China Fire Appoints Mr. Tongzhou Qin as Chief Financial Officer

2010-07-26 20:17 1936

BEIJING, July 26 /PRNewswire-Asia/ -- China Fire & Security Group, Inc. (Nasdaq: CFSG) ("China Fire" or "the Company"), a leading industrial fire protection product and solution provider in China, today announced that Mr. Tongzhou Qin has been appointed Chief Financial Officer, effective July 21st, 2010.          

Mr. Qin joined China Fire in March 2010 as Deputy General Manager of Sureland Industrial Fire Safety Limited ("Sureland"), responsible for finance, internal audit, human resources and administration. In addition to retaining his role of Deputy General Manager, Mr. Qin has been promoted to CFO. Mr. Qin, 40, brings to China Fire over 18 years of accounting, finance and general management experience. Prior to joining China Fire, he was senior manager at Ernst & Young Huaming Certified Public Accountants from 2001 to 2010, where he led the audit team and advised clients on internal controls, corporate governance, and other public listing rules. Prior to that, Mr. Qin served as Deputy Director of Zhonghui Certified Public Accountants. Mr. Qin is a Certified Public Accountant, Certified Public Valuer and Certified Tax Agent in the PRC. Mr. Qin obtained his Bachelor degree in Investment Economy Management from China's Central University of Finance and Economy in 1992.

Mr. Brian Lin, Chief Executive Officer of China Fire, stated, "We are delighted to have Mr. Qin join our executive management team as CFO. Mr. Qin's extensive experience and deep knowledge in accounting, financial systems, and internal controls should further improve China Fire's financial controls and reporting, while also further enhancing our corporate governance and strategic decision making. With excitement, I look forward to working more closely with Mr. Qin, as we believe his unique background and strong professional ethics will make him an invaluable asset to our Company."  

About China Fire & Security Group, Inc.

China Fire & Security Group, Inc. (NASDAQ: CFSG), through its wholly owned subsidiary, Sureland Industrial Fire Safety Limited, is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacturing, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. The Company owns a comprehensive portfolio of patents covering fire detection, system control and fire extinguishing technologies, and via its nationwide direct sales force, has built a solid client base including major companies in iron and steel, power, petrochemical and transportation industries throughout China. Founded in 1995, China Fire is headquartered in Beijing with about 430 employees in more than 30 sales and project offices throughout China. For more information about the Company, please go to .

Cautionary Statement Regarding Forward Looking Information

This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" are contained in China Fire & Security Groups' public filings with the SEC.

For more information, please contact:
China Fire & Security Group, Inc.
Amy Gao, Investor Relations
Tel:   +86-10-8441-7400

ICR, Inc.
In China:
Michael Tieu  
Tel:   +86-10-6599-7960  

In the U.S.:
Bill Zima     
Tel:  +1-203-682-8200

Source: China Fire & Security Group, Inc.
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