JQW PLC Director Appointment (5296Y)
September 09 2015 - 6:19AM
UK Regulatory
TIDMJQW
RNS Number : 5296Y
JQW PLC
09 September 2015
9 September 2015
JQW plc
("JQW" or the "Company")
Director Appointment
After a formal selection process, the Directors of JQW have
appointed Francis Chan Hein Huey to the Board of the Company as
Chief Financial Officer, replacing Kooi Wei Boon, who has resigned
from the Company.
Francis Chan Hein Huey (aged 25) has a BSc (Hons) Accounting
Degree from Oxford Brookes University and has over 5 years'
experience in the auditing industry, having previously worked at
Crowe Horwath Malaysia and One Assurance LLP. Francis is fluent in
English, Mandarin and Malay. He has had previous experience working
with JQW, having worked on the Company's IPO process in 2013 where
he gained some exposure to JQW's management team. Kooi Wei Boon has
been helping Francis integrate into his new role to ensure that the
transition process runs smoothly.
There are no further disclosures to be made under the AIM Rules
For Companies Schedule Two.
- Ends -
For further information:
JQW plc
Cai Yongde, Chairman Tel: +44 (0)
20 7398 7710
Chen Daocai, Chief Executive www.jqw-ir.com
Officer
Kooi Wei Boon, Chief Financial
Officer
Cairn Financial Advisers LLP
(Nomad & Broker)
Sandy Jamieson / Liam Murray Tel: +44 (0)
20 7148 7900
www.cairnfin.com
Media enquiries:
Abchurch Communications Limited
Quincy Allan / Viktoria Langley Tel: +44 (0)
20 7398 7700
jqw@abchurch-group.com www.abchurch-group.com
About JQW plc
JQW is a leading domestic business-to-business e-commerce
provider based in the Chinese province of Jiangsu. The Group's core
business is its online B2B platform, www.jqw.com, which has been
developed to encourage domestic trade by connecting Chinese SMEs
with potential trade partners. Founded in 2004, the platform was
developed to help to market Chinese SME's websites. JQW has evolved
rapidly to become one of the top three B2B e-commerce website in
China in terms of traffic and operates, what the Director's believe
to be, the first dedicated B2B search engine, www.jqw.cn.
JQW offers a low-cost entry point for Chinese SMEs to promote
themselves and their B2B products to potential buyers. In order to
increase transaction opportunities, JQW offers its clients a broad
range of services including website design, commercial search
services and advertising.
There are approximately 50 million SMEs in China manufacturing a
diverse range of products, accounting for 60% of the country's GDP.
The number of mobile internet-access users in China stood at 871
million at September 2014 and investment in the country's
telecommunications infrastructure continues to accelerate. These
factors have driven an increased demand for domestic trade of B2B,
B2C and C2C e-commerce. With the majority of these SMEs requiring
the use of third party B2B e-commerce platforms to promote their
businesses and access trade partners, the Board believes that JQW
offers a robust and highly reputable branded platform. With
exposure in over 50 industry sectors and considerable scope for
future growth, JQW is in a strong position to capitalise on the
development of this market.
At the end of 2014, the Group had:
11 million Registered users
5 million Page views per day
1,046,000 Sheng-Yi-Tong members with website "shops"
241,000 Fee-paying members
600 Rated in the top 600 websites for global website traffic rankings
44 Sales agencies
3 Top 3 in Chinese B2B website traffic rankings
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 09, 2015 06:19 ET (10:19 GMT)
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