New C.F.O.Some news:
Hanfeng Appoints Niral Merchant as Chief Financial Officer
TORONTO, ON April 4, 2011 - Hanfeng Evergreen Inc. ("Hanfeng" or the "Company") (TSX: HF), aleading provider of value-added fertilizers in China and South East Asia, today announced that Niral V.Merchant has been appointed Chief Financial Officer ("CFO") effective immediately. Mr. Merchant willreplace Paul Begin whose resignation and transition was announced in a news release dated February 11,2011.
Mr. Merchant is a Chartered Accountant with broad international experience in both public accountingand executive level financial management positions across multiple industries. Most recently, Mr.Merchant served as the CFO for Royal Laser Corp., a TSX listed steel fabrication and distributioncompany, which was acquired in 2010. Mr. Merchant holds the Chartered Financial Analyst designationfrom the CFA Institute, USA. He is a graduate of INSEAD where he completed his Masters of BusinessAdministration, primarily on the Singapore campus, and the University of Toronto with an HonoursBachelor of Commerce degree. Mr. Merchant is a qualified part-time lecturer in the fields of accountingand finance with the Edinburgh Business School at Heriot-Watt University in Scotland.
"On behalf of the board and management of Hanfeng, I want to welcome Niral to our team," statedXinduo Yu, President and CEO of Hanfeng. "His extensive capital markets and international businessexperience will serve us well as we continue to expand our business in China and South East Asia."
About Hanfeng Evergreen Inc.
Hanfeng is the largest producer of slow and controlled release fertilizers in China. It was the firstcompany to introduce the concept of slow and controlled release fertilizers into China's agriculturemarket with its establishment of the first commercial scale production in China. The Company'sproduction facilities are located in prime agricultural regions of China. Hanfeng has recently completedits first production facility outside China. Located in Surabaya, Indonesia, the facility will service thegrowing South East Asian market. Hanfeng is headquartered in Toronto, Ontario and its shares trade onthe Toronto Stock Exchange.
For more information, please contact:
Loudon Owen
Chairman of the Board of Directors
Hanfeng Evergreen Inc.
(416) 307-3276
lowen@hanfengevergreen.com
Kevin O'Connor
Investor Relations
Spinnaker Capital Markets Inc.
(416) 962-3300
ko@spinnakercmi.com