China BAK Appoints Danny Pan as New Chief Financial Officer
SHENZHEN, China, Jan. 8, 2013
SHENZHEN, China, Jan. 8, 2013 /PRNewswire/ -- China BAK Battery, Inc. ("China
BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of
lithium-based battery cells, today announced that Mr. Danny Pan has been
appointed as the Company's new chief financial officer, treasurer and
secretary, effective immediately.
Mr. Danny Pan is a Canadian Chinese with over 15 years of financial advisory
experience in Hong Kong and Mainland China.Prior to joining China BAK, Mr.
Pan served from 2009 as CFO and successfully completed the pre-IPO fund
raising for Great East Packaging Group, a leading PRC Coke supplier of PET
bottles and OEM bottled water.From 2010 to 2012, Mr. Pan served as the
financial adviser for Mr. Jiang Xiaosong, the major planner and promoter of
Boao Forum for Asia and the Chairman of Chambow Group.From 2003 to 2008, Mr.
Pan held the Financial Controller position at a Sino-Japanese joint venture in
Sichuan province that specialized in tea processing.Mr. Pan began his career
with PricewaterhouseCoopers with focus on IPO and MNC audit.In 1996, Mr. Pan
earned his bachelor of Business Administration in Accounting at Simon Fraser
University in Canada and became a member of AICPA in 2001. Mr. Pan is fluent
in English, Mandarin and Cantonese.
"It is with great excitement that we welcome Danny Pan to our management
team," said Mr. Xiangqian Li, China BAK's President and Chief Executive
Officer. "Mr. Pan is a seasoned financial executive who brings more than 15
years of corporate finance and management experience. We look forward to
drawing upon Mr. Pan's vast operational and financial expertise as we continue
to expand our established leadership position in consumer electronic and
electric vehicle batteries in China."
About China BAK Battery, Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of
lithium-based battery cells. The Company produces battery cells that are the
principal component of rechargeable batteries commonly used in cellular
phones, smart phones, notebook computers, e-bikes, electric vehicles, power
tools, uninterruptible power supplies, and portable consumer electronics such
as portable media players, portable gaming devices, personal digital
assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets.
China BAK Battery, Inc.'s production facilities, located in Shenzhen and
Tianjin, PRC, cover over three million square feet. For more information
regarding China BAK Battery, Inc., please visit http://www.bak.com.cn.
Safe Harbor Statement
This press release contains forward-looking statements, which are subject to
change. The forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. All
"forward-looking statements" relating to the business of China BAK Battery,
Inc. and its subsidiary companies, which can be identified by the use of
forward-looking terminology such as "believes," "expects" or similar
expressions, involve known and unknown risks and uncertainties which could
cause actual results to differ. Please refer to China BAK's Annual Report on
Form 10-K for the fiscal year ended September 30, 2012, as well as other SEC
reports that have been filed since the date of such annual report, for
specific details on risk factors. Given these risks and uncertainties, you are
cautioned not to place undue reliance on forward-looking statements. China
BAK's actual results could differ materially from those contained in the
forward-looking statements. China BAK undertakes no obligation to revise or
update its forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
SOURCE China BAK Battery, Inc.
Contact: Investor Relations Department of China BAK Battery, Inc.,
+86-755-61886818 ext 6856; firstname.lastname@example.org
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