ATA Creativity Global Announces CFO Transition
May 10 2022 - 8:30AM
ATA Creativity Global ("ACG" or the "Company", Nasdaq:
AACG), an international educational services company
focused on providing quality learning experiences that cultivate
and enhance students’ creativity, today announced the appointment
of Ruobai Sima as Chief Financial Officer, effective May 12, 2022.
Amy Tung has stepped down as CFO for personal reasons but will
remain with the Company as an advisor to ensure a smooth
transition.
Mr. Sima brings to ACG 17 years of experience in
finance and accounting, as well as strategic financial planning and
execution, at public and private companies in the financial,
automotive and travel industries. Prior to joining ACG, Mr. Sima
served as CFO at various automotive services companies from 2016 to
2022, including Beijing Aiyihang Auto Service Group and Beijing
Shouqi Zhixing Technology Co., Ltd. From 2015 to 2016, Mr. Sima
served as the financial director for Bitauto Holdings, a leading
auto Internet company focused on providing Internet information,
shopping guide services and Internet marketing solutions in China.
From 2008 to 2015, Mr. Sima served as the vice director of the
finance department at Toyota Motor Finance (CHINA) Co., LTD,
primarily focused in the areas of risk management and corporate
finance. Mr. Sima served as a senior auditor at
PricewaterhouseCoopers Beijing from 2004 to 2008. Mr. Sima earned a
bachelor’s degree in finance from the Capital University of
Economics and Business and a master’s degree in finance from the
University of International Business and Economics, both in
Beijing.
Management
CommentaryMr. Kevin Ma, Chairman and CEO of ACG,
stated, “We are pleased to welcome Mr. Sima as Chief Financial
Officer at ACG. We are confident that his extensive expertise in
finance and accounting, having served as CFO at various companies
over the years, will be an invaluable addition to our leadership
team. I would like to thank Amy on behalf of our management team
for her professionalism, expertise, and many contributions over the
many years she has devoted to our Company. We wish her all the best
and greatly appreciate her continued support during this period of
transition.”
Mr. Sima added, “I am thrilled to be joining ACG
as CFO. I look forward to furthering the Company’s mission to serve
all students interested in creative arts studies and overseas
learning opportunities and am excited to be part of its future
growth strategy.”
About ATA Creativity Global
ATA Creativity Global is an international
educational services company focused on providing quality learning
experiences that cultivate and enhance students’ creativity. ATA
Creativity Global offers a wide range of education services
consisting primarily of portfolio training, research-based
learning, overseas study counselling and other educational services
through its training center network. For more information, please
visit ACG’s website at www.atai.net.cn.
Cautionary Note Regarding Forward-looking
Statements
This announcement contains forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terms such as “believe,” “could,”
“expect,” “future,” “look forward to,” “plan,” “should,” “will,”
and similar terms. Examples of forward-looking statements in this
press release include statements about the anticipated benefits of
the opening of the Shuren-ACG Arts Center and launch of its
curriculum, ACG’s plan and efforts to transform itself into a
leading international education service provider, and ACG’s plans
for mergers and acquisitions. These forward-looking statements
involve known and unknown risks and uncertainties, are based on
current expectations, assumptions, estimates, and projections by
ACG, and are subject to governmental approvals and other
conditions. The Company undertakes no obligation to update
forward-looking statements, except as may be required by law. The
Company cannot assure you that its expectations and assumptions
will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated
results.
For more information on our company, please contact the
following individuals:
At the Company |
|
Investor Relations |
ATA Creativity Global |
|
The Equity Group Inc. |
Amy Tung, Chief Financial Officer
|
|
Carolyne Y. Sohn, Vice President |
+86 10 6518 1133 x5518 |
|
415-568-2255 |
amytung@acgedu.cn |
|
csohn@equityny.com |
|
|
|
Alice Zhang, Investor Relations Analyst |
|
|
212-836-9610 |
|
|
azhang@equityny.com |
|
|
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