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8-K - CHINA AGRITECH INC | v203987_8k.htm |
EX-99.1 - CHINA AGRITECH INC | v203987_ex99-1.htm |
Exhibit
99.2
China
Agritech, Inc. Appoints New VP of Finance
BEIJING,
Nov. 19, 2010 /PRNewswire-Asia-FirstCall/ -- China Agritech, Inc. (Nasdaq: CAGC)
("China Agritech", or the "Company"), a leading organic compound fertilizer
manufacturer and distributor in China, today announced the appointment of Ms.
Choco Tan as VP of Finance, effective immediately. Ms. Linda Dai, who previously
served as VP of Finance, will head the internal auditing department going
forward.
Ms. Tan
brings six years of Big Four CPA experience across various accounting standards
in China and Malaysia, having served at PricewaterhouseCoopers ("PWC"), Ernst
& Young Hua Ming in Beijing, China, and Deloitte in Penang, Malaysia. Her
primary responsibilities included assurance and advisory services where she
conducted auditing for clients in various industries such as agriculture, coal
mining, food processing, logistics, and publications. Ms. Tan led several IPO
projects performing statutory auditing of clients' financial accounts with China
GAAP, Hong Kong GAAP, US GAAP and IFRS accounting standards. Ms. Tan also has
two years of financial controller experience at T.A.E. Engineering Works Sdn.
Bhd., a medium-sized Malaysian company, where she established and implemented a
comprehensive internal control system for the company.
Ms. Tan
is a Chartered Accountant (C.A.) of the Malaysia Institute of Accountant
("MIA"). She received her Bachelor of Accountancy at the Northern University of
Malaysia. Ms. Tan speaks English, Mandarin Chinese and Malay.
Mr. Yu
Chang, Chairman and Chief Executive Officer of China Agritech, commented, "We
believe Ms. Tan is the right candidate to serve as VP of Finance with her Big
Four accounting background, experience as a financial controller, and her
ability to manage and work with teams. We are very pleased that an individual
with Ms. Tan's expertise, professional integrity and commitment to teamwork is
joining China Agritech. In addition to our recent engagement of Ernst &
Young as our new auditor, Ms. Tan will contribute to enhancing our financial
controls and reporting standards to accommodate our continuing business growth
in China."
About
China Agritech, Inc.
China
Agritech, Inc. is engaged in the development, manufacture and distribution of
liquid and granular organic compound fertilizers and related products in China.
The Company has developed proprietary formulas that provide a continuous supply
of high-quality agricultural products while maintaining soil fertility. The
Company sells its products to farmers located in 28 provinces of China. For more
information, please visit http://www.chinaagritechinc.com.
Safe
Harbor Statement
This
press release contains certain statements that may be deemed to be
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, that address activities,
events or developments that the Company expects, projects, believes or
anticipates will or may occur in the future, including, without limitation,
statements about its business or growth strategy, general industry conditions,
future operating results of the Company, capital expenditures, expansion and
growth opportunities, financing activities and other such matters, are
forward-looking statements. Although the Company believes that its expectations
stated in this press release are based on reasonable assumptions, actual results
may differ from those projected in the forward-looking statements. Certain of
these risks and uncertainties are or will be described in greater detail in our
filings with the SEC. Except as required by law, China Agritech is under no
obligation to update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.
For
more information, please contact:
|
Mr.
Gareth Tang
|
Chief
Financial Officer
|
China
Agritech, Inc.
|
gareth@chinaagritech.com
|
Mr.
Shiwei Yin/Kevin Theiss
|
Investor
Relations
|
Grayling
|
+1-646-284-9474
|
shiwei.yin@grayling.com
|
kevin.theiss@grayling.com
|
SOURCE
China Agritech, Inc.