BEIJING, Aug. 31, 2020 /PRNewswire/ -- Huami Corp. (NYSE:
HMI) today announced that Mr. David
Cui has tendered his resignation as Chief Financial Officer,
effective October 1, 2020, for
personal reasons. Mr. Cui will become a consultant to the company
for a transitional period of time after his resignation as the
Chief Financial Officer becomes effective. Huami has appointed Mr.
Leon Cheng Deng as the new Chief
Financial Officer, effective October
1, 2020. Mr. Deng comes to Huami from Royal
Philips, where he was most recently Global Head of Finance for
Philips Domestic Appliances Division. The company's guidance
provided on the recent second quarter call of August 18, remains in effect.
"We greatly appreciate the contributions that David has made to
Huami during his tenure with the company, leading our IPO and
follow-on offering efforts, providing strong financial leadership
to help grow both domestic and international markets, building an
experienced public company finance team, and strengthening our
rigorous corporate governance and internal controls systems. We
respect David's decision and wish him the very best in his future
pursuits," said Mr. Wang Huang,
Chairman and CEO of Huami Corp.
"We are delighted to welcome Leon to Huami. He brings from
Philips an extensive finance background, perspective on
Europe and many other key
international markets, and strategic transaction experience that I
believe will help Huami accelerate in its next phase of growth,"
Mr. Huang added.
Mr. Deng has 17 years of experience in accounting, financial
management, manufacturing, and international business with
Royal Philips. He held key financial
leadership positions for a number of Philips' global business
groups including Domestic Appliances, Personal Care and Personal
Health Solutions; as well as corporate finance, financial risk
management and treasury functions. Mr. Deng also played a
critical leadership role in the divestiture of Philips' TV and
Audio divisions, the Philips Lighting separation, and a series of
acquisitions in the past. Mr. Deng holds a CPA certificate in
Australia, and a Chartered Global
Management Accountant certification from CIMA. He earned a Bachelor
of Finance degree from Shanghai International Studies University,
and a Master of International Finance degree from the University of
Amsterdam.
About Huami Corporation (NYSE:HMI)
Huami's mission is to connect health with technology. Since its
inception in 2013, Huami has developed a platform of proprietary
technology including AI chips, biometric sensors, and data
algorithms, which drive a broadening line of smart health devices
for consumers, and analytics services for industry. In 2019, Huami
shipped 42.3 million units of smart wearable devices, including its
own Amazfit brand, and products developed and manufactured for
Xiaomi, comprising 26% of global category shipments[1]. Huami Corp is based in
Hefei, China, with U.S.
operations, Huami-USA, based in
Cupertino, Calif.
[1] IDC,
Correcting and Replacing Shipments of Wearable Devices,
3/10/20
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Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of 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," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Information regarding these risks is included in the
Company's filings with the United States Securities and Exchange
Commission. All information provided in this press release and in
the attachments is as of the date of this press release, and the
Company undertakes no obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Investors: Grace Yujia Zhang,
ir@huami.com
Media: Ken Cao, press@huami.com
In the United States:
Investors: Brad Samson,
brad.samson@huami-usa.com, 714-955-3951
Media: Lydia Huang,
lydia.huang@huami-usa.com, 407-800-5625
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SOURCE Huami Corporation