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Mr. Weiqiu Li was appointed Chief Executive Officer of the Company on August 17, 2006. Mr. Li, age 46, was Chairman of Oceanic International Company Limited, the Company's subsidiary, since 2003. Since 1998 Mr. Li has been the Chairman and Chief Executive Officer at Zhongshan City Wei He Electronics Manufacturing Company Limited. Concurrently, he served as Vice President for Zhong Shan West District Chamber of Commerce. From 1997 to 1985, Mr. Li has held the positions as Engineer and Plant Manager for Zhong Shan Harbor Fan Production Company, where he received number of awards for his excellent technical and management skills as well as awards for his product designs. Prior to that, he served Zhong Shan Harbor Boatyard for 5 years. Mr. Li received an Economic Management Major from Guangdong Radio & TV University, and has studied Automation Control with South China University of Technology from 1993 to 1995. With more than 20 years in the field, Mr. Li possesses experiences in product design, research and development, production, management, international trade negotiations discussion and business relations.
Mr. Li does not hold any directorships with reporting companies in the United States. There are no family relationships between Mr. Li and the directors, or executive officers, of the Company. During the last two years, there have been no transactions, or proposed transactions, to which the Company was or is to be a party, in which Mr. Li (or any member of his immediate family) had or is to have a direct or indirect material interest.
There are no employment agreements between the Company and Mr. Li | 