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8-K - 8-K - Biostar Pharmaceuticals, Inc. | biostar8k121317.htm |
Exhibit 17.1
BY EMAIL ONLY
Flat A, 20/F
Yun Kai Building
466-472 Nathan Road
Kowloon
Hong Kong
gcas@netvigator.com
12 December 2017
Biostar Pharmaceuticals, Inc.
No. 588 Shiji Xi Avenue
Xianyang City, Shaanxi Province
People's Republic of China 712046
wrhaoxing@vip.163.com
Attn: The board of directors
Dear Sir/Madam
Re: Resignation as Independent Director
I, LEUNG King Fai hereby tender my resignation as an independent director of Biostar Pharmaceuticals, Inc. (the "BSPM") with effect from 12 December 2017 because my director's fee from 1 January 2014 to present has not been paid.
I repeatedly requested BSPM's management to pay my accrued director's fee many times. Up to this moment, BSPM is still unable to pay my accrued director's fee notwithstanding the significant cash inflows from fund raising activities and the huge amount of repayments from accounts receivable.
PLEASE SETTLE MY DIRECTOR'S FEE IMMEDIATELY.
Yours faithfully
LEUNG King Fai