GC China Turbine Appoints Seasoned Financial Veteran as New CFO
12 May 2011 - 10:45PM
Marketwired
GC China Turbine Corporation ("GC China" or the "Company") (OTCBB:
GCHT) today announced the appointment of Mr. Chen Guijun, as CFO
and Principal Accounting Officer, effective on May 8, 2011.
Mr. Chen brings close to two decades of financial reporting,
auditing and transactional expertise to the Company. Most recently,
Mr. Chen served as Senior Manager of Ernst & Young's Wuhan
Branch, where he worked on, and supervised audits of large-scale
projects of enterprise groups and listed companies, including
Industrial and Commercial Bank of China; Hunan Nonferrous Metals
Corporation Limited; Hunan Zhuzhou Times Electric Co., Ltd.; China
South Locomotive & Rolling Stock Corporation Limited; Wuhan
Iron and Steel Company Limited; Dongfeng Motor Company., Ltd.;
Wuhan C-BONS; Dalian Haichang Group Co., Ltd.; China subsidiaries
of Cameron International Corporation; China subsidiaries of Siemens
AG; and China subsidiaries of Valeo Group.
Prior to Ernst & Young, Mr. Chen served at Zhongxing
Financial Accounting Firm Wuhan Branch, Hubei Business Development
Company, and Wuhan Commercial Group Co., Ltd. In terms of
educational background, Mr. Chen received an MBA (Investment
Professionalization) at Anhui University (Hefei city, China), with
an English Proficiency, as well as having attained professional
qualifications such as the Chinese Chartered Public Accountant,
Chinese Lawyer and Chinese Certified Appraiser.
Mr. Hou Tiexin, Chairman of GC China, said that, "We are pleased
to welcome Mr. Chen to the team at GC and believe that his
experience in auditing at a Big Four accounting firm, as well as
with financial transactions will be invaluable to our commitment to
higher standards of financial reporting. In addition, we believe
that Mr. Chen's presence locally to our day-to-day operations is
important and critical to business continuity. Importantly, Mr.
Chen is a proficient English speaker and will be available to work
closely with our U.S. investors to provide appropriate levels of
financial and reporting transparency. We look forward to his
involvement in and participation at upcoming financial conferences
in the U.S. and Europe through the remainder of 2011 and going
forward."
Mr. Chen said that, "I am looking forward to working with the
executive team at GC China and its employees to build a leading
Chinese wind turbine manufacturing firm with a strong domestic
presence as well as toward extending our reach to European and
North American markets. From a public reporting standpoint, I am
aware of and understand the increasing level of scrutiny that
Chinese firms are under with U.S. investors and greater
transparency and demonstration of best reporting practices are
amongst my top priorities to implement at GC China."
About GC China Turbine Corp.
GC China is a manufacturer of state-of-the-art 2-blade and
3-blade wind turbines based in Wuhan City of Hubei Province, China.
The Company holds a license to manufacture what it believes is a
groundbreaking technology which meets rigorous requirements for
low-cost and high reliability. For more information visit:
www.gcchinaturbine.com
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, Mr. Guijian's impact in the Company's financial
reporting and operations, availability to work with U.S. investors
and involvement and participation of financial conferences. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with new officers and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Investor Relations Todd M. Pitcher Aspire Clean Tech
Communications Hayden Communications, International Phone:
760-798-4938 Email Contact
GC China Turbine (CE) (USOTC:GCHT)
Historical Stock Chart
From Nov 2024 to Dec 2024
GC China Turbine (CE) (USOTC:GCHT)
Historical Stock Chart
From Dec 2023 to Dec 2024