ChinaCache Announces New Board Chairman and Board of Directors Committee Appointments
August 23 2019 - 8:59AM
ChinaCache International Holdings Ltd. (“ChinaCache” or the
“Company”) (Nasdaq GS: CCIH), a leading total solutions provider of
Internet content and application delivery services in China, today
announced the appointment of a new Board of Directors’ (“the
Board”) Chairman in addition to new committee appointments at a
meeting held on August 20, 2019.
The Board nominated and elected Mr. Bang Zhang
to serve as the Company’s Board Chairman. Mr. Zhang has served as
an independent director of ChinaCache since 2017. Mr. Zhang has
more than twenty years of financial experience and currently serves
as the Chief Financial Officer of DG Group, a social network and
media company. Previously, Mr. Zhang served in various capacities
as a director, chief financial officer, controller and accounting
manager for a number of public and private companies. Mr. Zhang
holds an MBA and is a fellow member of CGMA and CIMA.
Additionally, recently appointed independent
board director, Mr. Dong Yu, was nominated and appointed Chairman
of the Remuneration Committee and Chairman of the Nominating
Committee. Mr. Yu, a CPA, based in Shanghai, serves as Vice
President of Finance, APAC Region for Nexans Cable (China) Co.,
Limited, a regional subsidiary of Nexans S.A. a global player in
the cable and optical fiber industry and second largest global
manufacturer of cables. Mr. Yu through his deep experience working
in the APAC region, brings leadership experience from working
across various commercial, operational and compliance functions.
About ChinaCache International Holdings
Ltd.
ChinaCache International Holdings Ltd. is a
leading total solutions provider of Internet content and
application delivery services in China. Through its distinctive
3-tier Internet ecosystem, ChinaCache also offers Internet data
center management, Internet Exchange operations and cloud hosting
services. ChinaCache's network is interconnected with the
incumbent carriers as well as other local Internet & broadband
service providers in China. With two decades of experience in
developing customized solutions for China's complex Internet
infrastructure, ChinaCache has helped enterprises, SME clients,
government agencies and other organizations enhance the reliability
and scalability of their online services and applications. To
learn more about ChinaCache and how it has improved end-user
experience, please visit ir.chinacache.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 "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
ChinaCache may also make written or oral forward-looking statements
in its reports filed or furnished to the U.S. Securities and
Exchange Commission, in its annual reports to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
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
statements, including but not limited to the following: the
Company's goals and strategies, expansion plans, the expected
growth of the content and application delivery services market, the
Company's expectations regarding keeping and strengthening its
relationships with its customers, and the general economic and
business conditions in the regions where the Company provides its
solutions and services. Further information regarding these and
other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
ChinaCache undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please
contact:
Investor Relations DepartmentChinaCache
International HoldingsTel: +86 10 6408-5686Email:
ir@chinacache.com
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