On August 08, 2011, the Board of Directors (the
“
Board
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) of the Hong Kong Winalite Group, Inc (the “Company”) appointed Dr. Sean Liu, age 44, to serve as the Company’s Chief Executive Officer, effective immediately. Dr. Liu entered into an employment agreement with the Company on the same date, under which he will be compensated with an annual base salary in an amount which shall initially be $ 100,000 per annum, as well as other full benefits and original stock shares and/or stock options assigned by the Company as other members of the management team.
Dr. Liu has abundant industry experiences as a founder, board member, consultant and member of the management and the business community, especially in company management, strategic planning, marketing strategy, mergers and acquisitions, and fund raising. He has been able to strengthen the company’s financial structure and team through collaborative efforts leading to major operating improvements from raising capital to market strategies. Before he joined the Company, he was the Executive President of Winforall, Inc. and the Executive Vice President of Hongmeng Network and Technology, Inc., the leading cloud computing company in China in charge of the daily operation and business development in the US and China (2011). He also served as the Co-Founder and President of a LED company, Xenergy, Inc. (2007) and a few pharmaceutical companies, including L2 Therapeutic Associates, LLC. (2010) and Daromar Eye Products, LLC. (2010), as well as the Executive Board Member of Team Concept Development Services, Inc. (2011). In addition, he is holding the position of Chief Consultant of Asian Practice or Managing Director in local attorney and Investor Relations firms including TroyGould Attorneys, Maier and etc. He is an expert not only in reestablishing investor relations creditability, improving bank relations, raising capital, coordinating spin offs, performing due diligence reviews, negotiating numerous divestitures, but also in filing different reports and documents to SEC.
Dr. Liu has a medical background with both Master and Doctor Degrees from UCLA after he left a faculty position in School of Medicine of Fudan University from China. He has conducted more than 24 years of biomedical research, published a few books and dozens of papers in top scientific journals, and received numerous awards as Principal Investigator. He was named a life-time Honorary Faculty Member of Chinese Scholars Association (CSA) in 2009.
Dr. Liu owns an outstanding leadership and tremendous organizational skills. He served Chinese American communities as President of Chinese Students and Scholars Association of Southwest United States (SW-CSSA), the largest Chinese Students and Scholars Association in the US, President of Chinese Students and Scholars Association at UCLA (CSSA-UCLA) and Vice Chairman of Roundtable of Southern California Chinese-American Organizations (ROSCCAO).
By executing the employment agreement with the Company, Dr. Liu has agreed not to engage in the conduct of any business other than the Company’s business without the Company’s prior written consent. In addition, Dr. Liu has agreed not to: (i) associate in the business of the Company’s distributors; (ii) hold multi-level marketing distributorship with the Company; or (iii) act as an advisor for any other multi-level marketing companies. A copy of Dr. Liu’s employment agreement with the Company is attached hereto, and incorporated by reference into this Current Report on Form 8-K.