China Teletech Holding, Inc. Announces Board Appointments
November 16, 2017 at 03:59 am IST
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Prior to the Liaoning Kuncheng Education Investment Co. Ltd. Share Exchange, Yankuan Li and Yuan Zhao served as directors of the China Teletech Holding, Inc. (company) and Ms. Li served as President and Chief Executive Officer. Upon the closing of the aforementioned Kuncheng Share Exchange, Mr. Kunyuan Yang, the principal shareholder of Kuncheng who had held 94.9% of Kuncheng’s ownership prior to the closing of the Kuncheng Share Exchange, was named as a director of the Board. On November 18, 2016, the Board appointed Jane Yu as a member of the Board. Ms. Li and Mr. Zhao remained as members of company's Board of Directors. Kunyuan Yang was appointed as a director of the Board of Directors upon closing date of the Kuncheng Share Exchange, June 13, 2017. Mr. Kunyuan Yang founded Liaoning Kuncheng Education Investment Co. Ltd. in March 2016 and has been its CEO since then to present. From July 2014 to present, Mr. Yang has been the chairman of Education Magazine for Fop Students, and the chairman of the Center. From November 2012 to July 2014, Mr. Yang was the inspector of Business Department at the Investment Promotion Bureau of the Management Committee of Shenyang European Union Economic Development Zone. From August 2010 to October 2012, he was the executive director of Shenyang Kuncheng Real Estate Development Co. Ltd. Jane Yu, was appointed as company's Chief Financial Officer and Secretary on March 5, 2013, and appointed as a director of the Board on November 18, 2016. She has been a manager in the auditing department of Shanghai KRC Business Consulting Co. Ltd. and Shanghai KRC Certified Public Accountant Co. Ltd. since December 2007. From December 2004 to November 2007, Ms. Yu worked as the Project Manager at Wanlong Certified Public Accountants Co. Ltd. From October 1999 to October 2004, Ms. Yu was an accountant at Rheinland (Shanghai) Co. Ltd.
China Teletech Holding Inc. is a company engaged in the manufacture of lithium-ion polymer batteries. Substantially all of the Company's operations are located in the People's Republic of China (PRC) through its 51% equity ownership of Shenzhen Jinke Energy Development Co., Ltd. (Jinke). The Company operates its business through its subsidiary, Jinke. Jinke is primarily engaged in the manufacturing and design of batteries, including lithion-ion polymer batteries. Jinke develops and manufactures lithium-ion polymer batteries in different models and specifications for a range of products. The Company generally categorizes the lithium-ion batteries it produces as follows: small-size batteries primarily used in digital consumer electronics products, large-size batteries or high power polymer batteries, and Paper or micro batteries primarily used in portable devices. The Company's manufacturing operations are conducted in the Junxin Industrial Zone, Shenzhen, Guangdong, China.