SSLJ.com Limited Announces Changes to Board Composition and Shareholder Meeting
March 14 2019 - 5:32PM
SSLJ.com Limited (the “Company” or “SSLJ”) (NASDAQ: SSLJ), a
vertically integrated online-to-offline (“O2O”) home improvement
service and product provider in the People’s Republic of China
(“PRC”), today announced its changes to board composition, notice
of meeting and proxy statement.
On March 5, 2019, the board of directors (the
“Board”) of SSLJ received Mr. Warren Wang, Ms. Hon Man Yun, Mr. Ren
Zhang and Ms. Yanping Li’s resignation letters. The board of
directors (the “Board”) discussed and decided to accept the
resignation of the above four directors, effective on March 6,
2019. Mr. Warren Wang, Ms. Hon Man Yun, Mr. Ren Zhang and Ms.
Yanping Li resigned from the Board of the Company for personal
reasons and not as a result of any disputes or disagreements
between any of the resigning directors and the Company on any
matter relating to the Company’s operations, policies, accounting
or practices.
The Company also announced an extraordinary
general meeting of holders (the “Shareholders”) of its Class A and
Class B ordinary shares (collectively, “Capital Stock”) that will
be held at 9:00 A.M. Eastern Standard Time on April 1, 2019 at the
Company’s new counsel’s office with the address of 1330 Avenue of
the Americas, 14th Floor, New York, NY 10019. The purpose of the
meeting is to effect a reverse stock split of the Company’s
outstanding ordinary shares at a reverse stock split ratio of
1-for-5 to comply with NASDAQ requirements to maintain the listing
of its ordinary shares on the NASDAQ Capital Market. The Company
has established the close of business on March 14, 2019 (the
“Record Date”), as the record date for determining Shareholders
entitled to notice of, and to vote at, the Meeting and any
adjournments or postponements thereof.
About SSLJ.com Limited
SSLJ.com Limited is a pioneer in the vertically
integrated O2O home decoration service and product market in China.
The Company provides clients with a convenient, full-service,
one-stop solution for its homes’ interior decoration and
improvement needs by offering consulting, design, construction, and
furnishing services as well as modern, high-quality and high-tech
products. For more information, please visit www.sslj.com.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. These
statements are subject to the risks and uncertainties, including:
difficulties, delays, unexpected costs or the inability to reach
definitive documents with respect to, or consummate, the proposed
business combination and other transactions referred to in this
press release and those described in the documents we file with the
U. S. Securities and Exchange Commission, and risks associated with
the inherent uncertainty of Yungu’s future financial results, the
ability of management to successfully integrate Yungu’s operations,
the availability and pricing of additional capital to finance the
Company’s operations, the intensity of competition, changes and
volatility in the Company’s stock prices and general economic
conditions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results.
For more information, please
contact:
SSLJ.com LimitedEmail: ir@sslj.com
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