SIPING, China, March 15, 2012 /PRNewswire-Asia/ -- THT Heat
Transfer Technology, Inc. (Nasdaq: THTI) ("THT" or the "Company"),
a leading provider of heat exchangers and heat exchange solutions
in China's clean technology
industry, today announced that the board of directors (the "Board")
has appointed Mr. Jingxun Chen as an independent non-executive
director and chairman of the audit committee, effective
March 15, 2012. He replaces Mr.
William P. Haus, who has resigned
for personal reasons from his position as an independent
non-executive director and chairman of the audit committee,
effective March 9, 2012.
Mr. Chen has around 15 years' accounting and auditing
experience, from which he has gained extensive knowledge of
China, US, Hong Kong and International Financial
Reporting Standards (IFRS). After beginning his career as an
Auditor with PricewaterhouseCoopers (PwC) in 1997, he was promoted
to Senior Auditor in 1999 and remained with PwC until 2004, when he
joined Schwartz Levitsky Feldman LLP as Senior Auditor. In 2006,
Mr. Chen joined NASDAQ-listed China BAK Battery, Inc., where he
offers strategic counsel on finance and accounting related matters
in his role as Financial Consultant. Mr. Chen holds a bachelor's
degree in Accounting and Auditing from Shenzhen University, People's Republic of China.
Chairman and Chief Executive Officer of THT, Mr. Guohong Zhao, said, "I'm pleased to welcome Mr.
Chen to our Board. He brings to THT a wealth of experience gained
from working at reputable international accountancy firms including
Big Four firm PwC, as well as at a China-headquartered, NASDAQ-listed company.
Mr. Chen's strong track record, which includes advising on
financial statements prepared according to US and international
accounting standards, positions him to offer invaluable guidance to
THT. We look forward to drawing on his expertise as we work to
continue to meet and exceed the high standards of transparency and
disclosure required of a US-listed company. On behalf of the Board,
I would also like to thank Mr. Haus for his dedication and
contribution to THT's success. We wish him the best in his future
endeavors."
About THT Heat Transfer Technology, Inc.
Through its Chinese operating subsidiaries, THT Heat Transfer
Technology, Inc. designs, manufactures and sells plate heat
exchangers, shell-and-tube heat exchangers, heat exchanger units
and other heat exchanger products with total heat exchange
solutions. Heat exchangers play an integral part in
helping customers improve energy efficiency. Used in a
number of industries, THT's products focus on energy conservation,
emission reduction and other environmentally friendly
applications. Its six major product categories are plate heat
exchangers, shell-and-tube heat exchangers, air-cooled heat
exchangers, weld plate heat exchangers, heat exchanger units and
plate-and-shell heat exchangers. The Company also offers
comprehensive heat exchange solutions.
THT's in-house R&D capabilities enable it to deliver
tailored products that better meet the changing demands of its
customers. The Company has a strong record of delivering
high-quality products and services to leading domestic and
international customers. THT has completed over 3,000 projects and
has provided heat exchange solutions to several Fortune 500
companies. The Company is headquartered in Siping City,
Jilin Province, China. For more information, please visit the
Company's website at www.tht.cn.
Contact:
The
Company:
Mr. Jack Xiao
Investor Relations
Specialist
THT Heat Transfer
Technology, Inc.
Tel:+86 (434)
3266779
Email:
IR@tht.cn
|
Investor Relations
(Beijing):
Xiaoyan Su
Taylor
Rafferty
Tel: +86 (10) 8588
6722
Email:
tht@taylor-rafferty.com
|
Investor Relations
(US):
Kelly Gawlik
Taylor
Rafferty
Tel: +1 (212) 889
4350
Email:
tht@taylor-rafferty.com
|
SOURCE THT Heat Transfer Technology, Inc.