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China Zenix Appoints New Director

Apr 2, 2018

ZHANGZHOU, China, April 2, 2018 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company") is pleased to announce today that Mr. Suen To Wai ("Mr. Suen") has been appointed to the board of directors effective April 1, 2018.  Mr. Suen qualifies as an independent director under the criteria of the New York Stock Exchange.

Mr. Suen brings over 17 years of experience in merger and acquisitions, fund raising, auditing, tax and accounting.  His past work experiences include serving as the Chief Financial Officer and Company Secretary of the China Saite Group Company Limited (HKEX: 153) from May 2015 to August 2016.  Prior to that, Mr. Suen worked for almost 13 years with Deloitte Hong Kong and later Deloitte Touche Tohmatsu LLP (Shanghai).

Mr. Suen is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants. He earned a Bachelor Degree (Arts) from the Chinese University of Hong Kong and a Bachelor Degree (Commerce) from the University of Western Australia.  Mr. Suen speaks Mandarin, Cantonese and English.

Mr. Jianhui Lai, Chairman and Chief Executive Officer, commented, "We are pleased to add a new member to the board with such broad senior accounting and financial management experience.  As Mr. Suen assisted in our initial public offering, our mutual familiarity will assist in his quickly making contributions to our Company." 

About China Zenix Auto International Limited

China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume. The Company offers more than 798 series of aluminum wheels, tubed steel wheels, tubeless steel wheels, and off-road steel wheels in the aftermarket and OEM markets in China and internationally. The Company's customers include large PRC commercial vehicle manufacturers, and it also exports products to over 80 distributors in more than 28 countries worldwide. With six large, strategically located manufacturing facilities in multiple regions across China, the Company has a designed annual production capacity of approximately 15.5 million units of steel and aluminum wheels as of December 31, 2017. For more information, please visit: www.zenixauto.com/en.

Safe Harbor

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. The Company may make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees. Statements that are not historical facts, including statements about the Company'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. Further information regarding these risks is included in our filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law. 

For more information, please contact

Investor Relations
Tel: +1-212-521-4050
Email:  zx@compassbell.com

SOURCE China Zenix Auto International Limited


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