Goodbaby International Announces New Board Members
Strengthen Board’s Diversity and Corporate Governance
(22 February 2017, Hong Kong) Goodbaby International Holdings Limited (“Goodbaby International” or the “Company”, SEHK stock code: 1086, together with its subsidiaries, the “Group”), an international, vertically-integrated durable juvenile products company headquartered in China, announces the appointment of Mr. Liu Tongyou as an Executive Director and Mr. Jin Peng as an Independent Non-executive Director with effect from 21 February 2017.
Mr. Liu has over 20 years of experience in corporate finance, legal and business management. He started to support the Group from 1994 and formally joined the Group in 1996. Mr. Liu was appointed as the Group’s Chief Finance Officer in 2010 being responsible for the Group’s finance, internal audit, legal affairs, investor relationship and M&A plus relatively new responsibility, IT matters, he was awarded “Top 10 CFO of the Year 2010 in China” by the Chief Finance Officer magazine. Before he was appointed as the Group’s Chief Finance Officer, he had been the Group’s Vice President and responsible for finance management, internal audit and legal matters of the Group. In his new role as an Executive Director, Mr. Liu will be responsible for direct supervision and management of Group finance, internal audit, IT, legal, investment relationship and M&A, as well as development and implementation of strategy and target for these areas in his direct supervision and management.
As a veteran in the financial industry, Mr. Jin has over 18 years of experience in technology investments, entrepreneurship, financial advisory and corporate management. Prior to his new role at Goodbaby International, Mr. Jin started Emerge Ventures, a venture studio specializing in mostly seed and angel investments and incubating technology startups in 2014.
In order to strengthen the Group’s overall management efficiency and presence, the Board is pleased to also announce that the roles and functions of Executive Director Mr. Wang Haiye will change from his existing role being responsible for the Group’s technology service, quality control, and research and development to drive innovation across the Group’s brands to the new role as Chairman Asia Pacific of Group to be responsible for activating and coordinating the Group’s resources in the region to support development of strategy, standards and process of the Group and its business and implementation of such strategy, standards and process in the region, identifying new business opportunities in the region which are in line with the Group’s strategy, and being ambassador of the Group’s mission and cultural value in the region, with effect from 21 February 2017.
Mr. Song Zhenghuan, Chairman of Goodbaby International said, “It is our pleasure to have Tongyou and Peng on the Board, and congratulate Haiye for his new role in the Group. I am confident that the appointments and change of roles will bring expertise and energy to the Board, enhancing the Board’s strategic insights and supporting the Company’s sustainable development.”