Changsha, China-based HQ Global Education Inc., a publicly traded company, has named Kevin Chan as a non-executive director. Chan is a partner at SEAVI Advent Private Equity, a spinoff of middle-market buyout fund Advent International. Chan helped open the firm’s China offices in 2004. With the addition of Chan, HQ Global Education now has six board members, three of which are independent directors.
CHANGSHA, China, April 11, 2011 /PRNewswire-Asia/ — HQ Global Education Inc. (OTCBB: HQGE) (“HQ” or the “Company”), which operates 10 vocational schools in China under the “HQ” brand and is one of China’s leading providers of customized vocational education, today announced the appointment of Mr. Kevin Chan as a non-executive director of the Company, effective April 8, 2011. With this change, the Company’s Board of Directors now consists of six members, three of which are independent directors.
“We welcome Mr. Chan to our Board of Directors and look forward to working together,” stated Mr. Guangwen He, Chairman and Chief Executive Officer of HQ Global Education, “Mr. Chan’s extensive financial background and international experience will help us greatly as we continue to grow as a public company. We believe that his addition demonstrates our commitment to the establishment of strong corporate governance and achieves another requirement for up listing onto a National Exchange.”
Mr. Kevin Chan has ten years investing experience and extensive experience in corporate strategy and international finance. Mr. Chan is a Partner of SEAVI Advent Private Equity, a spinoff of the billion dollar middle market buyout fund, Advent International. Mr. Chan was influential in opening offices in China for SEAVI in 2004. Today he oversees operations, is a member of the Investment Committee and is a SFC Type 9 Licensed Representative. Prior to SEAVI Advent, Mr. Chan was a specialist in Telecom, Media and Technology (TMT) investment banking in Asia. He served as an Associate Director at HSBC, where he co-founded the TMT practice. Mr. Chan received an MA in Engineering from Cambridge University, an MS in Electrical Engineering from Polytechnic University, and an MBA from Columbia Business School. He is also a member of IEE, IEEE and is a Chartered Engineer.
About HQ Global Education Inc. (“HQ”)
HQ Global Education, Inc. provides customized vocational training and private education services to students through private and public vocational schools in China. The HQ Global brand has become increasingly synonymous throughout China with superior vocational training to meet employer needs and career fulfillment for students who aspire to become technical and skilled workers. As of November 30, 2010, student enrollment totaled 37,408 students from 25 provinces throughout China. Through HQ Global’s order-oriented customized education model contractual relationships have been established with approximately 128 employers to provide training and internship arrangements for students. HQ Global has maintained 100% job placement for graduates. HQ Global generates revenue from tuition, campus service and order-oriented service. For more information please visit: http://www.hq-education.com.