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8-K - SHARING ECONOMY INTERNATIONAL INC. | v207385_8k.htm |
EX-99.1 - SHARING ECONOMY INTERNATIONAL INC. | v207385_ex99-1.htm |
China
Wind Systems Appoints New Chief Financial Officer and Controller
Press Release Source: China
Wind Systems, Inc. On Tuesday January 4, 2011, 10:00 am EST
WUXI,
China, Jan. 4, 2011 /PRNewswire-Asia/ — China Wind Systems, Inc. (Nasdaq: CWS), ("China Wind
Systems" or the "Company"), a leading supplier of forged products and industrial
equipment to the wind power and other industries in China, today announced that
the Company has appointed Mr. Fernando Liu, CPA, as its Chief Financial Officer,
effective January 1, 2011.
Prior to
joining China Wind Systems, Mr. Liu served as China Region President of Barron
Partners LP, an investment fund which is primarily focused on the clean energy
and China sector. Barron Partners is an investor in the Company. Previously, Mr.
Liu worked at Eos Funds, an investment fund primarily focused on small and
mid-sized companies in China. Mr. Liu holds a Bachelor of Commerce degree
in Accounting and Finance from the University of British Columbia and is a U.S.
Certified Public Accountant. He also served for six years in the Primary Reserve
of the Canadian Armed Forces.
Mr. Liu
replaces Ms. Teresa Zhang, who resigned from her position as the Company's Chief
Financial Officer for personal reasons, effective December 28, 2010. Ms. Zhang's
resignation is not in connection with any disagreement with the Company
regarding financial, accounting, or other practices.
Mr.
Jianhua Wu, Chairman and Chief Executive Officer of China Wind Systems, stated,
"Mr. Liu, a certified public accountant, brings a wealth of expertise in
corporate finance, the capital markets, the clean energy sector, and Western and
China business practices to China Wind Systems. We look forward to benefiting
from his contributions as we grow our business and expand our
capabilities."
"I am
excited to be joining China Wind Systems and helping to accelerate the Company's
expansion in China's large and fast growing wind industry," stated Mr. Liu. "I
look forward to assisting the Company in fulfilling its strategic and financial
goals. In addition, I plan to contribute to seek to optimize the Company's
operations and explore additional clean technology opportunities, such as the
solar energy market."
The
Company also announced it hired Ms. Ana Liu, Chartered Accountant, as
Controller, effective January 1, 2011, to assist the Company in complying with
the financial reporting and control requirements of Article 404 of the
Sarbanes-Oxley Act. Ms. Liu is Mr. Liu's sister. Prior to joining the
Company, Ms. Liu served as a Senior Accountant at SAP, a provider of business
software solutions; and as an auditor at the accounting firm of Wolrige Mahon
LLP. She holds a Bachelor of Commerce degree in Accounting and Transportation
and Logistics from the University of British Columbia and is a Canadian
Chartered Accountant. The Contoller is not an executive officer of the
Company.
Mr. Wu
concluded, "We appreciate Ms. Zhang's contributions as our Chief Financial
Officer. She has been a highly valued member of our team and we wish her all the
best in her future endeavors."
About
China Wind Systems, Inc.
China
Wind Systems supplies forged rolled rings to the wind power and other industries
and industrial equipment to the textile industry in China. With its new
state-of-the-art production facility, the Company has increased its production
and shipment of high-precision rolled rings and other essential components
primarily to the wind power and other industries. For more information on the
Company, visit http://www.chinawindsystems.com.
Information on the Company's Web site or any other Web site does not constitute
a portion of this release.
Safe
Harbor Statement
This release contains certain
"forward-looking statements" relating to the business
of the Company and its subsidiary and affiliated 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 periodic reports that are
filed with the Securities and Exchange Commission and 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.
For
more information, please contact:
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Company
Contact:
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Investor
Relations Contact:
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Mr.
Fernando Liu
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Mr.
Athan Dounis
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Chief
Financial Officer
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Account
Manager
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China
Wind Systems, Inc.
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CCG
Investor Relations
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Tel:
+ 86-13761347367
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Tel:
+1-646-213-1916
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Email:
fol@chinawindsystems.com
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Email:
athan.dounis@ccgir.com
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Web:
www.chinawindsystems.com
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Web:
www.ccgirasia.com
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