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China World Trade Corp Appoints New Chief Financial Officer

China World Trade Corp.
2007-09-07 16:52 1602


GUANGZHOU, China, Sept. 7 /Xinhua-PRNewswire/ -- China World Trade Corp. (OTC Bulletin Board: CWTD) today announced the appointment of Mr. Larry Wei Fan, age 37, to the position of chief financial officer (CFO). Fan brings more than 10 years of investment and transaction advisory services expertise. Starting on Aug 28th, 2007 Fan will be given responsibility for finance, tax, treasury and investor relations at China World Trade Corp.

"We are pleased to welcome someone of Fan’s caliber who will fit in well with our team," said Mr. William Tsang, President of China World Trade Corp. "This is an opportunistic hire for the Company and we look forward to working with Larry, whose financial experience made him an outstanding choice to become the new CFO for China World Trade Corp."

Fan will succeed Mr. Man Ha, who has resigned on Aug 28, 2007.

Prior to China World Trade Corp., Mr. Fan worked at KPMG (Australia) - Asian Business Group for almost 4 years, 3 years in Beijing Xin You Stone Investment & Consultant Company, Limited and 1 year at Greater China Capital Limited. Fan is a citizen of Australia and earned his Master in Business Administration from RMIT University of Australia and his Bachelor of Medicine from Jiangxi Medicine University of China.

About China World Trade Corp.

China World Trade Corp (CWTC) has established its business in three distinct areas: the club and business centers throughout major cities in China, business travel-related services, and business value-added services. The Club and Business Center Division is devoted to the building of the World Trade brand throughout China via the opening and operating of business clubs in China’s major, positioning the CWTC to act as a platform to facilitate trade between China and the world markets. The acquisition of CEO Clubs China Limited ("CEO Clubs") in May 2004 further complements CWTC’s offerings by targeting high-level corporate executives from premier companies. The Business Traveling Services Division provides CWTC access to the rapidly growing travel-related industry through ticketing sales and scenic site management. The Business Value-Added Services Division focuses on value-added services consultancy services to CWTC members and clients.

Safe Harbor

Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of China World Trade Corp that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. China World Trade Corp cautions you that any forward-looking information provided by or on behalf of China World Trade Corp is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. China World Trade Corp’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond China World Trade Corp’s control. In addition to those discussed in China World Trade Corp’s press releases, public filings, and statements by China World Trade Corp’s management, including, but not limited to, China World Trade Corp’s estimate of the sufficiency of its existing capital resources, China World Trade Corp’s ability to raise additional capital to fund future operations, China World Trade Corp’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match China World Trade Corp’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. China World Trade Corp does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

For more information, please contact:

Investor Relations Officer

Tel: +86-20-2886-0608

Email: ir@chinawtc.com

Source: China World Trade Corp.
Related Stocks:
OTC:CWTD
Keywords: Travel
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