Item 5.02 Departure of Directors or Certain officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 22, 2015, SkyPeople Fruit Juice, Inc., a Florida corporation (the
"Company") received a resignation letter from Mr. Oliver Xin Ma, Chief Financial
Officer of the Company, effective immediately. Mr. Ma indicated that his
resignation is for personal reasons.
On November 27, 2015, the Board of Directors of the Company (the "Board")
appointed Mr. Hanjun Zheng, age 43, as interim Chief Financial Officer ("CFO")
of the Company, effective November 27, 2015.
Since December, 2009, Mr. Zheng has been serving as the Chief Financial Officer
of SkyPeople Juice Group Co., Ltd. a company organized under the laws of China
and a 99.78% indirectly-owned subsidiary of the Company. Mr. Zheng was the
deputy general manager at Jingyang Branch of SkyPeople Juice Group Co., Ltd.
from March, 2006 to November 2009. From May, 1994 to February, 2006, Mr. Zheng
was the Financial Accounting Manager at Shaanxi Provincial Fruit Juice
Processing Factory, a state-owned enterprise in Shaanxi, China.
Mr. Zheng earned his bachelor degree in accounting by passing Chinese National
Self-Examination in Financial Accounting in 1996. Mr. Zheng graduated from
Shaanxi Technical College of Finance and Economics and received his junior
college degree in Financial Accounting in 1994. Mr. Zheng received additional
training in Advanced Business Management and Advanced Financial and Accounting
Management at Jiaotong University in March, 2011 and July, 2012 , respectively.
Mr. Zheng currently receives compensation of RMB 6,000 (approximately $960) per
month from SkyPeople Juice Group Co., Ltd. and he will not receive any
additional compensation from the Company in his new role of the interim CFO.
Mr. Zheng was not selected pursuant to any arrangement or understanding between
him and any other person. There are no family relationships between Mr. Zheng
and any of the directors and executive officers of the Company.
© Edgar Online, source Glimpses