SHISHI, China — January 25, 2018 — KBS Fashion Group Ltd., a vertically-integrated casual menswear company based in China, today announced that due to personal reasons, Xiaowen Zheng has tendered his resignations as CEO, president and director of the company. As a result of Zheng’s resignation, the Board of Directors reduced the size of the board to seven. Keyan Yan, chairman of KBS, was appointed by the Board as the company’s CEO and president, effective immediately. Zheng’s resignation was not a result of any disagreement or dispute with the company or its management regarding any matters relating to operations, policies or practices of the company.
Yan, chairman and new CEO of KBS, commented, “I would like to sincerely thank Xiaowen for his expertise and dedication to the Company during his tenure and we wish him every success in his future endeavors.”
Headquartered in Shishi, China, KBS Fashion Group, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 50 KBS branded stores (as of June 30, 2017) and over a number of multi-brand stores.
Posted January 25, 2018
Source: KBS Fashion Group