BEIJING, May 15, 2017 /PRNewswire/ -- China Finance
Online Co. Limited ("China Finance Online", or the "Company",
"we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based
financial services company that provides Chinese retail investors
with online access to securities and commodities trading services,
wealth management products, investment advisory services, as well
as financial database and analytics services to institutional
customers, today announces that Mr. Jun "Jeff" Wang has resigned as
the company's Chief Financial Officer for personal reasons,
effective May 16, 2017.
The Company has started conducting a search for a new Chief
Financial Officer. Mr. Wang will remain as a director of China
Financial Online.
Mr. Zhiwei Zhao, Chairman and CEO
of China Finance Online, commented, "Over the past 11 years, Jeff
has been instrumental to our business expansion, strategic planning
and transition towards new business model. We thank him for his
invaluable contributions to China Finance Online and wish him all
the best in his future endeavors."
About China Finance Online
China Finance Online Co. Limited is a leading web-based
financial services company that provides Chinese retail investors
with online access to securities and commodities trading services,
wealth management products, securities investment advisory
services, as well as financial database and analytics services to
institutional customers. The Company's prominent flagship portal
site, www.jrj.com, is ranked among the top financial websites
in China. In addition to the
web-based securities trading platform, the Company offers basic
financial software, information services and securities investment
advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius
Information Technology Co. Ltd., the Company provides financial
database and analytics to institutional customers including
domestic financial, research, academic and regulatory institutions.
China Finance Online also provides brokerage services in
Hong Kong.
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. The statements contained herein reflect management's current
views with respect to future events and financial
performance. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, this release contains the following
forward-looking statements regarding:
- our prospect and our ability to attract new users;
- our prospect on building a comprehensive wealth management
ecosystem through providing a fully-integrated online communication
and securities-trading platform;
- our prospect on stabilization in cash attrition and improvement
of our financial position;
- our initiatives to address customers' demand for intuitive
online investment platforms and alternative investment
opportunities; and
- the market prospect of the business of securities-trading,
securities investment advisory and wealth management.
Such statements involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements, all of which are difficult to predict
and many of which are beyond the control of the Company. These risk
factors and uncertainties include, amongst others, changing
customer needs, regulatory environment and market conditions that
we are subject to; the uneven condition of the world and Chinese
economies that could lead to volatility in the equity markets and
affect our operating results in the coming quarters; the impact of
the changing conditions of the mainland Chinese stock market,
Hong Kong stock market and global
financial markets on our future performance; the unpredictability
of our strategic transformation and growth of new businesses
including our commodities brokerage services; the prospect of our
margin-related business and the degree to which our implementation
of margin account screening and ongoing monitoring will yield
successful outcomes; the degree to which our strategic
collaborations with partners will yield successful outcomes; the
prospects for China's
high-net-worth and middle-class households; the prospects of
equipping our customer specialists with new technology, tools and
financial knowledge; wavering investor confidence that could impact
our business; and possible non-cash goodwill, intangible assets and
investment impairments may adversely affect our net income. Further
information regarding these and other risks is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including its annual report on Form 20-F under "Forward-Looking
Information" and "Risk Factors". The Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
For more information, please contact:
China Finance Online
+86-10-8336-3100
ir@jrj.com
Kevin Theiss
(212) 521-4050
kevin.theiss@awakenlab.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-finance-online-announces-management-change-300457356.html
SOURCE China Finance Online Co., Ltd.