JINJIANG, China, Nov. 1, 2019 /PRNewswire/ -- China Ceramics Co.,
Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the
"Company"), a leading Chinese manufacturer of ceramic tiles used
for exterior siding and for interior flooring and design in
residential and commercial buildings, today announced that
effective as of November 1, 2019, the
Company's Board of Directors (the "Board") appointed Mr. Song
Chungen as an independent member of the Board as well as a member
of the Audit, Compensation and Nominating Committees.
"We welcome Mr. Chungen to our Board and the Board's committees
as an independent director and we are confident that he will make a
positive contribution to the Company," said Ms. Meishuang Huang,
Chief Executive Officer of China Ceramics.
Song Chungen has been a practicing lawyer at Guangdong Weihao
Law firm from 2009 to present. He obtained his law license in
May 2003, and in November 2009, Mr. Chungen obtained his
Securities Qualification in China.
Song Chungen holds a Bachelor's degree in Law from Sun Yat Sen
University in 2007.
Also effective as of November 1,
2019, Liu Jun, a member of
the Board and the Audit, Compensation and Nominating Committees,
tendered his resignation. Mr. Liu
Jun's resignation was for personal reasons and not due to
any disagreements with the Company or its management.
"We are grateful to Liu Jun for
his many contributions to the Company and we wish him the best of
success in all of his future endeavors," said Ms. Meishuang Huang,
CEO of China Ceramics.
About China Ceramics Co., Ltd.
China Ceramics Co., Ltd. is a leading manufacturer of ceramic
tiles in China. The Company's
ceramic tiles are used for exterior siding, interior flooring, and
design in residential and commercial buildings. China Ceramics'
products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the
"TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang
Dynasty" brands, are available in over 2,000 style, color and size
combinations and are distributed through a network of exclusive
distributors as well as directly to large property developers. For
more information, please visit http://www.cceramics.com.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations,
assumptions, estimates, intentions, and future performance, and
involve known and unknown risks, uncertainties and other factors,
which may be beyond our control, and which may cause the actual
results, performance, capital, ownership or achievements of the
Company to be materially different from future results, performance
or achievements expressed or implied by such forward-looking
statements. Forward-looking statements in this press release
include, without limitation, the continued stable macroeconomic
environment in the PRC, the PRC real estate and construction
sectors continuing to exhibit sound long-term fundamentals, our
ability to bring additional capacity online going forward as our
business improves, our customers continuing to adjust to our
product price increases, our ability to sustain our average selling
price increases and to continue to build volume in the quarters
ahead, and whether our enhanced marketing efforts will help to
produce wider customer acceptance of the new price points. All
statements other than statements of historical fact are statements
that could be forward-looking statements. You can identify these
forward-looking statements through our use of words such as "may,"
"will," "anticipate," "assume," "should," "indicate," "would,"
"believe," "contemplate," "expect," "estimate," "continue," "plan,"
"point to," "project," "could," "intend," "target" and other
similar words and expressions of the future.
All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 20-F for the
year ended December 31, 2018 and
otherwise in our SEC reports and filings. Such reports are
available upon request from the Company, or from the Securities and
Exchange Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not undertake
to update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
SOURCE China Ceramics Co., Ltd.