XI'AN, China, Aug. 9, 2011 /PRNewswire-Asia-FirstCall/ -- Sino Clean Energy Inc. (Nasdaq: SCEI) ("Sino Clean Energy" or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in China, today announced that the Company's board has appointed Mr. Paul K. S. Chiu as Chairman of the Audit Committee, effective July 20, 2011. The company has filed an 8-K notice to this effect with the Securities and Exchange Commission (SEC).
Mr. Paul Chiu has extensive experience in corporate finance and management at both Hong Kong and Canadian companies. He currently serves as Independent Director and the Chairman of the Audit Committee at China Ritar Power Corp., a publicly traded company listed on NASDAQ. He is also Director of Wai Chong Company (a member of the Chinese Gold & Silver Exchange, Hong Kong) and Lightscape Technologies Inc., where he served as Financial Consultant responsible for SEC financial reporting and compliance for five years. His earlier experiences include President at Small Business Services Inc., General Manager at Search Asia Finance Ltd., and Senior Investment Officer at Bank of America (Asia) Ltd.
Mr. Chiu earned his bachelor degree in commerce from the University of Ottawa and his MBA from the University of British Columbia, Vancouver. He is a Canadian Chartered Accountant and member of Ontario Institute of Chartered Accountants and Canadian Institute of Chartered Accountants.
About Sino Clean Energy
Sino Clean Energy is the third largest producer of coal-water slurry fuel ("CWSF") by sales in China, according to data provided in Frost & Sullivan's 2010 Chinese CWSF market report. A leader in developing CWSF as a cleaner alternative to burning coal aggregate in heating, industrial and power generation for residential and industrial applications, the Company has seven production lines located in Shaanxi, Liaoning, and Guangdong provinces. For more information about Sino Clean Energy, please visit http://www.sinocei.net .
SOURCE Sino Clean Energy Inc.