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Friday, May 27, 2011 6:20:56 PM
China BAK Battery, Inc. ("China BAK" or the "Company") (NASDAQ: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company's board of directors promoted Mr. Ke Marcus Cui to chief financial officer, treasurer and secretary, effective immediately. Mr. Cui had been serving as the Company's interim chief financial officer since December 2010 and director of investor relations since September 2010.
Mr. Cui brings a wealth of experience in management, accounting, auditing, financial analysis and reporting. Previously, Mr. Cui served as assistant to the general manager of BAK Tianjin, transitioning to the position of marketing and sales director and most recently he served as the finance director of BAK Tianjin. He also worked in Japan for Nomura Institute of Capital Market Research as assistant researcher. Mr. Cui earned his Bachelor of Science degrees in project management and economic information management from Chiba University of Japan and Jilin University, respectively, and a Master's degree in international financial analysis from University of Newcastle England. Mr. Cui is fluent in Mandarin, English and Japanese.
Mr. Xiangqian Li, China BAK's president and chief executive officer, stated, "Mr. Cui continues to work hard to improve the Company's financial condition since his appointment as interim chief financial officer and has gained recognition from the board and senior management. We are delighted to promote Mr. Cui into the CFO position. Throughout his tenure at China BAK and BAK Tianjin, Marcus has successfully taken on roles of increasing responsibility demonstrating his commitment to achieve excellence. He has a strong understanding of our business and operations and we are confident in his ability to continue to steer China BAK through this turnaround period."
About China BAK Battery, Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles. For more information regarding China BAK Battery, Inc., please visit www.bak.com.cn.
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