Zuoan Fashion Limited, a casual menswear company in China, has announced that its Chief Financial Officer, Calvin Chi Hon Tsang has resigned from his position, effective immediately, to pursue a career opportunity with a Hong Kong listed company. The Board of Directors has begun the process of searching for a replacement CFO.
The Board of Directors has appointed Dangsheng Chen as Acting CFO until further notice. Chen will assume the responsibilities of CFO in addition to his existing duties as the finance manager.
Chen has been with Zuoan since 2008 and has more than 12 years relevant experience. He has been in charge of Zuoan's accounting and financial operations and has been playing an integral role in our internal control over financial reporting. He has worked closely with Calvin during his tenure as well.
Calvin joined Zuoan in 2009 and has led the team to enhance the standards of the company's financial controls, procedures and reporting and also successfully accomplished several important investment and financial projects for Zuoan, including the compoany's initial public offering on the NYSE.