China Recycling Energy Corp. makes David Chong CFO

China Recycling Energy Corp. has appointed David Chong as its chief financial officer and secretary effective immediately. The company's previous CFO and secretary, Tony Peng, resigned effective December 30, 2010.


Chong brings with him over 20 years working experience in medium to large private and publicly listed manufacturing companies. Familiar with navigating China, US, Europe, Singapore and other capital markets, his expertise includes international financial management and operations, auditing, funding, business development, internal control maintenance, corporate governance and investor relations. He has been consulting with the company since June 2010 and has been active on the investor outreach front, conducting non deal road shows in the US, Europe and Asia. Prior to joining CREG, from 2007 – 2010, Chong was the CFO for Guangdong Yan Zhi Hong Shoes Manufacturing Co., Ltd, a leading shoe manufacturer in China. In this position, he was instrumental in business and operational development, acquisition of funding, IPO and listing process, investor outreach as well as the company's budgeting and financial planning. Before working with YZH, Chong was the financial controller for Amtek Engineering Limited from 1991 – 2006 where he managed the financial operations of six plants in China with annual revenues in excess of $250 million. He has qualification in Professional Accountancy Studies from ACCA (the Association of Chartered Certified Accountants).

Chong is fluent in both English and Mandarin and resides in Xi'an, People's Republic of China.

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