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File: Kaiyue - News Release Announcingnew audit committee member and grant of stock options (May 2013).DOC
KAIYUE INTERNATIONAL INC. c/o 150 6 Avenue Southwest Calgary, Alberta T2P 3Y6
NEWS RELEASE
May 24, 2013
KAIYUE INTERNATIONAL ANNOUNCES NEW CHIEF FINANCIAL OFFICER, NEW AUDIT COMMITTEE MEMBER AND GRANT OF STOCK OPTIONS
Kaiyue International Inc. (the "Company") (TSX-V: KYU) announces that Judyanna Chen has resigned as the Chief Financia
--->l Officer and a member of the Audit Committee of the Company. The Company has appointed Jin Kuang as the Chief Financ
--->ial Officer in place of Judyanna Chen. The Company appointed Hilda Sung to the audit committee in place of Judyanna C
--->hen. The audit committee now consists of Hilda Sung, George Dorin and Bradley Cran).
The Company also announces that it has granted an aggregate of 250,000 stock options to its directors and officers. E
--->ach option is exercisable at $0.13 per common share and is exercisable for a period of five years from the date of gra
--->nt. All of the options will vest over a four year period, with 25% vesting on the first anniversary of the date of gr
--->ant and 25% vesting annually thereafter, and are exercisable in accordance with the terms of the Company's Stock Optio
--->n Plan
On behalf of the board of directors of KAIYUE INTERNATIONAL INC. Hilda Sung President, Chief Executive Officer and D
--->irector
For further information, please contact:
Hilda Sung Telephone: 011-86-138-0223-2278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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