China Recycling Energy Appoints David Chong as CFO

China Recycling Energy, an industrial waste-to-energy solution provider in China, has appointed experienced industry veteran David Chong as chief financial officer (CFO) and secretary. The company’s previous CFO and secretary, Tony Peng, resigned on 30 December 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 CRE, from 2007-2010, Chong was the CFO for Guangdong Yan Zhi Hong (YZH) Shoes Manufacturing, a shoe manufacturer in China. In this position, he was instrumental in business and operational development, acquisition of funding, initial public offering (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 from 1991-2006, where he managed the financial operations of six plants in China with annual revenues in excess of US$250m. He has a qualification in Professional Accountancy Studies from the Association of Chartered Certified Accountants (ACCA).


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