Yali Xu Resignation Letter as CEO and Director of China Finance, Inc.

Contract Categories: Human Resources › Separation Agreements
Summary

Yali Xu has submitted a formal resignation from the positions of CEO and Director of China Finance, Inc., effective immediately as of October 11, 2004. The resignation letter states that there are no disagreements with the company regarding its operations, policies, or practices, and that Yali Xu has no claims for compensation or fees from the company. This document serves as official notice to the board of directors and shareholders of the company.

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EX-10.8 8 v08150_ex10-8.txt CHINA FINANCE, INC. 57-71 #HIGH-TECH INDUSTRIAL PARK NANSHAN, DISTRICT SHENZHEN, P.R. CHINA 51805 October 11th 2004 RE: Resignation of YALI XU To the Board of Directors and Shareholders: I hereby resign the position as the CEO and Director of China Finance, Inc. (the "Company") effective immediately. Please be advised that my resignation from the Company is not a result of any disagreements with the Company on any matters relating to the Company's operations, policies, or practices. Please also be advised that I have no claim against the Company for compensation for loss of office, fees or disbursements or otherwise whatsoever. Very truly yours, ------------------------------------------- YALI XU