Asia Carbon Industries Announces Appointment of New CFO

Asia Carbon Industries, Inc. has appointed Elaine Zhao, as its new chief financial officer.


Zhao brings over 15 years of professional expertise in auditing, financial and general management through her past experience.


In 2005, Zhao founded ELZ Accountancy Corp., a Los Angeles based accounting and financial advisory firm, and she has served as its president since that time. In her work with ELZ, Zhao has served clients including privately owned and publicly traded company in various industries and has worked with banks in financing small businesses.


Zhao has held Registered Investment Advisor Representative and Registered General Securities Representative at a national brokerage firm since October 2002. From July 2007 to June 2010, Zhao served as chief financial officer for Biostar Pharmaceuticals, Inc., a public company with its securities trading on NASDAQ.


From October 2000 to October 2005, Zhao worked as accountant and auditor at Liang & Company Accountancy Corp. in Los Angeles. Zhao currently also serves as chief financial officer for China Power Equipment, Inc., a public company with its securities trading on OTC Markets.


She holds a Master of Science in Finance from the Kelley School of Business at Indiana University and is a Certified Public Accountant.

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