Orchid Pavilion Announces appointment of Xiaoping as independent director

Absrtact: Beijing time June 5 afternoon news, Orchid Pavilion collection potential announced today, the company has appointed Xiaoping as an independent director, June 4 formally entered into force. Xiaoping will also take over the yuan wild, as the Orchid Pavilion Collection potential Board of Directors Audit Committee members. Due to the number of board members of the law

Beijing time June 5 afternoon news, Orchid Pavilion set today announced that the company has appointed Xiaoping as an independent director, June 4 formally entered into force.

Xiaoping will also take over the yuan wild, as the Orchid Pavilion Collection potential Board of Directors Audit Committee members. Due to the legal limit of the number of board members, the founder and executive vice president of Orchid Pavilion has withdrawn from the board on June 4. Wen Xin holds about 9% stake in the Orchid Pavilion.

Xiaoping 2011 participated in the establishment of the foundation, engaged in science and technology, media, communications, the field of wind investment activities. Xiaoping is also co-founder of the New Oriental Group.

Orchid Pavilion Set Potential June 6, 2013 on the NYSE listed trading, the first day opening price of 11.16 U.S. dollars, compared to the issue price of 9.5 U.S. dollars rose 17.4%. Orchid Pavilion Set potential trading code for "LITB", IPO financing amount of about 78.85 million U.S. dollars.