Changfeng Energy Inc.
TSX VENTURE : CFY

Changfeng Energy Inc.

May 05, 2010 11:43 ET

Changfeng Reports Management and Board Changes

TORONTO, ONTARIO--(Marketwire - May 5, 2010) - Changfeng Energy Inc. ("Changfeng") (TSX VENTURE:CFY), a China based natural gas distributor, is pleased to report the following changes to its management team and Board of Directors.

Mr. Graham Warren is stepping down as the Company's part time Chief Financial Officer and has been appointed to the Board of Directors effective immediately. Mr. Huajin Lin, Chairman and CEO commented "We would like to thank Mr. Warren for his guidance and invaluable service over the past four years and look forward to his continued input as a Board member".

Mr. Kevin Ming Zhang has been appointed as the Company's Chief Financial Officer. Mr. Zhang is a member of the Certified General Accountant of Ontario, a member of the Association of Chartered Certified Accountants (ACCA, U.K.), a member of Chinese Institute of Certified Public Accountants, and a MBA graduate from Nanjing Aeronautics and Astronautics University‎, China.

From 2008 until 2010, Mr. Zhang was CFO for McVicar Industries Inc. and Jite Technologies Inc. two TSXV publicly traded companies in the chemical and electronic industries. Mr. Zhang has more than 10 years of accounting and auditing experience in both China and Canada with thorough knowledge of both Canadian GAAP and International Financial Reporting Standards (IFRSs).

Changfeng is also pleased to announce the appointment of Mr. Keith Attoe C.A. as Vice President, Corporate Development. Mr. Attoe is experienced in the areas of public market corporate finance, investment banking, tax planning, risk management and public accounting and holds a Bachelor of Business Administration from the University of New Brunswick. Mr. Attoe is also a member of the Ontario Institute of Chartered Accountants.

Since September 2004, Mr. Attoe has been the President and Chief Executive Officer of Cognitive Finance Inc., a company engaged in derivatives trading, corporate finance and independent director services. Prior thereto, Mr. Attoe was the Chief Financial Officer and a Director of Eiger Technologies Inc., an Exchange-listed company engaged in providing VoIP telecom services and manufacturing computer, Internet and telecommunications products. Mr. Attoe also sits on the board of China Select Capital Partners Corp (TSX VENTURE:CH) and Migao Corporation (TSX:MGO).

About Changfeng Energy Inc.

Changfeng is engaged in the design and construction of natural gas distribution networks and distribution of natural gas to commercial and residential customers in the greater Sanya City region of Hainan Province, China. The Company is headquartered in Toronto, Ontario and its shares trade on the TSX Venture Exchange.

This press release contains forward looking statements based on current expectations. These forward looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward looking statements. Risks and uncertainties about Changfeng's business are more fully discussed in the Company's disclosure materials, including its information circular and MD&A, filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars except for noted otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Changfeng Energy Inc.
    Keith Attoe C.A.
    V.P Business Development
    416-303-7148
    or
    Changfeng Energy Inc.
    Ann Lin
    Corporate Secretary
    416-362-5032