China Carbon Graphite Group, Inc. Announces Resignation of CFO Ting Chen; Zhengfang Yang Appointed Interim CFO
September 02 2010 - 6:10PM
China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or
the " Company"), the largest wholesale supplier of fine grain and
high purity graphite in China and one of the nation's top overall
producers of carbon and graphite products, today announced the
resignation of Chief Financial Officer Ms. Ting Chen and the
appointment of Mr. Zhengfang Yang as its new interim Chief
Financial Officer effective September 1, 2010.
The company appreciates the contributions that Ms. Ting Chen has
made in the past few years. There was no disagreement between Ms.
Chen and the Company which led to her resignation. The company is
committed to finding a highly qualified candidate to serve as Chief
Financial Officer.
In the interim, with the appointment of Mr. Yang we believe we
will experience a smooth transition in our financial management due
to his experience of having served as Chief Financial Officer of
the Company's operating subsidiary, Xingyong Carbon Company Ltd.
since 2007. Mr. Yang is also a certified public accountant in
China. We are pleased to have him step in on an interim basis
until a suitable permanent Chief Financial Officer can be
engaged.
About China Carbon Graphite Group, Inc.
China Carbon Graphite Group, 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 and one of the nation's top
overall producers of carbon and graphite products. 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.chinacarbongroup.com.
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.
CONTACT: Nuwa Group
Investor Relations:
Mr. Kevin Fickle
+1-925-330-8315
Kevin@nuwagroup.com
China Carbon Graphite (CE) (USOTC:CHGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
China Carbon Graphite (CE) (USOTC:CHGI)
Historical Stock Chart
From Jul 2023 to Jul 2024