Business
Appointment To The TNPH Board
Appointment To The TNPH Board.
About this update from Tian'an Pharmaceutical Co., Ltd.
[{"type":"text","content":"New Appointment To TNPH BoardTNPH is pleased to announce the appointment of Mr Ngan as President of the Company. Mr Ngan has worked with TNPH since September 2020 as director of TNPH’s Hong Kong subsidiary, JiuDu International Ltd (“JDI”), responsible for running TNPH’s operations in Hong Kong and Mainland China. He represents TNPH as President of the Board of our recently announced proposed investment, Guangxi Sugar Technology Co. Ltd, which he co-founded with the intention of bringing into TNPH once the appropriate licenses and approvals have been received.Mr Ngan is a serial entrepreneur, with experience across a number of business sectors. More recently, he has focused primarily on the monk fruit sector, from cultivation and production, to product development, logistics, distribution, branding and sales. He has built up an extensive network in the industry sector, with government, research labs, distributors, product developers and manufacturers, and other industry participants.Mr Ngan commented: “With the recent economic difficulties in China, we are seeing some interesting opportunities to invest in and acquire businesses at attractive valuations. The recent simplifying of our shareholder structure to a single class of share by conversion of the Preference Shares, and my appointment as President, make it easier for me to approach businesses in China to invest in them using the Company’s shares, taking advantage of the Company’s listing on the US OTC Market.”Simon Littlewood, TNPH Director, said: “I’m delighted to welcome Mr Ngan to the TNPH Board. I’ve been working with Mr Ngan since 2019, looking at numerous opportunities to expand TNPH, especially in the monk fruit related sector where he has built up a strong network to take advantage of the opportunities as monk fruit becomes increasingly commercialized locally and internationally, and receives support from central and local government in China. With the recent proposed investment in Guangxi Sugar, and a number of potential investments that Mr Ngan has identified and is negotiating, the time is right for Mr Ngan to step up to President of the Company.”Please see the attachment for the full text of the announcement, including the Forward Looking Statement notice, which is an integral part of this news release, and should be read in conjunction with this ...