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Concord Medical Services Holdings Limited today announced the resignation of Mr. Shang Yan Chuang as director of the Company. Mr. Chuang submitted his resignation to the Board for personal reasons.

In addition, Concord Medical’s board of directors has accepted Mr. Chuang’s resignation and appointed Mr. Qing Pan as a director of the Company, effective from November 29, 2019.

Mr. Qing Pan is the CFO of Noah Holdings Limited (“Noah”). As a veteran in the investment and finance community, Mr. Pan spent 17 years with Deloitte as an audit partner before joining Noah. He was also a former member of the accounting research division at Deloitte’s headquarter in the US. He led several Chinese companies’ US listings across various industries. Mr. Pan received an MBA and a master’s degree in science from Northeastern University in Boston, U.S., in 1999. Mr. Pan is certified in public accounting in the U.S., mainland China, and Hong Kong.

Dr. Jianyu Yang, Chairman and CEO, commented, “We are very pleased to welcome Mr. Pan to the Board. Mr. Pan’s experience will be invaluable to our growth and we believe he will make significant contributions to the Company. I would also like to express my gratitude to Mr. Chuang for his contributions to the Company over the past years. He has contributed to our development and we wish him success in the future endeavors.”

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