NEW YORK and GUANGZHOU, China, July 6, 2010 (GLOBE NEWSWIRE) -- Sino Green Land Corporation (OTCBB:SGLA), a leading distributor of high-end fruits, vegetables and green foods in China, today announced the appointment of Mr. Chan Kin Hang (Danvil) and Ms. Karen Tse as new independent members of the company's board of directors. These appointments increase the number of independent directors to three, with the full board now comprised of a total of five members. As a result, Sino Green Land now satisfies the independent board member requirements to have its stock listed on a senior U.S. stock exchange.
Anson Fong, Chairman and Chief Executive Officer, commented, "We welcome Danvil and Karen's participation as new independent members of Sino Green Land's board of directors. Danvil has over 20 years' experience in accounting and finance, as well a successful track record advising companies across a wide array of industries throughout Asia. His broad finance and corporate governance experience will be valuable as we undertake initiatives to increase profitability and enhance our internal infrastructure to support our anticipated growth."
Anson Fong continued, "We are also very pleased to have Karen join our board. She brings over 14 years of investment banking experience at RBS and JPMorgan, and has accumulated extensive knowledge and experience providing capital markets and strategic advisory services across a broad range of industries. Karen will be an important asset for Sino Green Land as we accelerate our green food initiatives including the launch of our new distribution hub later this year."
Mr. Chan Kin Hang is the founder of K.H. Chan & Co., a Certified Public Accounting firm. He is also a Managing Director of Honest Joy Accounting Service Co Limited and Honest Joy Secretarial Co Limited. In addition, he serves as a Director and Chairman of the Audit Committee for China Medical and Bio Science Limited, a public company listed on the Hong Kong Stock Exchange. Mr. Chan is a member of the Society of Chinese Accountants & Auditors, a fellow member of the Hong Kong Institute of Certified Public Accountants, and an associate of the Institute of Financial Accountants of the United Kingdom. He obtained a Masters Degree in Accounting from the Curtin University of Technology, Australia in 1999.
Ms. Tse currently serves as a Director for APAC Regional Investment & Integration Management at The Royal Bank of Scotland (RBS). Recently, she completed the execution of the sale of RBS' Taiwan branch to the Australian & New Zealand Banking Group Limited, the third largest bank in Australia. She is actively involved in the bank's strategic business developments both regionally and globally. Prior to joining RBS, Ms. Tse worked in the investment banking department of JPMorgan Securities for over 12 years. While at JPMorgan Securities, she held a number of senior positions, including Vice President and Regional Business Manager for JPMorgan covering M&A advisory and capital markets origination across the Asia Pacific region. Ms. Tse holds a BBA in Finance & Economics from the University of Iowa.
About Sino Green Land Corporation
Sino Green Land Corporation is a leading agricultural distributor of high end fruits and vegetables in the People's Republic of China. Since its inception in 2003, Sino Green Land has grown from a small distributor of various produce to become a large distributor of high end fruits such as: Fuji apples, emperor bananas and tangerine oranges. Sino Green Land is also a leading Green Food distributor. The Green Food designation is an important standard set by China's Ministry of Agriculture, and recognized by over 40 trade partner countries. Through its relationship with the China Green Food Association, Sino Green Land has access to distribute over 17,000 food items from more than 6,000 producers. The company's Green Food distribution covers both Chinese and overseas markets. Green Foods are a fast growing market within China, and are becoming increasingly popular throughout the world. Sino Green Land has built a solid reputation, a sophisticated supply chain and a distribution network that stretches from Beijing to Guangzhou.
This press release may contain forward-looking statements. Such statements include, among others, those concerning the company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the company's ability to overcome competition in its market; the impact that a downturn or negative changes in the price of the company's products could have on its business and profitability; the company's ability to simultaneously fund the implementation of its business plan and invest in new projects; economic, political, regulatory, legal and foreign exchange risks associated with international expansion; or the loss of key members of the company's senior management; any of the factors and risks mentioned in the "Risk Factors" sections of the Company's amended current report on Form 10K/A filed on April 30, 2010. The Company assumes no obligation, and does not intend, to update any forward-looking statements, except as required by law.