JINZHOU CITY, China, April 7 /PRNewswire-Asia-FirstCall/ -- Wonder Auto
Technology Inc. (Nasdaq: WATG; 'Wonder Auto' or 'the Company'), a leading
manufacturer of automotive electrical and suspension parts in China, today
disclosed that David Murphy and Xingye Zhang, two of the Company's independent
directors, had resigned from the Company's Board of Directors. Mr. David
Murphy and Mr. Xingye Zhang had served as Chairman of the Company's
Compensation Committee and Nomination and Governance Committee respectively
before their resignation since 2007.
'The Board of Directors and I want to acknowledge and express our
appreciation for David Murphy and Xingye Zhang's many contributions during
their service on the Board of the Company as they have dedicated substantial
time and effort to the Company. We wish them the best in their future
endeavors.' Mr. Qingjie Zhao, Chairman and Chief Executive Officer of Wonder
Auto commented.
At the same time, Mr. Xiaoyu Zhang and Mr. Xianzhang Wang have been
appointed to the Company's Board of Directors.
Mr. Xiaoyu Zhang has been serving as vice president of China Machinery
Industry Federation, and has been appointed as Chairman of the Sixth Council
of Society of Automotive Engineering of China since 2001. Mr. Zhang was the
Deputy Director-General of the State Bureau of Machinery China during 1998 to
2001, and the Deputy Director and Director of Automotive Division of the
former Ministry of Machine-Building Industry of China during 1993 to 1998. He
graduated from Tsinghua University in 1968.
Mr. Xianzhang Wang, currently president of the Insurance Association of
China and vice president of the China Insurance Academy, was appointed as
president of China Life Insurance Company since 2000. He ever served as vice
president of People's Insurance Company of China and General Manager of
Liaoning Branch of People's Insurance Company of China. Mr. Wang graduated
from Liaoning Finance and Economics Institute of China (now known as
Northeastern University of Finance and Economics) in 1965.
'We are pleased to welcome Mr. Xiaoyu Zhang and Mr. Xianzhang Wang to our
Board,' stated Mr.
