China HGS Enhances Corporate Governance

by PR Newswire, January 27, 2010.

HANZHONG, China, Jan. 27 /PR Newswire-Asia-FirstCall/ — China HGS Real Estate Inc. (OTC Bulletin Board: CAHS) (“China HGS” or “the Company”), a leading residential property developer in Hanzhong, China, today announced that on January 22, 2010, the Board of Directors (the “Board”) of China HGS adopted charters for the creation and governance of an Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

The Board elected Mr. H. David Sherman as the chairman of the Audit Committee, Mr. Yuankai Wen as the chairman of the Compensation Committee, and Mr. Gordon H. Silver as the Chairman of the Nominating and Corporate Governance Committee.

“We continue to seek ways to best serve our shareholders through excellence in corporate governance,” said Mr. Xiaojun Zhu, Chairman and Chief Executive Officer of China HGS…(continue reading)

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