SHANGHAI, Dec. 30, 2016 /PRNewswire/ -- Ossen Innovation
Co., Ltd. ("Ossen Innovation" or the "Company") (Nasdaq: OSN), a
China-based manufacturer of an
array of plain surface, rare earth and zinc coated pre-stressed
steel materials, today announced that its Chief Financial Officer
("CFO"), Mr. Feng Peng, has resigned
from the Company, effective December 31,
2016, to pursue other opportunities. Mr. Peng's resignation
is not related to any issues regarding financial disclosures or
accounting matters. Mr. Wei Hua,
Chief Executive Officer of the Company will act as interim CFO
during the transition and search period for a new CFO.
Dr. Liang Tang, Chairman of Ossen
Innovation, said, "On behalf of the Company, I want to thank Feng
for his many contributions to Ossen Innovation during his almost
four years with us. Feng is well-liked and respected by
everyone throughout the Company and will be truly missed. I wish
him all success in his future endeavors."
About Ossen Innovation Co., Ltd.
Ossen Innovation Co., Ltd. manufactures and sells a wide variety
of plain surface pre-stressed steel materials and rare earth coated
and zinc coated pre-stressed steel materials. The Company's
products are mainly used in the construction of bridges, as well as
in highways and other infrastructure projects. Ossen has two
manufacturing facilities located in Ma'anshan, Anhui Province, and Jiujiang, Jiangxi Province.
Safe Harbor Statements
This press release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated, including
risks outlined in the Company's public filings with
the Securities and Exchange Commission, including the
Company's annual report on Form 20-F. Furthermore, there can be no
assurance that the Acquisition and the Spin-Off Transaction will be
completed as proposed or at all. Both the Acquisition and the
Spin-off Transaction would be subject to the satisfaction of
various closing conditions. Furthermore, even in the event
that such transactions are completed, there can be no assurance
that such transactions will be completed on the same terms as those
described above. All information provided in this press release is
as of the date hereof. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated
events.
For more information, please contact:
Investor Relations:
Weitian Group LLC
Phone: +1-732-910-9692
Email: tony.tian@weitian-ir.com
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SOURCE Ossen Innovation Co., Ltd.