ChinaNet Online Holdings Announces the Appointment of New COO
August 07 2020 - 4:29PM
ChinaNet Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing,
data analytics and other value-added services company serving
enterprise clients, today announced the appointment of Mr. Charles
Chiu to the position of the Company’s Chief Operating Officer and
Mr. Mark Li, the current Chief Financial Officer of the Company, to
serve as Secretary of the Company, effective immediately. Mr.
George Chu has resigned from the role of Chief Operating Officer
and Secretary of the Company due to personal reasons. Mr. Chu
continues to serve as a director of the Board of Directors of the
Company.
Mr. Charles Chiu, has served as the Corporate
Finance Partner of Whale Capital in Hong Kong since March
2019. Since October 2016, Mr. Chiu has acted as Co-founder
and General Manager of Minghing Financial Group in Hong Kong.
From April 2012 to September 2016, Mr. Chiu served as Chief
Financial Officer and Treasurer in Wealth Leading Limited in Hong
Kong. From August 2009 to April 2012, Mr. Chiu served as
Assistant Vice President in Dah Sing Bank in Hong Kong. Mr.
Chiu has a bachelor’s degree in business administration from The
Chinese University of Hong Kong, and is attending a Dual Executive
Master of Business Administration program jointly organized by
INSEAD Business School and Tsinghua University. Mr. Chiu is
also a Chartered Financial Analyst, Energy Risk Professional,
Certified Management Accountant (Australia), Member of Institute of
Public Accountants (Australia) and Member of Institute of Financial
Accountant (United Kingdom).
“On behalf of the Board of Directors and
management team, I would like to thank George Chu for his service
and time spent at ChinaNet as an officer. We are all very
appreciative of his contributions to the Company as an officer and
continued contributions to the Company as a director. We are also
very pleased to welcome Charles to the Company. Charles brings to
ChinaNet a wealth of operational and management expertise, as well
as over 10 years of experience in commodities trading, corporate
finance and blockchain investment in China, Hong Kong and
Singapore. He is an entrepreneur who has extensive experience in
banking, M&A and corporate finance, focusing on change
management and business development in the financial and technology
industry. Charles will be an important addition to the ChinaNet
team and we are confidently that he will help us to expand the
business scope of our blockchain service onto more industries with
more customers. I am confident that he will use his talents to help
us execute and achieve our strategic goals,” said Mr. Handong
Cheng, Chairman, President, and Chief Executive Officer of
ChinaNet.
About ChinaNet Online Holdings,
Inc.
Established in 2003 and headquartered in
Beijing, China, ChinaNet Online Holdings, Inc. (“ChinaNet” or the
“Company”) offers online advertising, precision marketing, data
analytics and other value-added services for enterprise clients.
Leveraging its fully integrated services platform, proprietary
database, and cutting-edge algorithms, ChinaNet delivers
customized, result-driven business solutions for small and
medium-sized enterprise clients in China. The Company also develops
blockchain and artificial intelligence enabled web/mobile
applications and software solutions for general public, enterprise
clients, and government agencies. More information about the
Company can be found at: www.chinanet-online.com.
Safe Harbor Statement
This release contains certain "forward-looking
statements" relating to the business of ChinaNet Online Holdings,
Inc., which can be identified by the use of forward-looking
terminology such as "believes," "expects," "anticipates,"
"estimates" or similar expressions. Such forward-looking statements
involve known and unknown risks and uncertainties, including
business uncertainties relating to government regulation of our
industry, market demand, reliance on key personnel, future capital
requirements, competition in general and other factors that may
cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Certain of these risks and uncertainties are or will be described
in greater detail in our filings with the Securities and Exchange
Commission. These forward-looking statements are based on
ChinaNet's current expectations and beliefs concerning future
developments and their potential effects on the Company. There can
be no assurance that future developments affecting ChinaNet will be
those anticipated by ChinaNet. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
the control of the Company) or other assumptions that may cause
actual results or performance to be materially different from those
expressed or implied by such forward-looking statements. ChinaNet
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
Investor Relations Contact
Tony Tian, CFA Tel: +1-732-910-9692 Email:
ttian@weitianco.com
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