JM Wowo Announces Management Changes
August 25 2016 - 4:05PM
JM Wowo announced on August 22 that the founder of Yihaodian, Dr.
Gang Yu, was appointed as an independent director of the Company.
To further improve operating efficiency of the
Company’s online marketplace and R&D capabilities, JMU
officially confirmed that the Company will introduce a team of
senior operational and R&D talent with backgrounds in
international e-commerce and experience to drive the development of
the Company’s platform. JM Wowo will provide more details of new
talented team members in the future.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “aim”,
“anticipate”, “believe”, “estimate”, “expect”, “going forward”,
“intend”, “ought to”, “plan”, “project”, “potential”, “seek”,
“may”, “might”, “can”, “could”, “will”, “would”, “shall”, “should”,
“is likely to” and the negative form of these words and other
similar expressions. Among other things, statements that are not
historical facts, including statements about JM Wowo’s beliefs and
expectations, the business outlook and quotations from management
in this announcement, as well as JM Wowo’s strategic and
operational plans, are or contain forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: The general
economic and business conditions in China may deteriorate. The
growth of Internet and mobile user population in China might not be
as strong as expected. JM Wowo’s plan to enhance customer
experience, upgrade infrastructure and increase service offerings
might not be well received. JM Wowo might not be able to implement
all of its strategic plans as expected. Competition in China may
intensify further. All information provided in this press release
is as of the date of this press release and are based on
assumptions that we believe to be reasonable as of this date, and
JM Wowo does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About JM Wowo LimitedWowo
Limited currently operates China’s leading B2B online e-commerce
platform that provides integrated services to suppliers and
customers in the foodservice industry. With the help of Internet
and cloud technologies, the Company has the vision to reshape the
procurement and distribution pattern and build a fair business
ecosystem in the catering industry in China. The Company is further
promoting the use of its platform for small- and medium-sized
restaurants and restaurant chains in China.
Through cooperation with national and local
industry associations and reputable restaurant groups across China,
the Company has formed a leading industrial alliance and has great
resource leverage in China’s catering industry. The Company works
closely with suppliers and customers in the catering industry,
providing one-stop procurement services, as well as other
value-added services.
Contact:
Zhao Lichao IR Director
Wowo Limited
zhaolichao@ccjmu.com
Tel: 86-183 2119 5582
Bill Zima
ICR Inc.
bill.zima@icrinc.com
Tel: 203-682-8200
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