Business News

Duoyuan Printing Appoints Sik Siu Kwan to its Board of Directors

Monday 04. October 2010 - Duoyuan Printing, Inc. (NYSE:DYP - News) ("Duoyuan Printing" or the "Company"), a leading offset printing equipment supplier in China, today announced the appointment of Sik Siu Kwan to its board of directors, effective from September 26, 2010. Mr. Sik will also serve on the Company's audit committee.

Mr. Sik has more than twenty years of experience in investment banking and finance. Mr. Sik is an independent non-executive director of Simcere Pharmaceutical Group and China Nepstar Chain Drugstore Limited, both listed on the New York Stock Exchange. He is also an independent non-executive director of China Glass Holdings Limited, a company listed on the Hong Kong Stock Exchange. He has held senior positions with DBS Asia Capital Limited and Mitsubishi UFJ Securities (HK) Limited, as well as ICEA Capital Limited, the investment banking arm of ICBC, where he was responsible for business development and regional business operations. Mr. Sik obtained both a Bachelor’s degree in engineering with first class honors and a Master’s degree from Oxford University in 1989 and 2006 respectively. He is a member of The Institute of Chartered Accountants in England and Wales and a fellow member of the Hong Kong Institute of Certified Public Accountants.

“Our management team welcomes Mr. Sik to the board,” commented Mr. Wenhua Guo, Chairman and founder of Duoyuan Printing. “Our first priority will be to work closely with the audit committee to address open topics and finalize our 10-K filing. I am confident that Mr. Sik has the ideal range of experience to help us rebuild investor confidence in Duoyuan Printing and assist us as we grow our business.”

“I am excited to join Duoyuan Printing at this critical time for the Company,” commented Mr. Sik. “Duoyuan Printing’s management are committed to high standards of corporate governance and I will be working to help them achieve and maintain these standards going forward.”