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GC China Turbine Corp. (GCHT.OB) Appoints Chief Financial Officer

GC China Turbine Corp., a leading Chinese manufacturer of state-of-the-art 2-bladed wind turbines, announced today that it has named Ms. Ping Ye as its Chief Financial Officer. Her responsibilities will include leading GC China’s global finance, planning and accounting efforts as the company continues to expand its presence in the Chinese and European wind markets.

“Ms. Ye brings tremendous credentials and experience in high growth markets to GC China Turbine,” stated Mr. Hou Tie Xin, Chairman of the Board. “GC China is in the midst of tremendous growth on both a year-over-year and sequential basis. Importantly, we have managed this growth while maintaining profitability. Ms. Ye’s expertise will be instrumental in supporting the continued improvements in the economics of our business, in our internal procedures and controls over financial reporting, and in leading our efforts towards enhanced transparency.”

A licensed Certified Public Accountant in the United States since 2000, Ms. Ping Ye previously served as VP of Finance and Accounting at an insurance brokerage firm. Prior to that, she held various positions in accounting and finance at several global financial service companies and world-renowned institutes in both United States and China. Ms. Ye received a BBA from Baruch College, City University of New York and an MBA from The Wharton School, University of Pennsylvania.

Ms. Ye commented, “I am very excited to join the GC China team and to contribute to the Company’s strong growth and financial performance. I look forward to utilizing my experience and working with this talented management team to take the company to its next phase of growth.”

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