/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES/
VANCOUVER, March 15 /CNW/ - Further to its news release of March 7, 2007,
Hanwei Energy Services Corp. (the "Company") is pleased to announce that
Mr. Yucai Huang will be immediately joining the Company, taking on the
responsibilities of Senior Accounting Manager on an interim basis until his
appointment as CFO, which will be effective on April 30, 2007.
Mr. Huang has extensive financial experience in the Canadian business
environment. He previously held the positions of Senior Finance Manager at The
Pepsi Bottling Group (Canada) and Manager of Financial Planning at
Schering-Plough Canada. In both roles, he had responsibility for the
development of short and long term financial plans and oversaw on-going
performance management. Earlier in his career in Canada, he developed skills
in financial reporting and asset and cash flow management. Mr. Huang also has
in-depth knowledge of the Chinese business environment. Before coming to
Canada, he held the position of market development manager with The Coca-Cola
(China) Limited for six years. Mr. Huang has obtained an MBA degree from the
Richard Ivey School of Business at the University of Western Ontario and holds
a CGA designation.
In connection with joining the Company, Mr. Huang will receive options
for 100,000 common shares at an exercise price of $2.50 per share, vesting
over three-year period with quarterly release in 12 equal tranches.
THE TSX VENTURE EXCHANGE NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF
THIS PRESS RELEASE.
For further information:
For further information: Kim Oishi, Chief Financial Officer, (416)