Mr. Sik has more than twenty years of experience in investment banking and
finance. Mr. Sik is an independent non-executive director of Simcere
Pharmaceutical Group and China Nepstar Chain Drugstore Limited, both listed on
the New York Stock Exchange. He is also an independent non-executive director
of China Glass Holdings Limited, a company listed on the Hong Kong Stock
Exchange. He has held senior positions with DBS Asia Capital Limited and
Mitsubishi UFJ Securities (HK) Limited, as well as ICEA Capital Limited, the
investment banking arm of ICBC, where he was responsible for business
development and regional business operations. Mr. Sik obtained both a
Bachelor's degree in engineering with first class honors and a Master's degree
from
"Our management team welcomes Mr. Sik to the board," commented Mr.
"I am excited to join Duoyuan Printing at this critical time for the Company," commented Mr. Sik. "Duoyuan Printing's management are committed to high standards of corporate governance and I will be working to help them achieve and maintain these standards going forward."
About Duoyuan Printing
Duoyuan Printing (NYSE: DYP) is a leading manufacturer of commercial
offset printing presses in
Safe Harbor Statement
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 that involve risks, uncertainties and
assumptions. All statements other than statements of historical fact in this
press release are forward-looking statements, including but not limited to,
our future financial condition, our expected corporate governance improvements,
the future growth of our business, our ability to resolve open audit issues
and schedule of the filing of our annual report. These forward-looking
statements are based on management's current expectations, assumptions,
estimates and projections about the Company and the industry in which the
Company operates, but involve a number of unknown risks and uncertainties,
including, without limitation, our ability to sustain our recent profitability
and growth rates, our ability to retain an independent registered public
accounting firm, the possibility that we may not meet our strategic goals or
may develop other priorities, and other risk factors detailed in our Annual
Report on Form 10-K for the fiscal year ended
For investor and media enquiries please contact: Brunswick Group Henry Fraser Tel: +86-10-6566-2256 Email: duoyuanprinting@brunswickgroup.com
SOURCE Duoyuan Printing, Inc.