Yuxinlong International Ltd.
Yuxinlong International Ltd.: Yuxinlong announces appointment to Board of Directors
Yuxinlong International Ltd. / Key word(s): Change of Personnel/Miscellaneous 16.03.2012 / 10:00 --------------------------------------------------------------------- Yuxinlong announces appointment to Board of Directors March 16 2012 The Board of Directors of Yuxinlong International Limited ('YIL') wishes to announce that Mr. Dan Lu has agreed to accept a seat on the YIL board. 'We are very pleased and excited to have Mr. Lu on our Board of Directors. Mr. Lu, who also functions as a Director of CYTS Hotels & Property Management Inc ('CYTS'), will assist our company with establishing a niche in the area of tourism development. It is our intention to expand the company focus from traditional residential and commercial development, and expand into the high growth development of tourist attractions and tourism projects,' commented Mr. Wang Ying Chun, CEO of YIL. Due to the prosperity and incredible growth of the past decade, Chinese citizens have continued to accumulate personal wealth. Travel and tourism is a primary focus for consumer demand. In the past few years, tourism has become a high growth consumer industry inside China, reporting a compounded growth rate of over 30% per year. CYTS is a state owned enterprise formed to develop tourist attractions in China in order to accommodate the explosion in Chinese tourism. 'A tremendous opportunity is unfolding due to the cooperation between CYTS and Yuxinlong. ' Mr. Wang Ying Chun added. 'Yuxinlong will be the primary developer of the Water City Project in the Cao Fei Lake region, which is a multi-billion dollar project that will transform the harbor city into the backyard playground of Beijing. Our company is also in line to develop future projects near Shanghai, and in Yunnan and GuangXi , which are designated as future five-star tourist destinations. The demand for hotels, condos, and luxury housing will propel our future growth for the next few decades. And Mr. Dan Lu will play a vital role in positioning both CYTS and Yuxinlong to take advantage of opportunities presented by this new era of prosperity.' About Yuxinlong International Limited Yuxinlong International Limited was founded in 2007. The Company acts as the holding company for the largest real estate developer in the Tanghai district in China. Due to the construction of the world's largest harbour, the district is regarded as China's upcoming economic development area. The 79 member management team currently oversees 2.000 skilled workers in its construction and development projects. The Company is listed at the Open Market segment of the Frankfurt Stock Exchange (ISIN CA98871V1013 / Ticker YL0). In 2011, the Company reached sales of approximately US$73 million. End of Corporate News --------------------------------------------------------------------- 16.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 160918 16.03.2012
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