Tianli Agritech CEO Hanying Li Resigns

(RTTNews) - Tianli Agritech Inc. (OINK), a producer of breeder hogs, market hogs and black hogs headquartered in Wuhan City, China, announced that, due to personal health-related reasons, Hanying Li has resigned as Chairwoman and Chief Executive Officer, effective March 27, 2014. Li will remain with Tianli as a member of the Board of Directors.

On March 28, 2014, the Nominating Committee recommended, and the Board of Directors approved, the appointment of Ping Wang as a Director, the Chairman of the Board, and Chief Executive Officer of Tianli. Wang currently serves as Chairman of Aoxin Holdings Co., Ltd. Wang owns 3 million shares of Tianli's common stock acquired in a private placement consummated last week, representing approximately 17.7% of outstanding common shares as of today.