Orchid Pavilion Announces Appointment of Lu Bin as new chief financial officer

Absrtact: April 29, the Orchid Pavilion has announced the appointment of Lu Bin (Robin Lu) as the new chief financial officer to replace Richard Xue's position. The latter had been separated from this February. Lu Bin will be on arrival in late May 2014. Orchid Pavilion Set potential CEO Guo went to disease said, very happy Lu Bin can

April 29 News, Orchid Pavilion has announced the appointment of Lu Bin (Robin Lu) as the new chief financial officer, to replace the position of Richard Xue. The latter had been separated from this February. Lu Bin will be on arrival in late May 2014.

Orchid Pavilion Set potential CEO Guo to disease said, very happy Lu Bin can join, he will bring to orchid pavilion set potential rich financial and operational balance experience, hope and he will be together with the Orchid Pavilion set up into a cross-border electric business company.

Lu Bin has 18 years of experience in investment management and was the chief financial officer of A8 Music. Orchid Pavilion also announced that James Wang and Todd Li joined the Pavilion as senior vice president. James Wang is primarily responsible for leading the company's global fashion platform, while Todd Li is responsible for leading the company's trinkets, home and gardening retail business.

Before joining the pavilion, James Wang worked in Ports Analysys (a luxury clothing brand) for 24 years as a senior executive position. Todd Li previously worked in a number of well-known international retail businesses, including incrementally city, WILLIAM-SONOMA, Gymboree and Lane Bryant, and held senior management positions.

While announcing the new appointment, one of the founders of the Orchid Pavilion and senior Vice president Mike Liu and the company's chief technology officer, Dr. Liang Lu resigned for personal reasons, effective May 12, 2014. It also means that 3 senior executives have left in the first half of the year.

According to the earnings, the net revenue of the pavilion in the fourth quarter of 2013 was 78.8 million U.S. dollars, an increase of 21.6%, net loss of 5.6 million U.S. dollars, a year earlier net profit of 1.1 million U.S. dollars, this is the Orchid Pavilion set potential for the second consecutive quarterly losses.

The current Orchid Pavilion stock price of 4.96 U.S. dollars, the market value of only 243 million U.S. dollars, far from the peak period.