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China Zenix Appoints New Chief Financial Officer and Vice President Finance

ZHANGZHOU, China, March 6, 2014 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company") the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, is pleased to announce today that Mr. Martin Cheung has been appointed as the Chief Financial Officer effective immediately.

Mr. Cheung brings over 13 years of experience in accounting and finance with publicly and privately held companies.

He was most recently Chief Financial Officer of Profound Heavy Company Limited, and he has been Finance Director of Norstar Founders Group Limited (2339: HK), recently renamed Beijing West Industry International, and he was the Corporate Finance Director at Grant Thornton Corporate Finance Limited.  Additionally, he held management positions at Japan Asia Securities and Daiwa Securities. He currently is an independent director of Ninetowns Internet Technology Group Company Ltd., (Nasdaq: NINE) and Boyaa Interactive International Ltd., (434: HK). Mr. Cheung was a senior auditor at Deloitte Touche Tohmatsu. 

Mr. Cheung is a Certified Public Accountant, with a master's degree in Accounting from Curtin University of Technology (Australia), a master's of Science degree in Finance (Investment Management) from the Hong Kong University of Science and Technology, and a bachelor's degree in Social Sciences from the University of Hong Kong.

Additionally, Mr. Yuzhou Wang has been appointed Vice President of Finance. Mr. Wang has a strong background in financial reporting and systems with the qualifications of CICPA, CTA, ACCA and CIA.  Before joining Zenix Auto in 2011, he mainly worked as an audit manager at Deloitte and as a transaction service manager at PricewaterhouseCoopers Consulting.

Mr. Junqiu Gao, Deputy Chief Executive Officer of Zenix Auto, commented, "We are pleased to welcome Martin to our executive management team, and we believe his financial and operational experiences will provide significant contributions to help us meet our strategic goals in the future."

About China Zenix Auto International Limited

China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume. With a large intellectual property portfolio, the Company offers more than 430 series of tubed steel wheels, tubeless steel wheels, and off-road steel wheels in both the aftermarket and OEM market in China and internationally. The Company's customers include group members of a number of large PRC commercial vehicle manufacturers, and it also exports products to over 80 distributors in more than 30 countries worldwide. With five large, strategically located manufacturing facilities in multiple regions across China, the Company has an aggregate annual production capacity of approximately 15.0 million units of steel wheels as of September 30, 2013. For more information, please visit: http://www.zenixauto.com/en.

Safe Harbor

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. The Company may make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these risks is included in our filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For more information, please contact

Investor Contact:
Kevin Theiss / Shiwei Yin
Grayling
Tel: +1-646-284-9409
Email: [email protected] / [email protected]

Media Contact:
Ivette Almeida Grayling
Tel: +1-917-302-9946
Email: [email protected]

SOURCE China Zenix Auto International Limited

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