Business News
Duoyuan Printing Appoints Chui Man Lung Everett to its Board of Directors
Tuesday 30. November 2010 - Duoyuan Printing, Inc. (NYSE: DYP) ("Duoyuan Printing" or the "Company"), a leading offset printing equipment supplier in China, today announced the appointment of Chui Man Lung Everett to its board of directors, effective from November 26, 2010. Mr. Chui will also serve on the Company's audit committee.
Mr. Chui Man Lung Everett, is a member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants and a member of the Institute of Chartered Accountants in England and Wales. Mr. Chui qualified as a Professional Accountant with KPMG HK in 1990 and left KPMG in 1993. Before his departure, he was in charge of audits for banks, fashion retailers and manufacturers listed on the Main Board of the HKEx, an IPO audit for a major national corporation and participated in the restructuring of 2 banking groups. Since then Mr. Chui has worked on IPO and pre-IPO projects in various industries in China and Hong Kong before joining Yau Lee Holdings Limited (HKEx: 0406.HK) as the Financial Controller and Company Secretary. Mr. Chui is a founding partner of Cen-1 Partners Limited, a firm which provides professional advisory services for company restructurings, mergers & acquisitions, pre-IPO companies and fund-raising exercises. His clients include listed and private companies operating in China, Hong Kong, South East Asia and Europe. Mr. Chui was an independent non-executive director of Cosmopolitan International Holdings Ltd (HKEx: 0120.HK) from 2002 to 2003 and is currently an independent non-executive director and Chairman of the Audit Committee of Wing Hing International (Holdings) Limited (HKEx: 0621.HK).
Mr. Chui was educated in Hong Kong and in the United Kingdom. He holds a Bachelor of Social Sciences (Honours) Degree in Business Economics & Accounting awarded by the University of Southampton in the United Kingdom.
“We are very pleased to have Mr. Chui on board,” commented Mr. Wenhua Guo, Chairman and founder of Duoyuan Printing. “Our primary concern is that the independent investigation is completed and we are addressing open topics so that we can finalize our 10-K filing. Mr. Chui has extensive experience auditing listed companies and he will be a great asset as we rebuild investor confidence in Duoyuan Printing and continue to grow our business.”
“I am pleased to be joining Duoyuan Printing at this important time for the Company,” commented Mr. Chui. “I am looking forward to working closely with Duoyuan Printing’s management to support them as they continue to build strong standards of corporate governance.”