People: China Natural Gas Inc (CHNG.PK)


CHNG.PK on OTC Markets Group

1.09USD
17 Jun 2013
Price Change (% chg)

$0.01 (+0.93%)
Prev Close
$1.08
Open
$1.02
Day's High
$1.34
Day's Low
$1.02
Volume
11,420
Avg. Vol
29,971
52-wk High
$1.58
52-wk Low
$0.40

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Summary

Name Age Since Current Position

Shuwen Kang

 62 2011 Chief Executive Officer

Zhiqiang Wang

 71 2006 Independent Vice Chairman of the Board

Zhaoyang Qiao

 37 2012 Chief Financial Officer

Xiang Dong Yang

 45 2008 Director

Lawrence Leighton

 78 2008 Independent Director

Frank Waung

 47 2010 Independent Director
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Biographies

Name Description

Shuwen Kang

 Mr. Shuwen Kang has been appointed as Chief Executive Officer of China Natural Gas, Inc., effective October 4, 2011. Most recently from 2011, Mr. Kang has been vice president of Xi’an Xilan Natural Gas Co., Ltd. (“Xi’an Xilan”), the variable interest entity of one of the Company’s subsidiaries, and is in charge of Xi’an Xilan’s business operations. From 2006 to 2010, Mr. Kang served as senior counsel to Xi’an Xilan, responsible for making strategic and business development plans for the Company. Mr. Kang has experience in the operations and management of the Company and in the natural gas industry in general. Mr. Kang holds an associate degree in Party and Government Management from the Party School of the Shaanxi Provincial Committee of the Communist Party of China.

Zhiqiang Wang

 Mr. Zhiqiang Wang is an Independent Vice Chairman of the Board of China Natural Gas Inc., since 2006. From 2002 until his retirement in 2004, Mr. Wang was the Chief Executive Officer of Xi'an Municipal Government Construction Company where he was in charge of the city's construction projects. Mr. Wang was the former head of energy industry regulations from 1992 to 2002 as well as the Vice Mayor of the city of Xi'an, China's western city with a population of approximately 8.5 million, in which position he was in charge of regulating and licensing the city's energy and natural gas businesses. Mr. Wang graduated from the Northwestern University of Politics and Law in China in 1962.

Zhaoyang Qiao

 Mr. Zhaoyang Qiao has been appointed as Chief Financial Officer of China Natural Gas, Inc., effective May 2, 2012. He brings over a decade of experience in accounting. Mr. Qiao has been employed at the Company since December 2009 as Financial Manager, where he is responsible for the preparation of the Company’s financial statements under US GAAP and carrying out reforms for Sarbanes-Oxley requirements. Prior to joining the Company, from September 2006 through September 2009, he served as International Financial Supervisor for Fujitsu (Xian) System Engine Co., Ltd., which is a Fortune 500 company primarily engaged in communication equipment, IT equipment and software development. Prior to his employment at Fujitsu Mr. Qiao was an accountant at Xian Janssen Pharmaceutical Co. from July 1998 through September 2006. Mr. Qiao received his bachelor’s degree in Accounting from Shaanxi Finance and Economics College in 1998.

Xiang Dong Yang

 Mr.Yang Xiang Dong is Director of China Natural Gas Inc., since August 2008. Mr. Yang is a founding partner and president of Abax Global Capital (“AGC”), a Hong Kong based asset management firm focused on Asian public and private investments especially in Greater China. He has held this position since March 2007. From 2000 to 2007, Mr. Yang was a Managing Director responsible for Merrill Lynch’s Hong Kong and China Debt Capital Markets division. Mr. Yang also served as a director for Sinoenergy Corporation, until September 25, 2010 when Sinoenergy Corporation underwent a change of control and delisted from NASDAQ. Mr. Yang holds an MBA degree from Wharton School of Business and a BA degree from Nankai University in China. Abax Lotus Ltd., an affiliate of AGC, was the sole investor in the Company’s $40 million note financing which closed in January 2008. Mr. Yang was nominated to the Board by Abax Lotus Ltd. pursuant to the investor rights agreement entered into with Abax Lotus Ltd. in 2008 in connection with the notes financing. However, Abax Lotus Ltd. does not have the right to nominate a person for election to the Board at the Annual Meeting because it no longer holds 10% or more of common stock on a fully diluted basis.

Lawrence Leighton

 Mr. Lawrence W. Leighton is an Independent Director of China Natural Gas Inc., since August 2008. Mr. Leighton has had an 45-year international investment banking career. Beginning at what became Lehman Brothers, he advised on financing for the Mexican Government and Mexican corporations. As Director of Strategic Planning for the consumer products company, Norton Simon Inc, he initiated and executed the acquisition of Avis Rent-a-Car. Subsequently, he was a Limited Partner of Bear Stearns & Co., a Managing Director of the investment bank of Chase Manhattan Bank and then President and Chief Executive Officer of the U.S. investment bank of Credit Agricole, the French Bank. Among his transactions have been advising Pernod Ricard, the European beverage company, on its acquisitions in the United States; and advising Verizon, the U.S. telecom company, on its dispositions of certain European operations. Since 1997, Mr. Leighton has been a Managing Director of Bentley Associates, an investment banking firm. Mr. Leighton received his BSE degree in engineering from Princeton University and an MBA degree from Harvard Business School. He holds a commercial pilot’s license with instrument rating.

Frank Waung

 Mr. Frank Waung is an Independent Director of China Natural Gas, Inc. since November 25, 2010. Mr. Waung has served as the Chief Financial Officer of China Pharma Holdings, Inc., a China-based manufacturer of pharmaceuticals, since April 28, 2009. China Pharma Holdings, Inc. is listed on the NYSE AMEX stock market. Prior to his employment with China Pharma Holdings, Inc., Mr. Waung worked for Hickey Freihofner Capital as an investment banker with a focus on China matters from 2008. Prior to 2008, Mr. Waung worked for Dellacamera Capital Management as a special situations analyst in 2007. Mr. Waung acted as a senior market economist in Cowen & Co. from 2000 to 2003 and as a convertible securities trader from 2003 to 2006. He worked for Credit Suisse First Boston as a quantitative marketer from 1994 to 1998. Mr. Waung received his bachelor’s degree from the University of California in 1988 and his master’s degree in business administration from the Wharton School of the University of Pennsylvania in 1994.

Basic Compensation

Name Fiscal Year Total

Shuwen Kang

 --

Zhiqiang Wang

 --

Zhaoyang Qiao

 --

Xiang Dong Yang

 --

Lawrence Leighton

 --

Frank Waung

 --
As Of 

Options Compensation

Name Options Value

Shuwen Kang

 0 0

Zhiqiang Wang

 0 0

Zhaoyang Qiao

 0 0

Xiang Dong Yang

 0 0

Lawrence Leighton

 0 0

Frank Waung

 0 0

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