T-Bay Holdings Appoint New CFO

2008-09-16 22:08 1517

SHANGHAI, China, Sept. 17 /Xinhua-PRNewswire-FirstCall/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH) today announces that the Company has appointed Mr. LEUNG Wai Chiu, Albert, as its Chief Financial Officer. The appointment is effective from September 16, 2008.

Mr. Leung, aged 51, has been a registered member of the Hong Kong Society of Accountants since 1988 and the Association of Chartered Certified Accountants, Great Britain, since 1986. Prior to joining the Company, he worked for almost five years as CFO of a Mainland Chinese business listed on NASDAQ. He previously held senior accounting and finance positions (financial controller, regional financial controller, finance director, CFO Asia) in multi-national companies in France, Taiwan, Hong Kong and Singapore. In particular, Mr. Leung served as Group Internal Auditor in L’Air Liquide S.A. in France and then Financial Director in its subsidiary in Taiwan from 1985 to 1990; Tax & Accounts Manager in Dragages et Travaux Publics (HK) Ltd. (part of Bouygues Group) in Hong Kong from 1990 to 1994; Financial Controller in BYME Engineering (HK) Ltd. (also part of Bouygues Group) in Hong Kong from 1995 to 1997 and Chief Financial Officer - Asia in DMC Group in Hong Kong from 1997 to 1998.

Mr. Leung holds a Diplome de l’Ecole des Hautes Etudes Commerciales (Master of Science in Management) from l’Ecole des Hautes Etudes Commerciales of France and a Higher Diploma in Accountancy from Hong Kong Polytechnic.

Mr. Jie Shi, the CEO of T-Bay said, “We are pleased to welcome Mr. Leung to join our Company. Mr. Leung’s expertise and experience can help us further strengthen our financial operations and internal control measures.”

About T-Bay Holdings Inc.

T-BAY conducts its mobile phone design business through its 95% owned subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. ("SunPlus"). Established in October 2002, SunPlus is a Sino-foreign joint venture providing total solution and full-range design services to leading mobile handset brand owners in China. The broad spectrum of services that SunPlus provides include overall product design, mechanical design, module architecture design, software design, prototype production, product testing, manufacturing and after-sale technical support. The Company currently has a staff of 130, comprised mostly of engineers and software programmers.

SunPlus develops its mobile phone modules based mainly on the chipset platform provided by VIA, MTK, SKYWORKS, ANYKA, INFINEON. Historically, our customers included multinational brand names such as Motorola, NEC, Siemens, China Telecom, Panasonic and Alcatel. Our major customers in China include Feihu Commnunication, Shenzhen Henkai, Qiao Xing Famous Technology, Shenzhen LaiDi, Shenzhen Siecom and CECT.

Source: T-Bay Holdings Inc.
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