On December 19, 2014 Aoxing Pharmaceutical Company, Inc.'s Board of Directors appointed Hui Shao to serve as a member of the Board of Directors, effective on January 1, 2015. Most recently, Dr. Shao has been employed, since 2010, as Chief Financial Officer of Yisheng Biopharma, . Effective on December 31, 2014 Zhimin Li has submitted his resignation from the Board of Directors.

On December 19, 2014 the company's Board of Directors appointed Wilfred Chow to serve as its Chief Financial Officer and Corporate Secretary, effective on January 1, 2015. Guoan Zhang, who had been serving as Interim CFO, will remain with the company as Senior Vice President for Finance. Wilfred Chow was employed from 2012 to 2014 as Managing Director of Okeanos Capital Investment.