George Town, Cayman Islands - April 14, 2015, George Town, Cayman Islands - Asia Cement China Holdings announced that Wang Wei and Kao-chao Lee have been appointed as independent non-executive directors of the company.
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Mr. Wang is the vice president of China National Materials Company Limited (Sinoma). He served as a director and the president of Sinoma International Engineering Co., Ltd from December 2001 to December 2009 and as the chairman of the board of Sinoma International Engineering Co., Ltd from December 2009 to September 2014.
Mr. Wang served as the supervisor of Sinoma from July 2007 to March 2010 and was appointed as the vice president of Sinoma in March 2010. He joined the Sinoma group in 1984 and held various positions, such as deputy head of Nanjing Cement Industry Design and Research Institute.
Mr. Wang served as the deputy general manager and general manager of China National Non-Metallic Materials Corporation from June 2001 to March 2002. Currently, he also serves as the vice chairman of China Chamber of Commerce for Import and Export of Machinery and Electronic Products, an executive member of the Mergers and Acquisitions Financing Committee of the China Association for Public Companies, the China director of the BRICS Business Council, the vice president of China Building Materials Federation and the vice president of China Cement Association.
Mr. Wang graduated from Nanjing University of Technology in January 1982, majoring in cement engineering. He is currently a professorate senior engineer.
Mr. Lee was Vice Chairman, or Deputy Minister of CEPD, which position he had stayed for eight years and he was responsible for coordination of economic policies. He has been a director of the board of Taipei City Bank, now privatized Taipei-Fubon Bank, for eight years, and a director of the board of Chang Hwa Bank for three years, well contributing his knowledge on economic and financial development at home and abroad.
Mr. Lee has long been the ad joint professor in Taiwan University, teaching Inter-industry relationship, or Input-output Study, which area he has well practicing the interactions of industries. He had been teaching managerial economics in the Business School of Yuan Ze University after retiring from government sector.
Mr. Lee served as an independent director of Asia Cement Corporations from June 2005 to June 2014. ■