation was for personal reasons and was not due to any disagreement with the Company. On March 1, 2011, the Company's board of directors (the "Board") appointed Ruxiang Niu to serve as an independent director of the Company. The Board determined that Ruxiang Niu is independent in accordance with the applicable rules of the NYSE Amex LLC. The Board also appointed Ruxiang Niu as a member of the Company's Audit Committee, as Chair to the Company's Compensation Committee and as a member of the Company's Nominating Committee.
Ruxiang Niu, age 48, served as a director of NIVS IntelliMedia Technology Group, Inc. from December 2008 to April 2010. From January 2007 to October 2008, Mr. Niu served as the Vice General Manager of Shanghai Pudong Real Estate Trust Investment Company Limited, a real estate investment company, and was responsible for real estate investments. From December 2005 to December 2006, Mr. Niu served as the Chief Executive Officer of Beijing Bangsheng Investment Company Limited, a financial investment company, and was responsible for investments, mergers and acquisitions and company financing, and also served as the Chief Capital Consultant of Shirong (Shenzhen) International Financial Group, a financial investment company, and was responsible for investments, mergers and acquisitions and company financing. From March 2003 to Novemb er 2005, Mr. Niu served as the Chief Executive Officer of Beijing Dovon Net Company Limited, a financial investment company, and was responsible for financing and investment communications. From March 2000 to December 2002, Mr. Niu served as the Assistant to the Chief Executive Officer of Shidean (Shenzhen) Technologies Company Limited, an electronic intelligent security company, and was responsible for managing the company's Electronic Research Center and building intelligent electronic systems. From September 1999 to July 2000, Mr. Niu served as an Associate Professor at Macau University. From March 1995 to August 1996, Mr. Niu served as the Vice General Manager of China Golden Net Investment Company Limited, a financial investment company, and was responsible for website operation and investment. Mr. Niu received a PhD in international finance from the Hong Kong Polytechnic University in 2008.
There are no arrangements or understandings between Mr. Niu and any other persons pursuant to which Mr. Niu was selected as a director. Mr. Niu has not been a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K.
POSITION: Both Long, so don't let me down!!!!!!!!!!!!!
Thursday, March 24, 2011
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