Chinese women's wear retailer OmniaLuo has announced the resignation of Michelle Liu as its CFO and the appointment of David Wang as her replacement.

Wang has more than 15 years experience in accounting, finance and investment banking and jons from Maxyee Group, an international company focused on real estate and biological pharmacy.

"The appointment of David Wang as chief financial officer is a critical step towards our Company's future growth and success," said Cindy Luo, chairwoman and CEO.

"Mr. Wang's experience and leadership will be instrumental in achieving a NASDAQ Capital Markets upgrade as well as creating an actively traded and fully valued stock for all OmniaLuo investors."