Key Management

Mr Diao Hai Peng is our Vice-President in charge of our Group's sales and marketing activities. Prior to joining our Group in 1996, Mr Diao Hai Peng was a R&D technician with Xuzhou Biochemical Pharamaceutical Co., Ltd from 1988 to 1995. From 1995 to 1996, Mr Diao Hai Peng was a Sales Manager with Hainan Jizhong Medical Technology Development Co., Ltd.. Mr Diao Hai Peng joined Shandong Luye as a sales manager in 1996 and was promoted to Head of International Business in 2000. In 2002, he was further promoted to Vice-President. Mr Diao Hai Peng holds a Bachelor of Science degree from the Xiamen University.

Mr Chong Chin Fan is our Chief Financial Officer. Mr Chong Chin Fan joined our Group in February 2004 and is responsible for all financial and accounting matters of our Group. Prior to joining our Group, Mr Chong Chin Fan was the Group Financial Controller and Company Secretary of the Econ International Group from 1991 to 2004. After graduation in the United Kingdom in 1976 as a Certified Accountant, he worked in London from 1976 to 1978. He then joined KPMG Singapore from 1979 to 1981. In 1981, he joined Wah-Chang International Group, Singapore, as the Group Accountant and later became Group Accounting and Administrative Manager, a position he held until 1991. Mr Chong Chin Fan is a Certified Public Accountant and a Member of The Institute of Certified Public Accountants of Singapore, and is a Fellow Member of The Association of Chartered Certified Accountant of the United Kingdom.

Ms Xue Yun Li is our Vice-President, Research and Development at Shandong Luye. Responsible for the successful development of AsiaPharm's key products, Sodium Aescinate for Injection ("Maitongna") and Sodium Pantoprazole for Injection ("Nuosen"), she has played a decisive role in the modernisation of Traditional Chinese Medicine. Accredited with numerous professional and provincial accolades including the "Shandong Province Scientific Techniques Award "First Grade" and the "Yantai City Professional Technique Prominence Award" from 2003-2005, Ms Xue holds the patent for the new drug "Keweijia" which is used in the treatment of blood potassium deficiency. Prior to joining our Group, Ms Xue was the R&D Section Chief in Shenyang Liao He Pharmaceutical Co.. Ms Xue joined Shandong Luye as the Product Development Manager in 1994 as one of the pioneers of Shandong Luye. She subsequently held various positions such as Project Development Director and Vice-Head of Research and Development of Shandong Luye in her 11 years of exemplary performance with Shandong Luye. After graduating with a degree in Medicinal Chemistry from Jiamusi University in 1988, Ms Xue continued with her post-graduate education, and obtained her Masters in Business Administration from University of Greenwich in 2002.

Mr Fan Zhi Cheng is our Chief Engineer at Shandong Luye and is responsible for the drafting, construction and maintenance of our Group's new and existing GMP standard production lines and facilities in Shandong and Nanjing. Mr Fan has in-depth understanding of the engineering and operational requirements of pharmaceutical companies, which he garnered from over 25 years of operational experience in the pharmaceutical industry. Prior to joining the Group in 1997, Mr Fan was Deputy Chief Engineer at Hohhot Specialty Medicines Company From 1982 to 1995. From 1995 to 1997, Mr Fan Zhi Cheng was Chief Engineer at China National Pharmaceutical Industry Corporation and as General Manager in its subsidiaries. Mr Fan joined us as Engineer in 1997 before being promoted to Chief Engineer. Mr Fan holds a Bachelor of Science degree in Pharmaceutical Chemistry from the Shenyang Medical Institute.

Mr Li Shi Xu is our Senior Director of Manufacturing, and is responsible for the supervision of our manufacturing and warehousing operations at Shandong Luye. Prior to joining our Group in 1994, Mr Li was a Sales Executive at Yantai Traditional Chinese Medicine Station. Mr Li is a certified pharmacist and joined Shandong Luye in 1994 as an operation staff. Through his exemplary performance, Mr Li progressed on to hold various key appointments within our Group including Production Manager, Product Quality Controller and now heads our Manufacturing department as Senior Director of Manufacturing. Mr Li Shi Xu holds a degree in Traditional Chinese Medicine from the Chinese Pharmaceutical University.

Dr. Li You Xin is our Vice-President in charge of group research and development center. Prior to his appointment in AsiaPharm, from year 1998, Dr. Li You Xin served as the Scientific Director, Senior Scientist and Head of Polymer Chemistry and Parenteral Delivery System at Schwarz Pharma AG. Dr. Li You Xin was also the Senior Scientist at Hoechst AG/Aventis responsible for researching and developing Polymer Chemistry and Drug Delivery Systems from year 1994 to year 1998.

After obtaining his PH.D.S degree in Chemistry from Beijing University in 1988, Dr. Li You Xin joined the PRC Institute of Chemistry Chinese Academy of Sciences, and later moved on to the Institute of Polymer and Institute of pharmaceutics and Biopharmacy, Philipps University in 1991; to conduct advanced research in polymer chemistry and parenteral delivery system with funding from the Alexander von Humboldt Foundation. To-date, Dr. Li You Xin has published over 50 papers in biomaterials, drug delivery and gene transfection.