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Published in House and Home on Friday, August 19th 2011 at 16:41 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
China Shengda Packaging Group Inc. Announces Appointment of New Chief Financial Officer -- HANGZHOU, China, Aug. 19, 2011 /PRNewswire-Asia-FirstCall/ --
China Shengda Packaging Group Inc. Announces Appointment of New Chief Financial Officer
HANGZHOU, China, Aug. 19, 2011 /PRNewswire-Asia-FirstCall/ -- China Shengda Packaging Group Inc. (NASDAQ: [ CPGI ]) ("China Shengda Packaging" or the "Company"), a leading Chinese paper packaging manufacturer, today announced the appointment of Ken He as the Company's new Chief Financial Officer, effective August 19, 2011. Ken He succeeds Thomas Jiayao Wu, who resigned as Chief Financial Officer on August 19, 2011 for personal reasons.
Before joining the Company, Mr. He spent two years as an Investment Director of Wealthcharm Investments Limited, a private investment company. Prior to that, Mr. He spent five years with PricewaterhouseCoopers in Australia and China, during which time he developed experience of and familiarity with Chinese and Hong Kong accounting standards, international accounting standards and U.S. GAAP. Mr. He holds a Master's degree in Applied Finance from Macquarie University, the Certified Public Accountant designation from the Chinese Institute of CPA, Certified Practicing Accountant designation from the CPA Australia, and the Chartered Financial Analyst designation from the CFA Institute.
"We are glad to add Ken He as our Chief Financial Officer. His rich international experience in financial control and accounting will serve us well as we pursue our expansion plans across new products and geographies," said Mr. Daliang Teng, Chief Executive Officer of China Shengda Packaging. "We believe that Mr. He will leverage his expertise in the US capital markets and strengthen our profile as a US listed company. Finally, we would like to thank Mr. Wu for his significant contribution to our business during his tenure."
About China Shengda Packaging Group Inc.
China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in the design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugated paperboards, which are used for the production of its flexo-printed and color-printed cartons. The company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. For more information, visit [ http://www.cnpti.com ].
Safe Harbor Statements
This press release may contain forward-looking statements. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in profit margins of principal products and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Company Contact: | Investor Relations Contact: | |
China Shengda Packaging Group Inc. | CCG Investor Relations | |
Ray Chen, Vice President of Investor Relations | Mark Collinson | |
Tel: +86-139 2527 9478 | Tel: +1-310-954-1343 | |
E-mail: [ rc@cnpti.com ] | Email: [ mark.collinson@ccgir.com ] | |
Website: [ http://www.cnpti.com ] | Website: [ http://www.ccgasiair.com ] | |
SOURCE China Shengda Packaging Group Inc.
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