SHENZHEN, China, March 19 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc. (Nasdaq:CPBY - News) ("CIST" or the "Company"), a leading total solutions provider of digital security, GIS and digital hospital information systems in China, today announced that the Company's Chairman and Chief Executive Officer, Mr. Jianghuai Lin, was elected as deputy chairman of the China Overseas Listed Corporations Association (COLCA).
COLCA is a non-profit organization whose members are Chinese corporations that are listed or intend to list on overseas exchanges, such as NASDAQ, AMEX, NYSE, HKE, AIM, and others. COLCA is committed to: Promoting business co- operation between members, exchanging ideas with relevant institutions and organizations, reducing financing costs and expenses for listed companies, enhancing investor confidence in member companies, providing special service programs to members, voicing member suggestions to government authorities, protecting legal interests on overseas stock markets, raising awareness of Chinese corporations listed overseas, contributing to the overseas investment activities of Chinese corporations, and complying with laws and regulations of the People's Republic of China and laws and regulations of the listing countries and regions,
During the conference, which was held in Beijing and was jointly sponsored by more than 40 Chinese corporations, members granted unanimous approval to the Articles of Association of COLCA and elected the first 19-member council. Mr. Xianzhang Wang was elected as the chairman of COLCA during the council's first 3-year session. Mr. Wang is the dean of the Insurance Academy of China Central University of Finance and Economics, the former chairman of China Insurance association, and the former Chairman and CEO of China Life Insurance Company Limited.
Mr. Lin commented, "We are pleased to join this association. We all share a common interest in promoting our companies in overseas markets, and we look forward to potentially working much more closely with each other in the future."
