SHANGHAI, Aug. 1, 2019 /PRNewswire/ -- JMU Limited (the
"Company" or "JMU") (Nasdaq:
JMU) today announced the appointment of
Ms. Hua Zhou, a director of the Company, as chief executive officer
of the Company and chairperson of the Company's board of directors
(the "Board"), effective July 31,
2019. Ms. Zhou replaced Ms. Xiaoxia
Zhu, who stepped down as the Company's chief executive
officer and chairperson of the Board due to personal reasons. Mr.
Feng Pan has also submitted his
resignation as a director of the Company due to personal
reasons.
The Board has appointed Mr. Haohan
Xu and Mr. Longming Wu as directors of the Company,
effective July 31, 2019, to fill the
vacancies.
Mr. Haohan Xu has been actively
engaged in entrepreneurial activities. He currently serves as
president and chief executive officer of Amazon Capital Inc. and is
the founder and chief executive officer of 55 Global, a company
developing asset network based on blockchain technologies. Prior to
founding these companies, Mr. Xu worked as a private wealth
management summer analyst at Morgan Stanley in the summer of 2018,
where he focused on investments in the technology, media and
telecommunication sector. From 2016 to 2017, Mr. Xu also
accumulated experience in the fintech business through multiple
positions at Galaxy Group and Haitou Capital in Beijing and New
York. Mr. Xu received his bachelor of science from
Columbia University.
Mr. Longming Wu has over 20 years of experience in business
administration. He currently serves as chief executive officer of
Beijing Galaxy Xingyuan Technology Co., Ltd. Prior to that, he
served as president of Beijing Shiletao E-commerce Co., Ltd. from
2013 to 2016, where he was responsible for the development and
operation of the company's online-to-offline business. From 1996 to
2013, he worked at Qingdao Real Estate Development Operation Co.,
Ltd., where he was a vice president. Mr. Wu received his bachelor's
degree in international trade from Qingdao University in China and completed the Media Management
Program at the Cheung Kong Graduate School of Business.
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
"aim," "anticipate," "believe," "estimate," "expect," "hope,"
"going forward," "intend," "ought to," "plan," "project,"
"potential," "seek," "may," "might," "can," "could," "will,"
"would," "shall," "should," "is likely to" and the negative form of
these words and other similar expressions. Among other things,
statements that are not historical facts, including statements
about JMU's beliefs and expectations
are or contain 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. All information
provided in this press release is as of the date of this press
release and is based on assumptions that JMU believes to be reasonable as of this date, and
JMU does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
Contact:
Zhengzhen Li
JMU Limited
lizhengzhen@ccjmu.com
Tel: +86 (021) 6015-1166, ext. 8904
For more information about JMU Limited, please visit:
http://ir.ccjmu.com.
View original
content:http://www.prnewswire.com/news-releases/jmu-limited-announces-changes-to-board-and-management-team-300894855.html
SOURCE JMU Ltd