China Dongxiang Appoints Mr. Hon Ping Cho, Terence as CFO

HONG KONG, Dec. 10 /PRNewswire-Asia/ -- The leading international fashion sportswear brand enterprise in the PRC, China Dongxiang (Group) Co, Ltd ("China Dongxiang" or "the Company"; stock code: 3818, together with its subsidiaries the "Group") announced the appointment of Mr. Hon Ping Cho, Terence, as the Chief Financial Officer and a member of executive committee of the Company, with effect from 13 December 2010.

Mr. Hon has over 25 years of experience in auditing, accounting, treasury and financial management fields. He holds a masters degree in Business Administration (Financial Services) from The Hong Kong Polytechnic University. He is a fellow member of the Association of Chartered Certified Accountants, a member of the Hong Kong Institute of Certified Public Accountants and a member of the Institute of Chartered Accountants in England and Wales. Mr. Hon had been working in different listed companies. Prior to joining China Dongxiang, he was the Chief Financial Officer of K.Wah Construction Materials Limited, the subsidiary of Galaxy Entertainment Group Limited (Stock code: 0027), in charge of its finance, IT and legal functions. Besides, Mr. Hon had been working as the Finance Director of TOM Group Limited (Stock code: 2383) and worked with KPMG for more than 7 years.

Mr. Qin Dazhong, Vice Chairman of China Dongxiang said, "On behalf of the board, I would like to extend my warmest welcome to Mr. Hon. With Mr. Hon's expertise and ample experience, together with the continuous support from the Board, we believe that Mr. Hon will be able to further strengthen the Company's financial management and draw up prudent capital management strategies, to support the Company's global perspective and business expansion plan as well as to help build a more solid foundation for the Company's future development."

About China Dongxiang (Group) Co., Ltd.

China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise based in China and was successfully listed on the Stock Exchange of Hong Kong Limited on 10 October 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally recognized Kappa Brand in mainland China, Macau and Japan and Robe Di Kappa Brand in China. Its products convey an active, fashionable and youthful image and are warmly welcomed by China's fast growing and high potential consumers. The Group completed the acquisition of a Japan sportswear enterprise Phenix on 1 May 2008. Phenix, the most popular ski brand in Japan with the largest market share, has gained strong recognition in the international market.

    For further information, please contact:

     Ms. Fiona Ko
     Tel: +852 3150 6750
     Email: [email protected]

SOURCE China Dongxiang (Group) Co, Ltd