China Solar & Clean Energy Solutions Announces New Chief Financial Officer
March 19 2009 - 9:28PM
PR Newswire (US)
Ms. Veronica Jing Chen Named Chief Financial Officer BEIJING, March
19 /PRNewswire-Asia-FirstCall/ -- China Solar & Clean Energy
Solutions, Inc. ("CSOL" or the "Company") (OTC:CSOL) (BULLETIN
BOARD: CSOL) , a premier manufacturer and distributor of solar
water heaters, renewable energy solutions, and space heating
devices in the People's Republic of China, today announced the
appointment of Ms. Veronica Jing Chen as its Chief Financial
Officer, effective immediately. Ms. Chen is a seasoned executive
with more than 20 years of experience in accounting, finance, and
general management. Prior to joining CSOL, she had been Chief
Financial Officer of China Valve Technology and Origin Agritech,
two publicly-listed companies on US Exchanges with principal
operations in China. Before that, she served as Senior Director of
Finance at iKang Healthcare; Director of Finance at eLong; and
Finance Manager of the North China Region for Eli Lilly Asia Inc.
China Representative Office. Spanning her extensive career as a
financial executive, Ms. Chen has established and successfully
managed accounting systems, improved financial reporting and
controls, and implemented internal policies and procedures in
compliance with standards required by the Sarbanes-Oxley Act. Ms.
Chen currently holds a CPA Australia membership, and received a
Ph.D. in Business Administration from Victoria University,
Neuchatel, Switzerland, and an MBA from City University, Seattle,
Washington. With the hiring of Ms. Chen, Mr. Yang Yihai has
resigned from his CFO position, effective March 17, 2009. Mr. Deli
Du, President and CEO of CSOL, commented, "We are very pleased to
have Ms. Chen join our Company and believe she will be an excellent
addition to our senior management team. Ms. Chen's broad experience
at overseas-listed companies and deep knowledge of Chinese
operations provide CSOL with proven leadership in financial
management, control, and reporting. I look forward to working
closely with her, as we focus on executing our future growth plans.
We aim to strengthen our corporate governance, drive higher
productivity, optimize our cost structure and investments, and
maximize our profitability. We look forward to her contributions in
the months and years ahead. As we welcome Ms. Chen to our team, we
express our many thanks to Mr. Yang for his service and continued
efforts during this transition period. We remain committed to
continue building a strong, diverse and capable management team,
and, most importantly, to continue growing a strong, profitable and
responsive enterprise at China Solar." About China Solar &
Clean Energy Solutions, Inc China Solar & Clean Energy
Solutions, Inc. operates through its wholly owned subsidiaries
Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar (Bazhou)"),
Beijing Deli Solar Technology Development Co., Ltd., Shenzhen
PengSangPu Solar Industrial Products Corporation and its 51%
ownership in Tianjin Huaneng Group, all located in the PRC. The
Company manufactures and distributes hot water and space heating
devices to customers in the PRC, in addition to waste heat recovery
systems. For more information, please visit http://www.cn-sce.com/
. Safe Harbor Statement: Certain statements in this news release
may contain forward-looking information about China Solar &
Clean Energy Solutions and its subsidiaries business and products
within the meaning of Rule 175 under the Securities Act of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. The actual
results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business
conditions in the PRC, market and customer acceptance and demand
for products, ability to market products, fluctuations in foreign
currency markets, the use of estimates in the preparation of
financial statements, the impact of competitive products and
pricing, the ability to develop and launch new products on a timely
basis, the regulatory environment, fluctuations in operating
results, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their
entirety by this Cautionary Statement and the risks factors
detailed in the Company's reports filed with the Securities and
Exchange Commission. China Solar & Clean Energy Solutions
undertakes no duty to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this release. For more information please contact: Judy Zhu China
Solar & Clean Energy Solutions, Inc. Tel: +86-10-6386-0500
Email: Michael Tieu ICR Tel: +86-10-6599-7960 Email: DATASOURCE:
China Solar & Clean Energy Solutions, Inc. CONTACT: Judy Zhu of
China Solar & Clean Energy Solutions, Inc., +86-10- 6386-0500,
or ; Michael Tieu of ICR, +86-10-6599-7960, or Web Site:
http://www.cn-sce.com/
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