KAIFENG, China, March 19 /PRNewswire-Asia/ -- China Valves Technology, Inc. (Nasdaq: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that its Chairman and CEO, Mr. Siping Fang, has been elected to serve as the Executive Vice President of the China Overseas Listed Corporations Association ("COLCA") during its inaugural conference.
The Association is a non-profit organization devoted to promoting high standards of corporate governance among its members. The Association counts among its members more than 40 Chinese firms either listed or preparing to be listed on the NASDAQ, NYSE, NYSE Amex, London Stock Exchange and the Hong Kong Stock Exchange. In addition to corporate governance, the Association strives to support its members in all stages of being a public company and to promote success by enhancing investor confidence.
During the conference, members unanimously approved the Articles of Association of COLCA and elected the first COLCA council composed of 19 member corporations. Mr. Xianzhang Wang, the dean of the Insurance Academy of China Central University of Finance and Economics, and the former chairman of China Insurance Association, was elected Chairman of COLCA during the first council session.
"Being elected as the Association's Executive Vice President is a tremendous honor," said Mr. Fang. "I value the opportunity to work with some of the brightest minds in corporate China and to create opportunities for Chinese firms overseas. The Association stands for the same values of excellence and integrity that we have strived to maintain at China Valves."
List of the first council/deputy chairman unit of COLCA (in alphabetical order):
3SBio Inc.
China Digital TV Holding Co., Ltd.
China Education Group
China Information Security Tech
China Interactive Education, Inc.
China Ritar Power Corp Inc)
China Valves Technology, Inc.
China Wonder Limited
Daqing Longheda Food Company Limited
Global Education & Technology Group
Hollysys Automation Technologies, Ltd.
Jiangsu Fengye Electric Power Environmental Protection Group
Jinheng Automotive Safety System Co., Ltd.
Jinzhou Yangguang Energy Co., Ltd.
Pansoft Company Limited
Sino Dragon New Energy Holdings Limited
SORL Auto Parts, Inc.
Wonder Auto Technology, Inc.
Yuhe International Inc.
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Tai De Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., and Able Delight (Changsha) Valve Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products by extensive research and development and owns a number of patents. It enjoys significant domestic market shares and exports to Asia and Europe. For more information, visit http://www.cvalve.com
Safe Harbor Statements
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by China Valves, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by China Valves to be accurate, nor does China Valves purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.
For more information, please contact:
China Valves Technology, Inc.
Ray Chen, VP of Investor Relations
Tel: +1-650-281-8375
+86-139-2527-9478
Email: raychen@cvalve.net
Web: http://www.cvalve.com
CCG Investor Relations
Linda Salo, Sr. Financial Writer
Tel: +1-646-922-0894
Email: linda.salo@ccgir.com
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com
