SHENZHEN, China, June 1, 2018 /PRNewswire/ -- 500.com Limited
(NYSE: WBAI) ("500.com" or the "Company"), a leading online sports
lottery service provider in China,
today announced that Mr. Lei Zheng has resigned as Chief Operating
Officer of the Company due to personal
reasons, effective today. The Company has no plan to appoint
a successor at this point.
"I would like to thank Lei for his invaluable service and
contribution to the Company," commented
Mr. Yonghong Zhang, Chairman
of the Board of Directors of 500.com.
About 500.com Limited
500.com Limited (NYSE: WBAI) is a
leading online sports lottery service provider in China. The Company offers a comprehensive and
integrated suite of online lottery services, information, user
tools and virtual community venues to its users. 500.com was among
the first companies to provide online lottery services in
China, and is one of two entities
that have been approved by the Ministry of Finance to provide
online lottery sales services on behalf of the China Sports Lottery
Administration Center, which is the government authority that is in
charge of the issuance and sale of sports lottery products in
China.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For more information, please contact:
500.com Limited
IR@500wan.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE 500.com Limited