China Wind Systems, Inc. Announces New Chief Financial Officer, Independent Director
January 12 2010 - 8:00AM
PR Newswire (US)
WUXI, China, Jan. 12 /PRNewswire-Asia-FirstCall/ -- 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 the
appointment of Ying (Teresa) Zhang as the Company's new Chief
Financial Officer, effective January 11, 2010. Ms. Zhang replaced
Leo Wang, who resigned as Chief Financial Officer on January 5,
2010 due to personal reasons. The Company also announced the
appointment of Xuezhong Hua as an independent director, filling the
vacancy created by the resignation of Lihua Tang on January 5,
2010. Ms. Zhang possesses extensive experience in accounting,
auditing, and financial analysis and reporting for both public and
private companies in China and Australia. From July 2005 until
January 2010, Ms. Zhang served as an auditing manager at GC
Alliance HK CPA, an international accounting, taxation and advisory
services firm in Beijing. From January 2003 to June 2005, Ms. Zhang
served as a liaison officer for the Australian-Chinese Friendship
Business Association. From July 2000 to September 2002, Ms. Zhang
was an auditor at Ernst & Young in Beijing, China. Ms. Zhang is
a Certified Practising Accountant in Australia. She earned her
bachelor's degree in international accounting from Renmin
University in China and her master's degree in accounting from
Macquarie University in Australia. Ms. Zhang is fluent in English,
Mandarin and Cantonese. Mr. Hua was an economics researcher at
Fujian Academy of Social Sciences between 1978 and 1991. Since
retiring in 1991, Mr. Hua has written and published articles on
economic theory and related studies. Mr. Hua is a graduate of
Shanghai Industrial Management School and received his bachelor's
degree in economics from Xiamen University. "We are very fortunate
to welcome both Ms. Zhang and Mr. Hua to our team," said Mr.
Jianhua Wu, Chief Executive Officer of China Wind Systems. "We
believe Ms. Zhang's expertise will enhance our financial reporting
and financial planning processes, strengthening our profile as a
NASDAQ listed company. Mr. Hua will be instrumental in
strengthening our corporate governance. We thank Mr. Wang for his
significant contributions to our Company and wish him success in
his 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 and energy
industries in China. With its newly finished state-of-the-art
production facility, the Company is expected soon to significantly
increase its 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 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
(http://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 further information,
please contact: Company Contact: China Wind Systems, Inc. Ms.
Teresa Zhang Chief Financial Officer Tel: +1-877-224-6696 x705
Email: Web: http://www.chinawindsystems.com/ Investor Relations
Contact: CCG Investor Relations Mr. Shaun Smolarz Financial Writer
Tel: +1-646-701-7444 Email: Mr. Crocker Coulson President Tel:
+1-646-213-1915 (NY office) Email: Web: http://www.ccgirasia.com/
DATASOURCE: China Wind Systems, Inc. CONTACT: China Wind Systems,
Inc., Ms. Teresa Zhang, Chief Financial Officer, +1-877-224-6696
x705, ; or CCG Investor Relations, Mr. Crocker Coulson, President,
+1-646-213-1915, and Mr. Shaun Smolarz, Financial Writer,
+1-646-701-7444, Web site: http://www.chinawindsystems.com/
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