SOURCE: China ACM

China ACM

May 05, 2011 11:35 ET

China ACM Appoints New Independent Director

BEIJING--(Marketwire - May 5, 2011) - China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) ("China ACM"), a leading provider of eco-friendly ready mix concrete and related technical services in China, today announced it has appointed Mr. Jin Tao as an Independent Director bringing the eight-member board to a total number of five Independent Directors.

Fluent in English and Mandarin, Mr. Jin is currently a Senior Partner with the Beijing law firm of Jincheng TongDa & Neal, where he specializes in M&A, foreign investments in China and capital market transactions. Mr. Jin started his legal career in 1996 at the New York office of Cleary, Gottlieb, Steen & Hamilton where he represented numerous investment banks and corporations in a variety of M&A and capital markets transactions.

He joined Sullivan & Cromwell's Hong Kong office in 1999 where he continued to focus on M&A transactions for major multinational corporations, investment banks, PRC corporations and private equity funds. Mr. Jin joined JP Morgan's legal department in 2002 as head legal counsel for M&A and capital market transactions in China. Immediately prior to joining Jincheng TongDa, Mr. Jin was a partner with Jun He Law Offices from 2005 through 2010. He received his B.S. from Beijing University and his J.D. from Columbia University in New York. Mr. Jin was admitted to both the New York and American Bar Associations.

Commenting on his appointment to China ACM's Board, Mr. Jin said, "As a rapidly growing emerging company, China ACM is well positioned to play a key role in China's multi-trillion dollar infrastructure build out. I am delighted to join China ACM's Board. The Company has a strong reputation and competitive position in a large market with numerous long-term growth drivers. I look forward to working with China ACM's Board and management team to capitalize on the significant growth opportunities ahead."

"Mr. Jin is a highly respected, securities and transaction attorney whose legal career has been dedicated to successfully bridging the U.S. securities and Chinese capital markets," said Mr. Xianfu Han, China ACM Chairman and Chief Executive Officer. "As we actively seek to form lasting strategic alliances within our industry, and do business in markets outside China, Mr. Jin's guidance will be invaluable and we welcome him on board."

"We welcome Mr. Jin to our Board of Directors," said, Jeremy Goodwin, President and CFO of China ACM. "China ACM has always been committed to the highest standards of corporate governance. We believe the appointment of Mr. Jin as an Independent Director further validates this commitment."

About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.

Founded in 2002, Beijing-based China ACM provides its materials and services through its network of fixed ready-mix concrete plants covering the Beijing metropolitan area. It also has technical consulting services and preferred procurement agreements with other independently-owned plants across China. Additionally, the Company owns numerous portable plants deployed in various provinces across China primarily to major high speed rail projects. More information about the Company is available at www.china-acm.com.

Forward-Looking Statements
This press release contains statements that are forward-looking in nature, including statements regarding the Company's competitive position and product and service offerings. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in China ACM's Annual Report on Form 10-K for the fiscal year ended June 30, 2010. China ACM does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.

Contact Information