Hong Kong Highpower Technology, Inc. (Hong Kong Highpower) has appointed Henry H. Ngan as new chief financial officer (CFO), effective February 1, 2009. Ngan will be based primarily in the New York and Shenzhen, China. Yu Zhi Sam Qiu will remain with the company as a corporate controller and will be based in Shenzhen. Previously, he was an equity research analyst at the Buckingham Research Group and Robotti & Company.

Henry is a highly accomplished finance professional who brings a full complement of financial expertise, strategic development skills and Wall Street acumen to our Company, said George Pan, chairman and chief executive officer of Hong Kong Highpower. As a former equity research analyst at respected U.S. investment banking firms, Henry’s background includes security and financial analysis, capital markets transactions, accounting and auditing. We are delighted to have someone of Henry’s caliber join our team and represent our Company in the U.S. We look forward to his leadership as both our business expansion plans and investment community outreach efforts progress.

Most recently Ngan served as a vice president, senior equity analyst at Brean Murray Carret & Co., where he conducted and published the fundamental research with a focus on the Chinese companies traded on US stock exchanges. He has also served as an International and Strategic Project consultant at the Standard & Poors’ London and New York offices. His accounting experience encompasses senior level financial analysis and auditor positions at the American Express Tax and Business Services, Bear Stearns Companies, Charles Hecht & Company and the KPMG Peat Marwick LLP.

Ngan received an MBA in finance from the Fordham University in New York and a bachelor’s degree in accounting from University at Albany, State University of New York. He is a certified public accountant in State of New York.