China Carbon Graphite Group, Inc. Announces Appointment of Grace King as Its Senior Vice President of Finance
December 15 2010 - 7:00AM
China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon"),
the largest wholesale supplier of fine grain and high-purity
graphite in China and one of the nation's top producers of carbon
and graphite products, is pleased to announce that it has
appointed Grace King as its senior vice president
of finance.
Ms. King has over twenty years of financial transaction
experience with extensive contacts and expertise in China. Prior to
joining China Carbon, Ms. King acted as the managing partner of
APEC Investment, Inc., where she provided investment banking and
advisory services to small and mid-sized Chinese companies. Prior
to that, Ms. King was the managing director of China business
development for Primary Capital, providing a full range of
investment banking services to Chinese clients. From 1999 to 2007,
Ms. King was a senior investment advisor for Great Eastern
Securities, Inc., responsible for overseeing the development of the
firm's Asia business. From 1990 to 1998, Ms. King worked as a
financial consultant and fund manager for Transpacific Exchange
Corp, a private equity fund with a principal focus on China. From
1985 to 1989, Ms. King was employed with Merrill Lynch, as a member
of their international corporate group, where she completed
transactions including bond underwritings, private placements,
privatizations, and mergers and acquisitions. She was one of two
key investment bankers who successfully launched Taiwan Fund, Inc.
(NYSE:TWN), and served as a key banker on Gulf Canada's global
offering of over one billion USD. Ms. King graduated with a BS/MBA
degree in Finance and International Business in May 1984 from
Columbia University.
"We would like to welcome Grace to China Carbon. Grace is a
proven leader with extensive financial experience and management
skills which will help China Carbon to further position itself
as an industry leader. I am very excited to be working with Grace,"
said Donghai Yu, Chief Executive Officer of China Carbon.
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 is 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 in the manufacture of molds.
High purity graphite is used in metallurgy, mechanics, aviation,
electronics, atomic energy, the chemical industry, food industry
and a variety of other fields. In September 2007, the company was
approved and designated by the Chinese Ministry of Science &
Technology as a "National Hi-tech Enterprise" amongst over 400
other carbon graphite producers in China. China Carbon is the only
non-state-owned company to receive this honor. For more
information, visit www.chinacarboninc.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, LLC
Investor Contact:
Mr. Kevin Fickle
+1-925-330-8315
Kevin@nuwagroup.com
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