China Solar & Clean Energy Solutions Announces New Chief Financial Officer
Energy Solutions, Inc. (“CSOL” or the “Company”) (OTC Bulletin Board: CSOL), a
premier manufacturer and distributor of solar water heaters, renewable energy
solutions, and space heating devices in
announced the appointment of Ms.
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
Healthcare; Director of Finance at eLong; and Finance Manager of the North
China Region for Eli Lilly Asia Inc.
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
from City University,
With the hiring of Ms. Chen, Mr. Yang Yihai has resigned from his CFO
position, effective
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: delisolar@yahoo.com.cn
Michael Tieu
ICR
Tel: +86-10-6599-7960
Email: Michael.tieu@icrinc.com
SOURCE China Solar & Clean Energy Solutions, Inc.