Buffalo, New York 9/29/2009 9:10:00 AM
News / Business

China Health Care (OTCBB: CHCC) Welcomes Senior Management

China Health Care Corporation (OTCBB: CNHL) is pleased to announce the appointment of China seasoned healthcare veteran team of Dr. Kenneth K. Lee as the Chief Executive Officer and Doctor Cheng Xiu-Sheng as Executive Chairman to spearhead the growth of the USA publicly traded organization into a national network of Women Specialty Hospitals, Satellite Health Centers and VIP Maternity & GYN Centers in China. Dr. Lee takes over from Mr. Faith Lam, Acting CEO, who will remain as the Director of Accounting & Procurement and Acting CFO to the organization effective immediately.

 

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"The Board is extremely pleased that we have someone of Dr. Lee's and Doctor Cheng's expertise and Greater China experiences to return to the company and champion the growth of our organization. Both of them are very familiar with CHCC's China focused core competencies so they can get off the ground running. This team exemplifies the international standard and Chinese characteristic competitive advantages CHCC relies on and translates into financial success. We are confident that they will improve shareholder values of this Company over time. The Board also wishes to thank Mr. Lam for his previous service and continuous contribution to the Company." "China, the World's third largest economy, continues to grow at an amazing 9% in 2008 despite the global financial challenge. In March 2009, China's State Council announced an allocation of $124 billion toward Chinese healthcare reform. This is an exciting time for an international standard healthcare company with a successful operating record in China such as CHCC to reap the benefits of our years of investment. Mr. Cheng and I look forward to building upon CHCC's successful VIP Maternity & GYN Center business model and raise to the next level of success with our equity owned Women's Specialty Hospital Network supported by Satellite Health Centers. We appreciate your confidence in us and we look forward to your continuous support."

 

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