BEIJING, Dec. 5, 2012 /PRNewswire-FirstCall/ --
China Shen Zhou Mining & Resources, Inc. ("China Shen Zhou", or the "Company") (NYSE Amex:
SHZ), a company engaged in the exploration, development, mining
and processing of fluorite, barite, zinc, copper, and other
nonferrous metals in China, today
announced that the company has appointed Mr. Hai Hu as the new Chief Financial Officer
("CFO"), effective immediately.
Prior to joining the Company, Mr. Hu served as Director of
Corporate Accounting at Interstate China, one of the largest
companies in hotel management and real estate investment worldwide.
Previously, Mr. Hu headed the finance department at a leading
specialty insurance provider, Assurant, in China. He received an M.B.A. from SUNY Binghamton and holds the CFA
designation.
"As China Shen Zhou becoming a more mature public company, we
are pleased to bring in such a high-caliber executive to help
strengthen the internal control and steer the strategic direction
of our company," said Ms. Xiaojing
Yu, Chairperson and CEO. "Mr. Hu has proven track records
with some of the largest Chinese and international
companies. His expertise and leadership in corporate financial
management, sharp business acumen and deep understanding of Chinese
business environment make him a natural choice as an integral part
of Shen Zhou's long term sustainable
development."
Effectively immediately, Mr. Jiayin
Zhu, the former CFO, has resigned from his position to
pursue other personal interest. "On behalf of the board, I'd like
to thank Jiayin for his contributions over the years in assisting
us to expand our footprint in China. We wish him well in his future
endeavors." Ms. Yu concluded.
About China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc., through its
subsidiaries, is engaged in the exploration, development, mining,
and processing of fluorite, barite and nonferrous metals such as
zinc, lead and copper in China.
The Company has the following principal areas of interest in
China: (a) fluorite extraction and
processing in the Sumochaganaobao region of Inner Mongolia; (b)
fluorite and barite extraction and processing in the Wuchuan County
of Guizhou province (c) fluorite
and barite extraction and processing in the Yanhe County of Guizhou
province.(d) fluorite extraction and processing in Jingde County,
Anhui Province; (e) zinc/copper/lead processing in Wulatehouqi of
Inner Mongolia; and (f) zinc/copper exploration, mining and
processing in Xinjiang. For more information, please visit
http://www.chinaszmg.com/.
Safe Harbor Statement
This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking
statements. Forward-looking statements can be identified by the use
of forward-looking terminology such as "will", "believes",
"expects" or similar expressions. These forward-looking statements
may also include statements about our proposed discussions related
to our business or growth strategy, which is subject to change.
Such information is based upon expectations of our management that
were reasonable when made but may prove to be incorrect. All of
such assumptions are inherently subject to uncertainties and
contingencies beyond our control and upon assumptions with respect
to future business decisions, which are subject to change. We do
not undertake to update the forward-looking statements contained in
this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the
forward-looking statements contained in this press release, see our
most recent Annual Report filed with the Securities and Exchange
Commission (SEC) on Form 10-K, and our subsequent SEC filings.
Copies of filings made with the SEC are available through the SEC's
electronic data gathering analysis retrieval system (EDGAR) at
http://www.sec.gov.
Contact Information
Min
Liu
Investor Relations
Grayling
Tel:
+1-646-284-9413
min.liu@grayling.com
Shiwei Yin
Grayling
Tel:
+1-646-284-9474
shiwei.yin@grayling.com
SOURCE China Shen Zhou Mining & Resources, Inc.