BEIJING, May 2, 2012 /PRNewswire-Asia/ -- Qiao Xing
Mobile Communication Co., Ltd. ("QXM" or the "Company") (NYSE:
QXM), a domestic manufacturer of mobile handsets in China, today announced that Mr. Kok Seong Tan has tendered his resignation as
chief financial officer ("CFO") of the Company for personal
reasons, effective immediately. The Company is presently
seeking a new CFO to replace Mr. Tan.
About Qiao Xing Mobile Communication Co., Ltd.
Qiao Xing Mobile Communication Co., Ltd. is a domestic
manufacturer of mobile handsets in China. QXM manufactures and sells mobile
handsets based primarily on the GSM, TD-SCDMA, and WCDMA
technologies. It operates its business primarily through CEC
Telecom Co., Ltd., its 96.6%-owned subsidiary in China. Through its manufacturing facility in
Huizhou, Guangdong Province, China, and its research and development center
in Beijing, the Company develops,
produces and markets a wide range of mobile handsets. For more
information, please visit http://www.qxmc.com.
Safe Harbor Statement
This announcement contains forward-looking statements, as
defined in the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, these
forward-looking statements can be identified by words or phrases
such as "aim," "anticipate," "believe," "continue," "estimate,"
"expect," "intend," "is /are likely to," "may," "plan,"
"potential," "will" or other similar expressions. Statements that
are not historical facts, including statements about QXM'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. Information regarding
these factors is included in our filings with the Securities and
Exchange Commission. All information provided in this press release
is as of May 2, 2012, and QXM
undertakes no duty or obligation to update such information, except
as required under applicable laws.
For further information, contact:
Wu Zhiyang, Chairman and Chief Executive Officer
Qiao Xing Mobile Communication Co., Ltd.
E-mail: wuzhiyang@cectelecom.com
Tel: +86-10-5731-5788
SOURCE Qiao Xing Mobile Communication Co., Ltd.