SHENYANG, China, July 13, 2006 (PRIMEZONE) -- Great China International Holdings, Inc. (OTCBB:GCIH) today announced the appointments of Jinrong Chen and Jianguo Wang to its board of directors, filling the vacancies on the five-person board created by the resignations of Jiang Peng and Li Guang Hua.
"Ms. Chen and Mr. Wang bring a wealth of experience in finance and real estate that we believe will be extremely valuable in our continued growth as one of the largest real estate development and management companies in Northeast China," said Paul Deng, chief executive officer. "We look forward to their contributions and insights as independent members of the board."
Ms. Chen, 47, an associate professor at the Executive Education Center, School of Economics & Management of Tsinghua University in Beijing, specializes in research, teaching and consulting in corporate finance, financial reports analysis for public companies, capital operation and corporate organization and control. She has published more than 20 articles and books and also teaches at Peking University and Kyung Hee University.
Previously, Ms. Chen served as dean and academic commissioner of Beijing Electronics & Information Institute; deputy director of the China Computer Investigation Department; and deputy general manager of Beijing Huasichuang Investment Consulting Co. and Huaqing Caizhi Management Consulting Co. Ms. Chen also is an independent director and senior financial consultant of Chinatex, Chinese Business View Group, Xianju Pharmacy and Hebei Meihua Monosodium Glutamate Group. She is a graduate of the program of advanced financial and taxation studies at the Central University of Finance and Economics in Beijing.
Mr. Wang, 32, is an architect and currently serves as technology director of Shenyang Jinmao Building Real Estate Co., Ltd. Previously, he was the design director of Shenyang Vanke Real Estate Development Co., Ltd. from 2004 to 2006, and the planning director of Shanghai Jingce Duyi Space and Real Estate Research Institute Co., Ltd. from 2003 to 2004. Prior to that, he served as part-time architect of Liaoning Provincial Architecture Design Research Institute and head of Yuandian Architecture Design Workshop. He taught and served as an architect in the architecture department of Shenyang Architecture Engineering College from 1996 to 1999. Mr. Wang holds both master and bachelor degrees in architecture from Shenyang Architecture Engineering College and is currently working towards a doctorate degree in architecture theory at Tongji University.
About Great China International Holdings
Founded in 1989, Great China International Holdings' wholly owned subsidiary, Shenyang Maryland International Industry Co., Ltd., is one of the largest non-state-owned real estate developers in Northeast China. The company's core business is premium residential and commercial development and management. It currently owns and manages the President Building, which was completed in April 2002, with 25 tenants comprised of Fortune 500 companies, including General Electric (China) Co., Ltd., Johnson & Johnson, Kodak and Philip Morris. The company's prior developments included the Maryland Building, Roma Resort Garden, Qiyun New Village, Peacock Garden, University Campus of Shenyang Teacher's University, and Chenglong Garden, mostly located in Shenyang.