China Natural Gas Appoints Lihong Guo to Chief Financial Officer
10 Dezember 2007 - 2:38PM
PR Newswire (US)
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- China Natural Gas, Inc.
(OTC:CHNG) (BULLETIN BOARD: CHNG) , one of the leading providers of
pipeline natural gas for industrial, commercial and residential use
and compressed natural gas (CNG) for vehicular fuel in Xi'an,
China, today announced the appointment of Lihong Guo as Chief
Financial Officer, effective immediately. Ms. Guo has over 12 years
of financial experience at various companies in China, including
previously serving in the role of Chief Financial Officer. Most
recently, from September 2005 to July 2007, Ms. Guo was the Chief
Financial Officer of Aoda Enterprise Group Co., Ltd. Prior to that,
Ms. Guo served as director of Finance of Xi'an Yangsen
Pharmaceutical Ltd., a subsidiary of Johnson & Johnson Company.
Ms. Guo received her bachelor's degree in economics and management
from Shaanxi Normal University in 1987 and her MBA from Northwest
University in Shaanxi, China, in 2002. Mr. Xiaogang Zhu, who
preceded Ms. Guo as Chief Financial Officer of the Company,
resigned as an officer of the Company for personal health reasons
effective December 10, 2007. Mr. Ji Qinan, Chairman of China
Natural Gas, commented, "We are delighted to have Ms. Guo join our
team. Her strong finance and accounting background will be an asset
to our Company as we expand and manage our growth. I am pleased to
welcome her to China Natural Gas on behalf of the Company and the
Board of Directors. We also thank Zhu Xiaogang for his
contributions to China Natural Gas." Mr. Zhu will continue to be
available to the Company as a senior advisor. About China Natural
Gas, Inc. China Natural Gas, Inc., ("CHNG"), is the first
China-based natural gas company publicly traded in the US. It
currently owns and operates a 120 kilometer long compressed natural
gas pipeline in Xi'an, China, a fast growing Chinese city supported
by a population of approximately eight million and is the "gateway"
to the broad Western regions of China. CHNG has three profitable
business segments: end user delivery of natural gas services to
residential, commercial and industrial customers; wholesale natural
gas to retail natural gas filling stations; and retail natural gas
at company-owned natural gas filling stations. The city of Xi'an
has approximately 20,000 taxis, 3,000 buses and 2,000 special
purpose vehicles that are powered by compressed natural gas. This
press release may contain forward-looking statements. These
statements are based on the current expectations or beliefs of
China Natural Gas, Inc. management and are subject to a number of
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements,
including the fluctuation of natural gas prices, the availability
of natural gas supplies, changes in governmental regulations and/or
economic policies. CONTACT China Natural Gas Inc. 212-786-7372
Ashley Ammon MacFarlane or Bill Zima Integrated Corporate Relations
203-682-8200 (Investor Relations) In Asia: Xuyang Zhang Integrated
Corporate Relations, Inc. +86 10 8523 3087 DATASOURCE: China
Natural Gas, Inc. CONTACT: China Natural Gas Inc., +1-212-786-7372;
or Investors, Ashley Ammon MacFarlane or Bill Zima,
+1-203-682-8200; or in Asia, Xuyang Zhang, +86 10 8523 3087, all of
Integrated Corporate Relations, Inc., for China Natural Gas, Inc.
Web site: http://www.naturalgaschina.com/
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