PINGDINGSHAN, China,
Jan. 30, 2018 /PRNewswire/ --
Yulong Eco-Materials Limited (Nasdaq: YECO) ("Yulong" or
"the Company"), a leading vertically integrated manufacturer of
eco-friendly building products and a leading producer of fly-ash
bricks and concrete announced on January 30,
2018 that effective immediately, the board accepted Mr.
Yulong Zhu's resignation from the
board of directors and appointed Mr. Wancheng Xie as a director to fill in the
vacancy created by Mr. Zhu's resignation. Mr. Zhu will continue as
the CEO of the Company. Mr. Xie is also appointed as chairman of
the board.
Mr. Xie has more than 20 years of broad industrial experience in
trading, mining, project management, marketing of building material
and enterprise management. Since January 2014 he has served as President of
Shenzhen Motian Gaoxin Group, a trading company which does business
with partners in 55 countries, over 600 outlet stores, 80 agency
branches and more than 30,000 employees. From March
2010 to October 2013 he served
as Chief Operating Officer of Shenzhen Asayi Investment Company
where he was responsible for regional construction and national
network sales of consumer goods. Mr. Xie obtained a bachelor
degree at the School of Business Administration at Henan University in 1993.
Forward-Looking Statements
This press release contains forward-looking statements,
particularly as related to, among other things, the business plans
of the Company, statements relating to goals, plans and projections
regarding the Company's financial position and business strategy.
The words or phrases "plans," "would be," "will allow," "intends
to," "may result," "are expected to," "will continue,"
"anticipates," "expects," "estimate," "project," "indicate,"
"could," "potentially," "should," "believe," "think," "considers"
or similar expressions are intended to identify "forward-looking
statements." These forward-looking statements fall within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 and are subject to the safe
harbor created by these sections. Actual results could differ
materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties. Such
forward-looking statements are based on current expectations,
involve known and unknown risks, a reliance on third parties for
information, transactions or orders that may be cancelled, and
other factors that may cause our actual results, performance or
achievements, or developments in our industry, to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from anticipated results
include risks and uncertainties related to the fluctuation of
local, regional, and global economic conditions, the performance of
management and our employees, our ability to obtain financing,
competition, general economic conditions and other factors that are
detailed in our periodic reports and on documents we file from time
to time with the Securities and Exchange Commission. Statements
made herein are as of the date of this press release and should not
be relied upon as of any subsequent date, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances after the date of such
statement.
Contact:
David Wang
Email: yulongeco@163.com
Tel: 0375-8888588
Website:
http://www.yulongeco.com
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SOURCE Yulong Eco-Materials Limited