UCASU
& founder's
statements on Chinese government's
ban on founder's
personal account
ATLANTA, GA -- May 4, 2021 --
InvestorsHub NewsWire -- UC Asset (OTCQX:
UCASU), an Atlanta-based real estate investment firm, issues
the below statement today:
"We have learnt that
the Weibo
(NASDAQ: WB) account belonging to our founder, Larry Xianghong Wu,
which has nearly 300,000 followers, was banned for 90 days till
July 25, under the intervene of Chinese government
regulators. According to Weibo's staff, the ban was
triggered because
Mr. Wu's account
'repeatedly made comments in violation of Chinese laws and
regulations.' Weibo's staff failed to point out which laws or
regulations Mr. Wu's comments violated. Weibo also failed to detail
which of Mr. Wu's comments were responsible for
said
violations.
"We hereby confirm the
following facts: 1) The account in question belongs to Mr. Wu
personally. It has never been the property of our
company,
and has
never been used by UC Asset for business purposes. What Mr.
Wu says or has said on his personal account does not reflect the
company's official stance, nor have his comments had any past or
present influence on the company's business operations.
2)
All of the company's daily operations are performed in
the United States and subject to the jurisdiction of the United
States. As far as we can see, no part of our business has been or
will be influenced by the Chinese government's decision on our
founder's person opinion.
"We believe
China is committed to
the rule of law and Mr. Wu will handle his personal issues as a
law-abiding citizen."
Larry Wu, the
founder of UC Asset, issues the following statement:
"As a
concerned Chinese citizen, a patriot, a former policy consultant to
the Chinese
central government, and a former diplomat who worked at the Chinese
Embassy in the USA between 2000-2004, I am deeply disappointed with
the current situation in China, with respect to the freedom of
speech which is a constitutional right of any Chinese
citizen.
"In
the past decades as a public opinion leader in China, I have been
strongly critical on many policies by the Chinese government while
supporting many other policies. Whether being critical or
supportive, I have strived to be constructive. I have
never challenged the legitimacy of our government or the sovereign
of our nation, which I fought to protect in my earlier career. I
have never expressed any opinions that are knowingly in violation
of the laws of China.
"I now have
great concern about
public policy discussions in China, which is getting
more and more intolerant to the extent that words by
people like me are considered threats by those
running the current censorship system. Such a
toxic
environment of policy discussion will unlikely produce effective
policies for the
interests of Chinese people.
"I will
indefinitely quit the public
discussion of polices in China, even after the ban on my social
media account will be lifted, since I believe that I can no longer
bring any positive changes
to
China's policy discussion under the current
circumstance."
About UC Asset:
UC
Asset LP is a limited partnership formed for the purpose of
investing in real estate with value-added strategies, concentrating
in metropolitan areas of Atlanta, GA. For
more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could
cause our actual results, performance or achievements, or industry
results, to differ materially from any these statements.
You are cautioned not to place undue reliance on any those
forward-looking statements. Except as otherwise required by the
federal securities laws, we undertake no obligation to publicly
update or revise any forward-looking statements after the
date of this News Release. None of such forward-looking statements
should be regarded as a representation by us or any other person
that the objectives and plans set forth in this News Release will
be achieved or be executed.
For
More Information Contact:
Christal Jordan | Investor
Relations Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297