Attached files
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8-K - SHARING ECONOMY INTERNATIONAL INC. | v208811_8k.htm |
EX-99.3 - SHARING ECONOMY INTERNATIONAL INC. | v208811_ex99-3.htm |
EX-99.1 - SHARING ECONOMY INTERNATIONAL INC. | v208811_ex99-1.htm |
Exhibit
99.2
China
Wind Systems Appoints KRC to Develop a SOX 404 Compliance Program
Press Release Source: China
Wind Systems, Inc. On Thursday January 13, 2011, 10:00 am EST
WUXI,
China, Jan. 13, 2011 /PRNewswire-Asia-FirstCall/ -- China Wind Systems, Inc.
(Nasdaq:CWS -
News), ("China
Wind Systems" or the "Company"), a leading supplier of forged products and
industrial equipment to the wind power and other industries in China, today
announced that on January 12, 2011, the Company engaged Shanghai KRC Business
Consulting Co., Ltd. ("KRC") to assist the Company in preparing for the
compliance of the internal control over financial reporting requirements of
Article 404 of the Sarbanes-Oxley Act ("SOX 404").
KRC's SOX
compliance service team will assist China Wind Systems to meet the requirements
of SOX 404. KRC's blend of international experience and local knowledge provides
the support and counseling to prepare a SOX 404 compliance program, evaluate and
document new procedures for the Company's internal controls and make
recommendations to manage SOX 404 compliance. KRC has assisted many companies
listed in the U.S. in establishing and maintaining SOX 404 compliance
programs.
"We are
pleased to engage KRC to assist China Wind Systems in complying with the SOX 404
reporting requirements," said Mr. Fernando Liu, Chief Financial Officer of China
Wind Systems. "KRC will play an important role in assisting the Company to
achieve its goal of strengthening internal controls. We are committed to
establishing and maintaining sound corporate governance principles, which we
believe is critical to creating long-term shareholder value."
About
Shanghai KRC Business Consulting Co., Ltd.
KRC
Certified Public Accountants Co., Ltd. is a professional local firms association
that provides audit, tax, and advisory services, with a business focus. The aim
of KRC is to turn knowledge into value for the benefit of the firm's clients,
people, and the capital markets. Most of its professional consultants have
several years of experience working with the Big Four CPA firms and
multinational companies as local management. KRC's industry experience spans
from manufacturing, hi-tech, infrastructure, telecom, pharmaceutical to trading,
real estate, retailing, financial and professional services. Its corporate
clients include multinational companies, foreign invested enterprises, private
companies and SOEs, some of which are Global 100 and Fortune 500
companies.
About
China Wind Systems, Inc.
China
Wind Systems, Inc. is a profitable, rapidly growing supplier of precision forged
components primarily to the wind industry in China - the world's leading
wind-power market. The Company also supplies forged and other components and
fabricated products to other industries. For more information on the Company,
visit http://www.chinawindsystems.com.
Information on the Company's Web site or any other Web site does not constitute
a portion of this release.
Safe
Harbor Statement
This release contains certain
"forward-looking statements" relating to the business
of the Company and its subsidiary and affiliated companies. These forward
looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions. Such forward
looking statements involve known and unknown risks and uncertainties that may
cause actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date of
this press release. The Company's actual results could differ materially from
those anticipated in these forward-looking statements as a result of a variety
of factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
(www.sec.gov). All forward-looking statements
attributable to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
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For
more information, please contact:
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Company Contact:
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Investor Relations Contact:
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Mr. Fernando Liu
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Mr. Athan Dounis
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Chief Financial Officer
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CCG Investor Relations
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China Wind Systems, Inc.
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Tel: +1-646-213-1916
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Tel: + 86-13761347367
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Email: athan.dounis@ccgir.com
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Email: fol@chinawindsystems.com
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Web: www.ccgirasia.com
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Web: www.chinawindsystems.com
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