Message #3 From:
NewsBot Date: February 19, 2008 02:33:50 PM
China Housing & Land Development, Inc. Appoints Mr. William Xin as Chief Financial Officer
XI'AN, China, Feb. 15 /Xinhua-PRNewswire-FirstCall/ -- China Housing &
Land Development, Inc. 'China Housing' (OTC Bulletin Board: CHLN), a leading
developer of residential and commercial properties in northwest China, today
announced the appointment of Mr. William Xin to the position of Chief
Financial Officer.
Mr. Xin replaces Yulong Wan, who resigned the position of Chief Financial
Officer to pursue other endeavors.
Mr. Xin has over ten years of experience in finance and international
executive management operating in a broad range of industries. Most recently
he was managing partner of Golden Leaf Investment Group, where he provided
financial consulting, strategic planning, market research and venture capital
services for multiple Chinese companies. Since 2005, Mr. Xin has served as
Managing Partner at Golden Leaf Investment Group in New York City where he has
provided financial consulting, strategic planning, market research and venture
capital services on a number of projects including a hydropower company, a
nanotechnology company and two emerging telecommunications companies. From
2000 through 2005, Mr. Xin was co-founder, chairman and CEO of BChinaB, Inc.,
a vertically-integrated US-based outsourcing company, where he helped
companies such as Henry Schein, Libbey Inc., Ametek, Inc. Champion Enterprises
and Rheem Air Conditioners increase profitability by outsourcing their supply
chains to China. Mr. Xin has been featured in the Wall Street Journal and
Crain's magazine as a China business expert and has spoken on many panels
regarding China. Mr. Xin earned his Bachelor's degree and Master of Business
Administration degree from Yale University in New Haven, Connecticut.
Mr. Pingji Lu, Chairman & CEO of China Housing, said, 'We are very pleased
to have Mr. Xin join as our new CFO. He is a proven leader with extensive
finance experience and expertise, in addition to being a competent strategic
planner. Mr. Xin will spend adequate time in the United States as he becomes
the primary investor relations contact for the Company. We are confident that
he will be a valuable addition to our senior executive team and look forward
to leveraging his skill set as we continue to execute our growth plans.'
Mr. Lu continued, 'We wish to thank Yulong Wan for his substantial
contributions to China Housing. During Mr. Wan's tenure, he was instrumental
in building the Company's strong financial and corporate structure, and also
helped facilitate our integration into the US public markets during 2006. We
wish him the best in his future endeavors.'
About China Housing & Land Development, Inc.
Based in Xi'an, the capital city of Shaanxi province in China, China
Housing & Land Development, Inc. is the largest private developer of
residential and commercial properties. China Housing has been an independent
business since 1992 and became a U.S. public company in 2006.
Cautionary Statement Regarding Forward-Looking Information
This Press Release may contain forward-looking information about China
Housing & Land Development, which are covered under the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of forward-
looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,'
'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof
or comparable terminology, and include discussions of strategy, and statements
about industry trends and China Housing & Land Development's future
performance, operations and products. Actual performance results may vary
significantly from expectations and projections. This and other 'Risk Factors'
are contained in China Housing & Land Development, Inc.'s public filings with
the SEC.
For more information, please contact:
China Housing & Land Development, Inc. Jing Lu Tel: +86-29-82582632 Email: jinglu@chldinc.com
Investors: Matthew Hayden HC International, Inc. Tel: +1-561-245-5155 Email: matt.hayden@hcinternational.net