Both appointments are effective immediately. Mr. Cheung brings to A-Power more than 20 years of business development, corporate finance, portfolio management, and securities underwriting experience including within the energy financing industry. Doctor Li contributes with proprietary photovoltaic cell production process and more than 13 years of semiconductor industry experience.
Mr. Cheung joins A-Power from 212 Recovery Services, a corporate consulting company where he was the Chief Executive Officer and Chief Restructuring Officer since 2009. Prior to that, he was the Chief Investment Officer of the SUN Group in London, U.K. During his tenure at the SUN Group, Mr. Cheung developed and managed the investment process with responsibility for a $2 billion emerging market equity portfolio. Mr. Cheung worked for over 10 years at GE Financial, and most recently was a Managing Director at GE Energy Financial Services.
Mr. Cheung earned a Master in Business Administration and a Bachelor of Science in Industrial Engineering from Cornell University.
Dr. Li served as the founder and President of Sunhi Solar Inc., a thin film solar PV company where he oversaw the build up of its a-Si thin film solar module line facility, including equipment supplier verification and tool quality assurance, and solar panel production optimization.
Between February 2006 and February 2009, Dr. Li was the Vice President of Manufacturing at Beijing Hiway Systems where he managed the manufacturing transfer of Aspen II, 200mm PECVD technology from Masson Technology. He was also responsible for component purchasing and supplier management, manufacturing, and the build up of the demo laboratory facility as well as Hiway’s award of ISO-9000 certification. Prior to that, Dr. Li worked as a manager at Applied Materials in Santa Clara, USA.
Dr. Li earned a Doctorate and Master in Mechanical Engineering from the University of Minnesota. He has been granted 8 U.S. patents and 3 Chinese patents in new material science.
Mr. Jinxiang Lu, Chairman and Chief Executive Officer of A-Power, commented, "I am very pleased to have enlisted seasoned professionals such as Mr. Cheung and Dr. Li to help strategize and implement A-Power’s future expansion plans. We look forward to capitalizing on Mr. Cheung’s proven financial skills and industry experience in achieving our goal of becoming a global player in the clean-tech industry. With solar PV increasingly becoming a key segment of our long-term clean-tech growth strategy, we welcome Dr. Li’s solid technical background and vast industry experience to help us spearhead our solar operation."
A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China- based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25 MW to 400 MW.
In 2008, A-Power entered the wind energy market and has built China’s largest wind turbines manufacturing facility, located in Shenyang, Liaoning Province, with a total annual production capacity of 1,125 MW.
In March 2009, A-Power entered into an agreement to establish a Joint Venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. In addition to the establishment of strategic relationships with the world’s leading wind power design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies.
