BEIJING, July 23, 2015 /PRNewswire/ -- General Steel
Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a
leading non-state-owned steel producer in China, today announced the appointment
of Ms. Yunshan Li as its Chief
Executive Officer effective immediately. Ms. Li succeeds Mr.
Henry Yu, the Company's former Chief
Executive Officer, who will remain to serve as the Chairman of the
Board of Directors of the Company, and continue to work closely
with Ms. Li to ensure a seamless transition.
Ms. Li brings considerable experience in the chemical and clean
energy industries. Prior to General Steel, Ms. Li was the
Co-Founder and Chief Executive Officer of Catalon Chemical
Corporation, a manufacturer of
De-NOx honeycomb catalysts that are widely applied at coal-fired
power plants and steel mills in China to reduce polluting emissions.
Previously, Ms. Li served as the Chief Representative for the
University of Southern California
("USC") Viterbi School of Engineering
in China. With her strong
inter-cultural and technical background, Ms. Li had also helped
several US-based clean energy companies to successfully launch
their operations in China. She received two Master Degrees in
Industrial Engineering and Petroleum Engineering, both from
University of Southern California.
"We are thrilled to have Ms. Li join the executive team and look
forward to her stewardship in our continued strategic
transformation from an integrated steel producer into a
comprehensive service and product provider in other alternative
businesses," said Henry Yu, Chairman of General Steel. "The Board and I are confident that
Ms. Li's inter-cultural leadership qualities, deep experience in
chemical and clean technologies, and proven ability to pioneer
breakthrough products into new markets make her the ideal choice as
General Steel's new Chief Executive Officer."
Ms. Li commented, "I am honored to have the opportunity to join
General Steel and help transform the Company into new markets and
business models. I hope to inject fresh perspectives to not only
improve the Company's existing operations and objectives but also
use the Company's considerable resources to springboard into other
businesses and acquire new strategic opportunities. I look forward
to working with Henry, the Board and the rest of the leadership
team in guiding General Steel into a new era."
About General Steel
General Steel Holdings, Inc. is a leading non-state-owned steel
maker headquartered in Beijing,
China. With seven million metric tons of crude steel
production capacity under management and operations in Tianjin municipality and China's Shaanxi and Guangdong provinces, the Company produces a
variety of steel products including rebar and high-speed wire.
In addition to its steel business, the Company also designs,
manufactures, and integrates radio frequency identification
("RFID") systems. The Company's RFID technology provides real-time
data on supplies, inventory, and goods, thereby greatly enhancing
its customers' administration and planning processes, as well as,
asset tracking and supply chain management.
To be added to the General Steel email list to receive Company
news, or to request a hard copy of the Company's Annual Report on
Form 10-K, please send your request to
investor.relations@gshi-steel.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's
current expectations or beliefs about future events and financial,
political and social trends and assumptions it has made based on
information currently available to it. The Company cannot assure
that any expectations, forecasts or assumptions made by management
in preparing these forward-looking statements will prove accurate,
or that any projections will be realized. Actual results could
differ materially from those projected in the forward-looking
statements as a result of inaccurate assumptions or a number of
risks and uncertainties. These risks and uncertainties are set
forth in the Company's filings under the Securities Act of 1933 and
the Securities Exchange Act of 1934 under "Risk Factors" and
elsewhere, including those disclosed in the Company's most recent
Annual Report on Form 10-K, filed with the United States Securities
and Exchange Commission. Forward-looking statements contained
herein speak only as of the date of this release. The Company does
not undertake any obligation to update or revise publicly any
forward-looking statements, whether to reflect new information,
future events or otherwise.
Contact Us
General Steel Holdings, Inc.
Joyce Sung
Tel: +1-347-534-1435
Email: joyce.sung@gshi-steel.com
Asia Bridge Capital Limited
Carene Toh
Tel: +1-888-957-3362
Email: generalsteel@asiabridgegroup.com
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SOURCE General Steel Holdings, Inc.