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"We are very pleased that Mr. Ching will be joining the Board of Directors," said Mr. Gang Li, President & CEO of NF Energy Saving Corporation. "Mr. Ching's rich knowledge and experience as successful author, CFO, financial consultant, and successful entrepreneur will help the Company greatly enhance our finance controls and corporate governance." Mr. Ching co-founded Shanghai Sino-Biz Financial Advisory Company Ltd. (predecessor firm of SBA Stone Forest) and currently leads the corporate secretarial, accounting and tax services divisions. In addition, he is actively involved in corporate finance and investment deals. His successful track record includes that of assisting a major investment fund in the divestment of an infrastructure project. He has also assisted several major global clients in securing partnership agreements with Chinese domestic players. In February 2009, Mr. Ching successfully published CFO Guide to Doing Business in China, offering a practical guide on China's accounting system, taxation issues, currency controls, risk management, outsourcing, people management, employment issues and mergers and acquisitions. Mr. Ching Mia Kuang has held various key appointments throughout his career. He was the Regional Accountant (South Europe) of Singapore Airlines, overseeing the financial operations of various cities such as London, Zurich, Paris, Rome, Athens and other stations. In this role, he also helped establish the financial operations of the Madrid office. He later joined Fullmark Pte. Ltd. as its Group Financial Controller responsible for operations in China, Hong Kong, Malaysia and Vietnam. He was in charge of strategic investments, treasury, group financing, and mergers & acquisitions. Another appointment Mia Kuang held was the Chief Accountant of Dalian Container Terminal (DCT), a flagship joint venture between the port authorities of Singapore and Dalian. He played a key role in generating operational efficiency, profitability and return on capital for DCT. About NF Energy Saving Corporation Website: http://www.nfenergy.com NF Energy Saving Corporation (OTCBB: NFES | Quote | Chart | News | PowerRating) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents. Safe Harbor Statement This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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 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. SOURCE NF Energy Saving Corporation For full details for NFES click here.
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