ChinaNet Online Holdings Announces CFO Transition
July 08 2019 - 7:30AM
ChinaNet-Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing,
and data analysis and management platform company, today announced
the appointment of Mr. Mark Li to the position of the Company’s
Chief Financial Officer, effective immediately. Mr. Zhige Zhang has
resigned from the role of Chief Financial Officer due to personal
reasons.
Mr. Mark Li has 20 years of experience working in financial
roles. Most recently, Mr. Li served as Chief Financial Officer for
DMG Entertainment & Media, a global entertainment and media
company with operations in North America and Asia. Prior to this
role, Mr. Li served as Financial Director at China Digital Culture
and in other senior financial management positions. Mr. Li holds a
bachelor’s degree in Economics from Chongqing Institute of Industry
Management and a master’s degree in Finance from Central University
of Finance and Economics. Mr. Li is a member of both the China
Institute of Certified Public Accounts (CICPA) and Association of
Chartered Certified Accounts (ACCA).
“On behalf of the Board of Directors and management team, I
would like to thank Zhige Zhang for his service and time spent at
CNET. We are all very appreciative of his contributions to the
company. We are also very pleased to welcome Mark to the Company.
Mark brings an immense amount of financial expertise to the team as
well as many years of leadership and operational experience in
financial management,” said Mr. Handong Cheng, Chairman, President,
and Chief Executive Officer of ChinaNet.
About ChinaNet Online Holdings, Inc. ChinaNet
Online Holdings, Inc., a parent company of ChinaNet Online Media
Group Ltd., incorporated in the BVI (ChinaNet), is an integrated
online advertising, precision marketing and data-analysis and
management services platform. ChinaNet provides prescriptive
analysis for its clients to improve business outcomes and to create
more efficient enterprises. The Company leverages an optimization
framework, provided by its comprehensive data-analysis
infrastructure, to blend data, mathematical, and computational
sciences into an outcome management platform for which it monetizes
on a per client basis. ChinaNet uniquely optimizes and prescribes
its clients decision making processes based on its proprietary
ecosystem. For more information,
visit 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
ICR, Inc.Jack WangTel: +1-646-308-1635Email: CNET@icrinc.com
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