iFresh Appoints New Chief Financial Officer
May 19 2017 - 8:30AM
iFresh Inc. (NASDAQ:IFMK) (“iFresh” or the “Company”), a leading
Asian American grocery supermarket chain and online grocer,
announced today that the Company has appointed Mr. Alfred
Chung-Chieh Ying as the Company’s Chief Financial Officer effective
immediately. Mr. Ying will replace Ms. Peiling He, who stepped down
from the Chief Financial Officer position after fulfilling her
duties assisting iFresh in its transition to a public operating
company upon the completion of the NYM Holding acquisition in
February 2017.
Mr. Alfred Chung-Chieh Ying is a seasoned
executive with extensive knowledge and experience in corporate
finance, investor relations, and equity research. He has served as
investor relations director and senior adviser to the board at
Safe-Run Machinery (Suzhou), vice president of equity research and
investment banking at Piper Jaffrey Asia Securities Ltd and China
Minsheng Banking Corp, vice president of investor relations and
M&A at Daphne International Holdings, executive vice president
of equity research at Grand Cathay Securities, and director, head
of Asian technology research and head of Taiwan at BNP Paribas
Peregrine Securities Ltd. Mr. Ying received his Master of Business
Administration Degree from the University of New South Wales,
Master of Science Degree in Mechanical Engineering from the
National Chiao Tung University, and Bachelor of Science Degree in
Mechanical Engineering from the National Cheng Kung University.
Mr. Long Deng, Chairman and Chief Executive
Officer of iFresh, stated, “We are delighted to welcome Alfred to
iFresh. His skillset and experience in the capital markets will be
a great asset as we continue to scale our business and maximize
shareholder value. I look forward to working with Alfred closely
and am confident he can help our team manage our aggressive goals
for growth in the years ahead. We would also like to express our
sincere gratitude to Ms. Peiling He for her service to the Company
and wish her success in her future endeavors.”
About iFresh Inc.
iFresh Inc., headquartered in New York, New
York, is a leading Asian American grocery supermarket chain and
online grocer. With eight retail supermarkets along the US eastern
seaboard and two in-house wholesale businesses strategically
located in cities with a highly concentrated Asian population, the
Company aims to satisfy the increasing demands of Asian Americans,
whose purchasing power has been growing rapidly, for fresh and
culturally unique produce, seafood and other groceries that are not
found in mainstream supermarkets. With an in-house proprietary
delivery network, online sales channel and strong relations with
farms that produce Chinese specialty vegetables and fruits, iFresh
is able to offer fresh, high-quality specialty perishables at
competitive prices to a growing base of customers. For more
information, please visit: http://www.ifreshmarket.com/.
Forward-Looking Statement
This announcement contains forward-looking
statements. Forward-looking statements provide our current
expectations or forecasts of future events. Forward-looking
statements include statements about our expectations, beliefs,
plans, objectives, intentions, assumptions and other statements
that are not historical facts. Words or phrases such as
“anticipate,” “believe,” “continue,” “estimate,” “expect,”
“intend,” “may,” “ongoing,” “plan,” “potential,” “predict,”
“project,” “will” or similar words or phrases, or the negatives of
those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking. Examples of forward-looking
statements in this announcement include, but are not limited to,
statements regarding our disclosure concerning the Company’s
operations, cash flows, financial position and dividend policy.
Contact:
ICR Inc.
Ms. Rose Zu
Phone: 1-347-436-8368
E-mail: rose.zu@icrinc.com
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