NEW YORK, April 12, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today that as part of its overall strategy to bolster its US-based
management team, the Company has engaged an executive recruitment
search firm to assist in finding a US-based Chief Financial Officer
("CFO").
On April 11, SSC's Board of
Directors unanimously appointed Finance Director Jason Wu to assume the role of interim CFO and
principal accounting officer of the Company, effective
immediately.
Mr. Jason Wu, in the interim,
will be replacing former CFO, Simon
Wang. Mr. Wang's resignation as Chief Financial Officer was
not because of any disagreement with the Company known to any
executive officer of the Company, on any matter related to the
Company's operations, policies, or practices. The Company and the
Board of Directors would like to thank Mr. Wang for his
contributions to Seven Stars Cloud and wish him the best in his
future endeavors.
Once the search for a new US-based CFO is complete, Mr.
Jason Wu will help support the
transition of the finance and accounting functions to the new CFO
and then return to his position as Finance Director, based out of
Beijing.
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason Finkelstein
VP, Investor
Relations
Seven Stars Cloud Group,
Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.