Zhaoheng Hydropower Appoints New Board of Director

Zhaoheng HydropowerCompany today announced the appointment of Mr. Heung Sang (Dexter) Fong as an independent member of the Board of Directors effective September 1, 2008.

Shenzhen, China (PRWEB) September 5, 2008 -- Zhaoheng Hydropower Company (OTC Bulletin Board: ZHYP) ("Zhaoheng Hydropower" or the "Company"), a leader in small to medium sized hydropower generation in Midwest China, today announced the appointment of Mr. Heung Sang (Dexter) Fong as an independent member of the Board of Directors effective September 1, 2008.

Guosheng Xu, Chairman and Chief Executive Officer of Zhaoheng Hydropower commented, "We are very pleased to have Mr. Fong join our Board of Directors. We believe his extensive experience working at publically traded companies and his strong knowledge in finance and accounting will be highly beneficial to our company."

Mr. Heung Sang Fong is currently the Executive Vice President of Corporate Development at Fuqi International Inc., a Nasdaq listed company engaged in designing, developing, promoting, and selling precious metal jewelry in the People's Republic of China. Prior to Fuqi International, Mr. Fong was a managing partner at Iceberg Financial Consultants from January 2004 to November 2006 advising Chinese clients on raising capital in the United States.

Mr. Fong has held many senior executive positions at publicly traded companies in both the United States and Hong Kong. Such positions include Director of Finance at PacificNet, Inc., and Group Financial Controller at Oregon Scientific. Mr. Fong has also held various positions at accounting firms Deloitte and Touche, Ernst and Young, and KPMG Peat Marwick.

Mr. Fong graduated with a degree in history from the Hong Kong Baptist College. He also received an MBA from the University of Nevada at Reno in 1989 and a Masters degree in Accounting from the University of Illinois at Urbana Champaign in 1993. Mr. Fong is United States Certified Public Accountant.

About Zhaoheng Hydropower:
Zhaoheng Hydropower Company, through its wholly-owned subsidiaries in mainland China, is a leading professional small and medium-sized hydropower station investment, development, and management company focused on hydropower stations with an installed capacity between 5-100 MW. Currently, the company owns three facilities in China with a total installed capacity of approximately 120 MW. Zhaoheng Hydropower treats the cascade development of river basins as a priority and is committed to push forward the development of clean and renewable energy industry in China. The Company listed on the OTCBB since May 14, 2008 and has offices in Hong Kong and Shenzhen, China

Contacts for investors and media:   

Lily Zhou, Director of Investor Relations
+852 2787.3355 in Hong Kong
lily @ zhaoheng.com

Alan Peng, Corporate Secretary
+86 755.82070966 in Shenzhen, China
alan @ zhaoheng.com
   
Kathy Li, Christensen Investor Relations
+1 212.618.1978 in New York
kli @ christensenir.com

Roger Hu, Christensen Investor Relations
+852 2232.3918 in Hong Kong
rhu @ christensenir.com

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