China ACM Appoints New Member to Board of Directors
BEIJING, Feb. 8 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. (Nasdaq: CADC), ("China ACM" or the "Company") a leading provider of ready-mix concrete in China, today announced that the Board of Directors has appointed Ms. Jing Liu, Ph.D. as an independent member of the Board. Ms. Liu will fill a vacancy on the Board, which now consists of seven members.
Ms. Liu is currently a member of the Board of Directors of Southwest Securities Corporation. Previously, she was a member of the Board of Directors of Guotai Asset Management Limited. From 2005 to 2009, she was a senior manager, general manager of the equity capital, and general manager of strategic development for the investment banking department of China Jianyin Investment Limited. Between 1997 and 2005, Ms. Liu was the deputy senior manager of the Intermediary Business Department, Investment Banking Department of the China Construction Bank.
Ms. Liu has a BA in investment management and an MA in finance from the Dongbei University of Finance & Economics, and a Ph.D. finance from the Chinese Academy of Social Sciences. She has been a Visiting Scholar at Michigan State University, and she is a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA) and has achieved a Financial Risk Manager (FRM) designation.
Mr. Xianfu Han, Chairman and Chief Executive Officer of China ACM, commented, "We welcome Ms. Liu to our board. We have a very strong board consisting of members with deep industry, financial and corporate experiences, which will help guide China ACM to build long-term shareholder value and strengthen our sustainable business model."
About China ACM
China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.
China ACM provides materials and services through its six ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with two other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at www.china-acm.com.
This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10K and in the Company's recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
Contact: |
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Kevin Theiss |
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Grayling |
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646-284-9409 |
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SOURCE China Advanced Construction Materials Group, Inc.
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