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American Lorain Appoints New Chief Financial Officer

2008-09-18 12:09 2057


JUNAN COUNTY, Shandong, China, Sept. 18 /Xinhua-PRNewswire-FirstCall/ -- American Lorain Corporation (OTC Bulletin Board: ALRC) ("American Lorain" or the "Company"), an international processed foods company based in Shandong, Peoples Republic of China (PRC), today announced the appointment of Mr. Yilun "Alan" Jin as its new chief financial officer, effective September 22, 2008. He will report to Mr. Si Chen, CEO of American Lorain. Mr. Jin replaces Mr. Jing Wu, the previous chief financial officer, who left the Company for personal reasons.

Mr. Jin has close to ten years of financial industry experience, with six years of experience on Wall Street. Prior to joining the Company, Mr. Jin worked at Citigroup beginning in 2002, most recently as Vice President of Markets and Banking. From August 1997 through July 2000, Mr. Jin worked as manager of the Corporate Finance Division at the Shanghai Branch of Bank of Tokyo-Mitsubishi Ltd. Mr. Jin graduated from Thunderbird School of Global Management in 2002 with a MBA in International Management, specializing in finance, and was honored with the Citigroup Fellowship. He obtained his BA degree in economics from Fudan University in Shanghai, China in July 1997. Mr. Jin is also a CFA charterholder and fluent in English and Mandarin.

"We are very happy to have Mr. Jin join American Lorain as our chief financial officer and are confident that his expertise will help improve our financial oversight and reporting capabilities," said Mr. Si Chen, CEO of American Lorain. "Mr. Jin’s extensive experience in banking and financial markets will allow us to better understand the equity markets and support our relationship with investors. As we are currently preparing to upgrade to a senior exchange, Mr. Jin will provide us with valuable insight in that area as well. We look forward to his contribution to American Lorain’s management team."

About American Lorain Corp.

Shandong Lorain, an indirectly owned subsidiary of American Lorain Corp., was founded by Mr. Si Chen, CEO of American Lorain, in Shandong Province, People’s Republic of China, in 1995. When American Lorain started its operations in 1995, the Company sold chestnut products. In 2002, the Company entered the canned, frozen and bulk foods market and in 2004, the Company entered the convenience foods market. The Company’s chestnut products are mostly exported, while the convenience food, and frozen, canned and bulk food products are sold domestically in China.

Safe Harbor Statement

This announcement contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems; compliance with laws and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions 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 publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

American Lorain Corp

Mr. Gang Liu, Director of IR

Tel: +86-586-386-2276

Email: liugangqd@yahoo.com

Web: http://www.lorainfoods.com

CCG Investor Relations

Mr. Crocker Coulson, President

Tel: +1-646-213-1915

Email: crocker.coulson@ccgir.com

Web: http://www.ccgir.com

Source: American Lorain Corp.
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