Shanghai Fosun Pharmaceutical (Group) Co., Ltd. announced that Mr. Yao Fang, an executive director of the company, has been appointed as co-chairman with effect from January 3, 2017 for a term until the expiry of the term of the seventh session of the Board. Mr. Yao Fang, aged 47, is the company's executive Director and Co-Chairman. Mr. Yao joined the Group in April 2010 and was appointed as a Director on 9 June 2010. Mr. Yao is also a director of various subsidiaries of the company.