Home Inns & Hotels Management Appoints Cathy Xiangrong Li as CFO

Proquest LLC

Home Inns & Hotels Management reported the appointment of Cathy Xiangrong Li as chief financial officer of the Company, effective August 25.

May Wu, the Company's chief strategy officer and interim chief financial officer, will remain as chief strategy officer after Li assumes the CFO position, the Company noted in its release.

Li has more than 20 years of business and finance experience in Hong Kong listed and global Fortune 500 companies in retail and consumer products industries. As the chief financial officer of Hengdeli Holdings Limited (3389.HK), a fine watch retailer and wholesaler in Greater China, from 2010 to recently, Li was responsible for the financial planning and analysis, accounting, tax, treasury, investor relations, and information technologies functions. She was also actively involved in other corporate activities including strategic and business planning, supply chain optimization, and performance and incentive management. Prior to joining Hengdeli, Li was the corporate finance director of Unilever Greater China Group from 2007 to 2010. Li joined Unilever in 1993 as a management trainee and held various accounting, finance, and managerial positions in a number of divisions or subsidiaries in China, the United Kingdom, and Singapore between 1993 and 2010.

"We view Ms. Li as a valuable addition to our team given her comprehensive financial and business expertise and experience. We are pleased to bring on board such a high calibre professional as Ms. Li and I expect she will make important contributions to the Company's continued execution of its strategies and plans," said David Sun, the Company's chief executive officer.

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