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Compliance : Sarbanes Oxley : Auditing
Wong Appointed Chairman of Audit Committee
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Henry Wong
Chairman, Audit Committee
China Industrial Waste Management
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China Industrial Waste Management, Inc. (OTC:CIWT) (BULLETIN BOARD: CIWT) , a PRC-based industrial waste processor and provider of environmental protection, pollution treatment and waste management design, has announced that the Board of Directors has established an Audit Committee consisting of three directors and Mr. Henry Wong has been appointed to serve as Chairman of the Committee.
Mr. Wong commented, "The formation of Audit Committee demonstrates management's commitment to implement the best practice of Corporate Governance. We are committed and will strive to achieve sound managerial control and carry out the Audit Committee's functions effectively and efficiently."
Other directors appointed to the Committee are Mr. Francis Leong and Mr. Chunyou Wu. The Audit Committee is comprised of three independent directors.
"We are very pleased to have Henry as Chairman of the Board's Audit Committee. We are confident that his experience will provide valuable knowledge in financial controls and corporate governance," stated Mr. Jinqing Dong, Chairman and CEO of China Industrial Waste Management.
China Industrial Waste Management, Inc. is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People's Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. ("Dongtai") and other indirect subsidiaries. Dongtai treats, disposes of and/or recycles many types of industrial wastes, and recycled waste products used by customers as raw material to produce chemical and metallurgy products.
In addition, Dongtai treats or disposes of industrial waste through incineration, burial or water treatment, and provides environmental protection services, technology consultation, pollution treatment services, waste management design processing services, waste disposal solutions, waste transportation services, onsite waste management services, and environmental pollution remediation services.
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