Wuhan, China - December 21, 2009, Wuhan, China - China Automotive Systems, Inc. announced that Hanlin Chen, Chairman, Qizhou Wu, CEO, Guangxun Xu, Bruce Carlton Richardson, Robert Tung and William E. Thomson were elected as directors.
Article continues below
Hanlin Chen has served as Chairman of the board since September 2007. Mr. Chen is a standing board member of the Political Consulting Committee of Jingzhou city and vice president of Foreign Investors Association of Hubei Province. He was the general manager of Jiulong from 1993 to 1997. Since 1997, he has been the Chairman of the Board of Henglong.
Qizhou Wu has served as the Chief Executive Officer since September 2007, Prior to that position he served as the Chief Operating Officer since March 2003. He was the Executive Vice General Manager of Jiulong from 1993 to 1999 and GM of Henglong from 1999 to 2002. Mr. Wu graduated from Tsinghua University in Beijing with a Masters degree in Automobile Engineering.
Guangxun Xu served as the Chief Representative of NASDAQ in China the past two years and was a managing director with the NASDAQ Stock Market International, Asia for over 10 years. He also served as an independent director of China Automotive Systems in 2006. Mr. Xu's professional finance career spans over 25 years. His practice focuses on services for US and UK listings, advising on and arranging corporate and project financings, pre-IPO restructuring, M&A, corporate governance and compliance, post-IPO IR, etc. He holds an MBA from Middlesex University, London.
Bruce Carlton Richardson served as CFO and Secretary of Dalian RINO International Environmental Engineering from October 2007 to September 2008. Formerly, he was a Managing Director of Xinhua Finance, a Senior Analyst at Evolution Securities China Limited and a Director of New Access Capital, all in Shanghai. From 2001 through May 2003, he was a private consultant for the Chinese financial markets.
Mr. Richardson earned a BA in Classics from the University of Notre Dame in 1980, graduated with an MA in International Management from the University of Texas, Dallas, and he was awarded a graduate study grant by the US National Academy of Sciences. He completed a year of post-graduate research on PRC accounting at the People's University in 1988.
Robert Tung has been a Director of the Company since September 2003 and a member of the Company's Audit, Compensation and Nominating Committees. Mr. Tung is currently the President of Multi-Media Communications, Inc., and Vice President of Herbal Blends International, LLC. Mr. Tung holds a M.S. in Chemical Engineering from the University of Virginia and B.S. degrees in Computer Science and Chemical Engineering from the University of Maryland and National Taiwan University, respectively.
Since 2003, Mr. Tung has been actively developing the business in China. Currently, Mr. Tung is the China Operation General Manager of Ulamatic Inc., a leading North American automated equipment design house and manufacturer. In addition, Mr. Tung holds grand China sales representative position of TRI Products, Inc., a well known North American iron ores and scrap metals supplier.
William E. Thomson, CA, has been a Director of the Company since September 2003 and is a member of the Company's Audit, Compensation and Nominating Committees. Mr. Thomson has been the president of Thomson Associates, Inc., a leading merchant banking and crisis management company, since 1978.
Mr. Thomson's current additional directorships include: Nasdaq-Maxus Technology Inc. (eWaste Management Solutions); Asia Bio Chem (Agriculture); TSX-Score Media Inc. (Media); Electrical Contacts Ltd. (Industrial), Open EC Technologies Inc.(IT Financing), Wright Environmental Management Inc. (Waste Management Solutions), YTW Growth Capital Management Corporation (CPC facilitation), Redpearl Funding Corp. (Financial), Han Wind Energy (BVI) (Sustainable Energy), Summit Energy Management (Oil and Gas), Paradox Financial Solutions Inc. (Supply Chain Financing), and Pure Med Laser (Healthcare). ■