Retailing, Franchising, and Consumerism Business Intelligence in China

NextMart Appoints Two New Members Board

NextMart, a China-based women's apparel enterprise, has appointed two new members to its board of directors.

The company has appointed Tao Kan to serve as a director. Tao has nearly 30 years of corporate experience in China's business sectors and since 2004 he has served as the managing director of Shanghai North Huaqing Industrial Construction Development.

The company has also appointed Bryan Li, a vice president at Morgen Evan Redrock, a Beijing-based private investment bank and financial advisory firm, to serve as an executive director of the company. Li brings to the company strong financial and corporate experience, having worked on several global business and financing transactions during his career.

The appointments of both directors are effective immediately. In conjunction with the two new appointments, the company has announced the resignations of present directors Walter Beach and Yu Bing.

NextMart aims to develop China's largest shopping community for wholesale distribution and retail shopping, primarily in the areas of women's fashion and apparel. The company has core business operations in apparel fashion design, production, sourcing and wholesale distribution in China and internationally. It has supporting operations in electronic parts and components distribution.

Since April 2007, NextMart has centered its operations around William's Brand Apparel Co. Ltd, its Shanghai-based apparel subsidiary.

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