Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - China Carbon Graphite Group, Inc. | f8k102809_chinacarb.htm |
| EX-3.1 - AMENDED AND RESTATED BYLAWS - China Carbon Graphite Group, Inc. | f8k102809ex3i_chinacarb.htm |
| EX-14.1 - CODE OF CONDUCT AND WHISTLEBLOWER POLICY - China Carbon Graphite Group, Inc. | f8k102809ex14i_chinacarb.htm |
| EX-99.2 - AGREEMENT BY AND BETWEEN CHINA CARBON GRAPHITE GROUP, INC. AND JOHN CHEN - China Carbon Graphite Group, Inc. | f8k102809ex99ii_chinacarb.htm |
| EX-99.1 - AGREEMENT BY AND BETWEEN CHINA CARBON GRAPHITE GROUP, INC. AND YIZHAO ZHANG - China Carbon Graphite Group, Inc. | f8k102809ex99i_chinacarb.htm |
Exhibit 99.3
China
Carbon Elects John Chen and Philip Yizhao Zhang as Directors
Press Release
Source:
China Carbon Graphite Group, Inc.
On 9:30
am EST, Monday November 2, 2009
NEW YORK,
Nov. 2, 2009 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. ("China
Carbon" or the "Company") (OTCBB:CHGI - News), one of China's
leading non-state-owned producers and wholesale suppliers of fine grain and high
purity graphite, announced today it has elected John Chen, chief financial
officer of General Steel Holdings, Inc. and Philip Yizhao Zhang, chief financial
officer of Universal Travel Group, as directors. With the election of Mr. Chen
and Mr. Zhang, China Carbon now has a majority of independent directors. China
Carbon also created audit, compensation and corporate governance/nominating
committees. Mr. Chen and Mr. Zhang, along with Hongbo Liu, who is also an
independent director, will serve as members of each of the committees, with Mr.
Zhang serving as chairman of the audit committee, Mr. Chen as chairman of the
compensation committee and Mr. Liu as chairman of the corporate
governance/nominating committee.
Mr. John
Chen joined General Steel Holdings (NYSE:GSI - News) in May of 2004
and serves as its chief financial officer and also as a director. From August
1997 to July 2003, Mr. Chen was senior accountant at Moore Stephens, Wurth,
Frazer and Torbet, LLP, Los Angeles, California, USA. He graduated from Norman
Bethune University of Medical Science, Changchun City, Jilin Province, China in
1992. He received B.S. degree in accounting from California State Polytechnic
University, Pomona, California in 1997.
Mr.
Philip Yizhao Zhang is the chief financial officer of Universal Travel Group
(NYSE:UTA -
News). He has
over 13 years of experience in portfolio investment, corporate finance, and
accounting. Previously he held senior positions in Energroup Holdings
Corporation, Shengtai Pharmaceutical Inc., China Natural Resources
Incorporation, and Chinawe Asset Management Corporation. Mr. Zhang also had
experiences in portfolio management and asset trading in Guangdong South
Financial Services Corporation from 1993 to 1999.
Mr. Zhang
is a certified public accountant of Delaware, and a member of the American
Institute of Certified Public Accountants (AICPA). He received a bachelor's
degree in Economics from Fudan University, Shanghai in 1992 and obtained an MBA
degree with Financial Analysis and Accounting concentrations from the State
University of New York, University at Buffalo in 2003. Currently, Mr. Yizhao
Zhang is a director of China Green Agriculture, Inc., and China Education
Alliance, Inc., respectively. Both of them are NYSE Amex-listed companies. He is
also a director of Kaisa Group Holdings Ltd, one of the biggest property
developers in China.
"We are
very pleased to add these two highly qualified individuals to our board of
directors," stated Mr. Donghai Yu, CEO of China Carbon Graphite Group. "The
addition of Mr. Chen and Mr. Zhang to China Carbon's board will significantly
improve corporate governance and move us closer to our goal of an eventual
upgrade to a senior exchange such as AMEX or NASDAQ as it fulfills our
requirement of an independent board."
About
China Carbon Graphite Group, Inc.
China
Carbon, through its affiliate, Xingyong Carbon Co., Ltd., manufactures carbon
and graphite based products in China. The company is the largest wholesale
supplier of fine grain and high purity graphite in China. Fine grain graphite is
widely used in smelting for colored metals and rare earth metal smelting as well
as the manufacture of molds. High purity graphite is used in metallurgy,
mechanical industry, aviation, electronic, atomic energy, chemical industry,
food industry and a variety of other fields. In September 2007, the company was
approved and designated by Ministry of Science & Technology as a "National
Hi-tech Enterprise." Of the 400 plus carbon graphite producers in China, China
Carbon is the only non-state-owned company to receive this honor. For more
information, visit http://www.chinacarboninc.com.
Information on the Company's website or any other website does not constitute a
portion of this press release.
Safe
Harbor Statement
This
release contains certain "forward-looking statements" relating to the business
of the Company and its subsidiary companies. These forward looking statements
are often identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. Such forward looking statements
involve known and unknown risks and uncertainties that may cause actual results
to be materially different from those described herein as anticipated, believed,
estimated or expected. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's annual, quarterly and
periodic reports and other material that is filed with the Securities and
Exchange Commission and is available on its website www.sec.gov. All
forward-looking statements attributable to the Company or to persons acting on
its behalf are expressly qualified in their entirety by these factors other than
as required under the securities laws. The Company does not assume a duty to
update these forward-looking statements.
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Contact:
Capital
Group Communications
Investor
Relations:
Kevin
Fickle
415-332-7200
kevin@capitalgc.com
Mark
Bernhard
415-332-7200
mark@capitalgc.com
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