Mr Yang will be an additional director on the board, bringing the company’s total number of directors to seven, which includes four independent directors. Mr Xiong will replace Yanying Liu, the current board secretary, who resigned from her position to take up another role in the company.

Mr Yang is a founding partner and president of Abax Global Capital, a Hong Kong based investment firm focused on Pan-Asian public and private investments especially in greater China and southeast Asia.

Bo Huang, CEO of Sinoenergy, said: Sinoenergy is pleased to welcome our new director and new board secretary. Our company is quickly growing and we plan to continue developing our corporate structure by adding more senior management people who have international business experience.