The First U.S. Publicly Reporting, Chinese Golf Course and Golf Real Estate Development Company Appoints New Director & Officer
SHANGHAI, Oct. 12 /PRNewswire-Asia-FirstCall/ -- Headquartered in Shanghai, China Golf Group, Inc. ("China Golf", or the "Company", or "we"), a leading designer and developer of premium golf courses, golf communities and improved land properties in China and the first of its kind publicly registered and reporting in the United States, announced the appointment of new director and officer effective October 6, 2010, to strengthen its business operations.
In this appointment, the Company added Ms. Zhuangyan (Yvonna) Zou, China Golf's Chief Financial Officer ("CFO"), to the Board of Directors. Ms. Zou, age 36, has been working as the Company CFO since July 6, 2010 and as Director of Goodintend Holdings Limited, a wholly owned subsidiary of the Company, since February 2010. Prior to that, Ms. Zou involved in the strategic planning and investments for a Canadian company, SMART Technologies Inc. during 2005 through 2009, leading the planning, financial reporting, accounting, and treasury functions of their Asian overseas office. SMART Technologies is a publicly traded company headquartered in Calgary, Canada and is best known as the developer and market leader of the SMART Board interactive whiteboard. From 1999 through to 2001, she worked as a District Manager for American Power Conversion Corporation, a company that engages in the business of Information Technology industry. Ms. Zou achieved her MBA in Finance at University of Calgary in 2005, and she graduated from Wuhan University of Science and Technologies with a Bachelor's degree in Marine Engineering in 1994.
Simultaneous with this appointment, the Company also appointed Mr. Li Yifeng as Assistant Director of Sales, specifically responsible for the sales of golf tourism projects in Shaoshan, Hunan province. Mr. Li earned the respected professional coach certificate from China Golf Association in 2008. He was Head Coach and Sales Manager in Changsha Limeng Golf Management Company from 2009 to 2010, and a Golf Coach and Sales Manager in Changsha Qing Zhu Hu Golf Club from 2004 to 2009. He helped the Changsha team win the champion title in the Hunan Golf Provincial Games in 2010, and he was the Amateur Runner-up in China Golf Tournament in 2007. He studied Golf Technology & Management in Hunan International Economics University from 2002 to 2005.
About China Golf Group
Founded in 2006, China Golf Group ("China Golf" or the "Company") is a Shanghai headquartered, leading designer and developer of premium golf courses, golf communities and improved land properties sold to developers of private residence villas and/or corporate clubs. In July 2010 China Golf merged with a Delaware public company and filed with the U.S. Securities and Exchange Commission ("SEC"). China Golf designs, constructs and develops premium golf courses and golf communities in the People's Republic of China ("PRC") through our PRC based operating companies. We offer a full spectrum of golf course development and management services, including design, engineering, construction, and maintenance of golf courses as well as consulting and management of golf projects. Since the formation of Beijing Shungao in 2006, we have completed over ten golf courses in China. With our influential strategic partners, we are expanding our business to an invest-design-build-sell model with an objective to become the top golf course management company and the largest golf course chain in China. For more information on the Company, please visit http://www.chinagolfgroup.com/
About Strategic Alliance Beijing Capital Group Ltd.
Headquartered in Beijing, China, Beijing Capital Group Ltd. ("Beijing Capital") is a large-scale State-Owned Enterprise (SOE) affiliated to the State-Owned Assets Supervision and Administration Commission of Beijing Municipal Government. Since 1995 Beijing Capital has established three core businesses: urban infrastructure with water supply as the core, urban real estate with urban residential development and construction as the core, and financial services with investment banking and acquisition as the core. Beijing Capital has become an influential comprehensive urban investment and holding company with a well-defined strategy, clear development plan, outstanding reputation and brand recognition both within Beijing and throughout China. With a group asset value of approximately RMB 75 billion, it owns 142 enterprises; some of them are listed on domestic or foreign stock markets or both. Through its subsidiary Beijing Capital Land Ltd., a company listed on the Stock Exchange of Hong Kong (HKEx stock code: 2868), Beijing Capital is one of the largest Chinese state-owned real estate companies that focuses on urban real estate development and urban infrastructure construction. For more information on Beijing Capital, please visit http://www.bjcapitalland.com.cn/en_investors.php?class_4.html
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain statements that may include "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements". Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. 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, including the Company's ability to successfully expand its market presence and those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company U.S. Contact:
Betty Yu, CFA
China Golf Group, Inc.
Email: [email protected]
[email protected]
Company China Contact:
Tiger Bi
Chief Executive Officer
China Golf Group, Inc.
Phone: +86-21-5876-5017
Email: [email protected]
Web: http://www.chinagolfgroup.com
SOURCE China Golf Group, Inc.
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