China Integrated Energy, Inc. recently announced that they had appointed Liren Wen to their Board as an independent director. Wen would also be serving as a member of the Board’s audit committee. The appointment was effective as of May 31, 2011. Mr. Wei is a certified public accountant of the State of New York. He graduated Summa Cum Laude from Baruch College of The City College of New York with a Bachelor of Business Administration and an Accounting degree.
China Integrated energy is a non-state-owned energy company that focuses on three areas of business – production and sale of biodiesel, the distribution of finished and heavy oil products, and the operation of a gas station chain. Operating at 200,000-ton biodiesel production capacity with two plants located in Tongchuan, Shaanxi province, and one plant in Chongqing, China, CBEH has distributed across 16 provinces and municipalities over the past 11 years.
Wei is the managing partner of Wei, Wei & Co., LLP, a six partner 70 person firm registered with the PCAOB and with offices in New York and Los Angeles. The firm has clients in distribution, finance, government, import and export, mining, not-for-profit, shipping, real estate, and retail. Wei has served as vice president as well as a member of the Board of Directors and on both the Executive Committee and Peer Review Committee of the New York State Society of Certified Public Accountants. In addition, Wei has served in offices at Chinese American Society of CPAs, the Taiwanese American CPA Association, the New York Wall Street Lions Club and is a founding member of External Affairs of ASCEND (formerly National Asian American Society of Accountants).
Xincheng Gao, Chief Executive Officer of China Integrated Energy, said, “We are very pleased to welcome Mr. Liren Wei to China Integrated Energy as our new independent director and member of our audit committee. Liren is a seasoned financial professional with extensive experience in accounting and auditing in the US. We believe that his substantial business experience will help us further improve our corporate governance and strengthen our financial and accounting practices. With his appointment, we once again have three independent directors on our Board. I look forward to working closely with them and fully cooperate with the ongoing independent investigation.”