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Our Board of Directors and management team are consisted of accomplished professionals who are able to grasp the intricacies of China's financial landscape and have proven experience in structuring East-West business relationship.
* Xinhua Finance was incorporated in January 2004 under the Companies Law to be the holding company of Xinhua Financial Network (XFN). Through a share exchange transaction completed in March 2004, all of the shares of XFN were transferred to the Company and in return the Company issued to the shareholders of XFN an equivalent number of the Company's shares. As a result, the Company became the sole shareholder of XFN and the previous shareholders of XFN became the shareholders of the Company.