SHANGHAI, June 16, 2017 /PRNewswire/ -- JMU Limited (the
"Company" or "JMU") (NASDAQ:
JMU), a leading B2B online e-commerce
platform that provides integrated services to suppliers and
customers in the foodservice industry in China, today announced that Mr. Jianguang Wu has resigned as a director of the
Company's Board of Directors (the "Board") for personal reasons and
Ms. Shayla Suen has been appointed
as Mr. Wu's successor, effective immediately.
Ms. Suen has over 10 years of experience in M&A, IPO and
market value management. She served as the Company's Invest
Relations Director from 2011 to 2015. Between 2015 and when she
rejoined us, she was a partner at Galaxy RongKuai, an online
investment platform. Before 2011, Ms. Suen also worked as IR
Manager at Changyou and as an analyst at DC Capital Management Inc.
Ms. Suen holds a bachelor's degree in English from Beijing Foreign
Studies University.
Ms. Xiaoxia Zhu, Co-chairperson
and Chief Executive Officer, commented, "On behalf of the board, I
would like to thank Mr. Wu for his service to JMU. His experience and counsel contributed to our
success, and we wish him the best in his future endeavors. We're
pleased to welcome Ms. Suen to our Board. We believe her expertise
in the capital markets will be a valuable asset to JMU as we continue to expand our business and
deliver long-term shareholder value."
About JMU Limited
JMU Limited currently operates China's leading B2B online e-commerce platform
that provides integrated services to suppliers and customers in the
catering industry. With the help of Internet and cloud
technologies, JMU has the vision to
reshape the procurement and distribution pattern and build a fair
business ecosystem in the catering industry in China. JMU 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, JMU has
formed a leading industrial alliance and has great resource
leverage in China's catering
industry. JMU works closely with
suppliers and customers in the catering industry, providing
one-stop procurement services, as well as other value-added
services. For more information, please visit:
http://ir.ccjmu.com.
Safe Harbor Statement
This 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 JMU's beliefs and expectations, the business
outlook and quotations from management in this announcement, as
well as JMU'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. JMU's plan to enhance
customer experience, upgrade infrastructure and increase service
offerings might not be well received. JMU 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 JMU
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Contact:
Lichao Zhao, IR
Director
JMU
Limited
zhaolichao@ccjmu.com
Tel: +86-185-1627-8876
Bill
Zima
ICR
Inc.
bill.zima@icrinc.com
Tel: +1(203)-682-8200
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SOURCE JMU Ltd