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TheStreet Open House

Synthesis Energy Systems Appoints New Member To Its Board Of Directors

Stocks in this article: SYMX









HOUSTON, Oct. 1, 2012 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ: SYMX) announced today that its board of directors has appointed Gao Feng, chairman and president of Hongye International Investment Group Co., Ltd. ("Hongye") to the Company's board, filling the vacancy created by the passing of Michael Storey in October 2011.

Mr. Gao is joining SES' board of directors pursuant to the terms of the Share Purchase Agreement between the Company and Hongye. On September 24, 2012, SES announced the closing of a strategic equity investment by Hongye for a total of $8.7 million, representing 5,777,700 shares or 9.99% of SES' common stock.

Since 2007, Mr. Gao, age 42, has been the chairman and president of Hongye, which is headquartered in Beijing, China. Hongye is a private, diversified group operating in the energy & natural resources, finance and bio-pharmaceuticals industries. Mr. Gao has more than 20 years of experience in the coking and coal mining business. These include working as plant manager at coking plants and serving as chairman and mine manager of various coal mining companies in Inner Mongolia, China. Mr. Gao is currently serving as a representative of the Wuhai Municipal People's Congress, committee member of the China National Democratic Construction Association Inner Mongolia division, vice chairman and vice president of the Federation of Industry and Commerce of Inner Mongolia and director of the China Enterprise Confederation. During Mr. Gao's distinguished career, he has received numerous important awards, including "Moral Youth Model of China," "Caring Entrepreneur of China" and "Honest and Trustworthy Entrepreneur in China."

Mr. Gao's appointment brings the number of SES Board members to seven.

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