BEIJING, Feb. 20, 2014 /PRNewswire/ – Tri-Tech Holding
Inc. (Nasdaq: TRIT), which provides turn-key water resources
management, water and waste water treatment, industrial safety and
pollution control solutions, announced today Mr. John McAuliffe and Dr. Da-zhuang Guo have
resigned from the Board of Directors and their positions on all
committees on which they serve. Their departures were for personal
reasons and not due to any disagreement with management. As both
Mr. McAuliffe and Dr. Guo were independent directors, on
February 19, 2014, the Nominating
Committee recommended, and the Board voted to approve, the
appointments of Dr. Haijun Yang and
Mr. Chunyu Gao as independent
directors to fill the seats vacated as a result of the resignations
in order to remain in compliance with NASDAQ continued listing
standards. Both Dr. Haijun Yang and
Mr. Chunyu Gao will stand for
election at the next shareholders' meeting as Class I
directors.
(Photo:
http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )
Warren Zhao, Chairman of the
Company commented, "We have valued Mr. John
McAuliffe's and Dr. Da-zhuang Guo's contributions to the
Company over the last several years and their wisdom as members of
the Board. We respect their decisions to part ways, and we wish
them well in their future endeavors."
Phil Fan, CEO of the Company
further commented, "We embrace Dr. Haijun
Yang and Mr. Chunyu Gao as
the new additions to the Board. We believe their business acumen
will benefit the Company and its shareholders."
About Dr. Haijun Yang
Dr. Haijun Yang, 41,
presently works as Executive Director and General Manager of Ocean
& Bridge Investment Ltd., where he has worked since 2009. Prior
to his current role, Dr. Yang served as the Vice President of
Operations and Secretary to the Board of China Fire &
Security Group, Inc., a company previous listed on NASDAQ,
from February 2009 to November 2009 and Deputy General Manager of
Sureland Industrial Fire Safety Co. Ltd. from 2000 to February 2009. Prior to 2000, Dr. Yang worked in
Beijing Yanxin Communication System Company Limited and Changchun
Yeli Group Company Limited for 6 years in the area of sales,
marketing and corporate strategy. Dr. Yang has extensive experience
in corporate finance, operations management, mergers and
acquisitions, and corporate governance. Dr. Yang received his MBA
in 2000 and his Ph.D. in Business Management in 2010 from Renmin
University of China. Dr. Yang is
an honorary supervisor of the School of Economics & Management
of Beijing University of Posts and
Telecommunications. Dr. Yang has been chosen as a director because
of his corporate finance and management experience.
About Mr. Chunyu Gao
Mr. Chunyu Gao, 50, has worked
since 2010 as Director of Sales at Beijing Century Microentropy
Technology Co., Ltd., which is devoted to energy conservation with
innovations in technologies, solutions and applied products. From
2006 until 2010, Mr. Gao worked as Vice Managing Director entrusted
with marketing and sales at Beijing Cosmosource Technology
Co., Ltd., which is devoted to developing software assisting
strategy analysis, operations management as well as water resource
management. From 1986 to 2006, Mr. Gao worked at as Assistant
Engineer at Aviation Measurement and Control Research Center, Sales
Channel Manager at Lenovo Group and Vice President at Hanlin Hui
Information Industry Company Limited. (a subsidiary of TCL Company
Limited.) Mr. Gao has extensive knowledge in sales and in the
establishment and maintenance of sales channels. Mr. Gao received
his bachelor's degree in Automation Control & Instrumentation
from Nanjing University of
Aeronautics and Astronautics in 1986. Mr. Gao has been chosen as a
director because of his experience in marketing and sales.
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering,
procurement, construction and technical services. The Company
supports government, state-owned entities and commercial clients by
providing efficiency-oriented solutions focused on treatment of
water and waste water, management of water resources and
water-efficient irrigation, as well as industrial emission and
safety controls. With software copyrights, product patents, and
capable employees in China, the U.S. and India, Tri-Tech's
capabilities span the cycle of innovation. Please visit
www.tri-tech.cn for more information.
An online investor kit including a company profile,
presentations, press releases, current price quotes, stock charts
and other valuable information for investors is available at
www.tri-tech.cn/ir. To subscribe to future releases via e-mail
alert, visit www.tri-tech.cn/ir/info/request.
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of
1995. These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and
acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks
contained in reports filed by the company with the Securities and
Exchange Commission. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the company,
are expressly qualified by the cautionary statements and any other
cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
For more information, please contact us at:
Tri-Tech Holding Inc.
www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn
SOURCE Tri-Tech Holding Inc.
