– CHINA, Shenzhen – SGOCO Group, Ltd. (Nasdaq: SGOC), a company focused on product design, distribution and brand development in the Chinese display and computer product market, today announced that the Board of Directors has appointed Mr. Cheng Kim Sing (Eric) as an Independent Director of the Company, effective December 22, 2015, to replace Ms. Wai Man (Helen) Hsu, who had resigned from the Board for personal reasons and confirmed no disagreements with the Company. The Company also announced that the Board of Directors has appointed Mr. Wai Hok Fung as an independent member to the Company’s Board of Directors effective December 22, 2015
Mr. Cheng is a professional accountant of Hong Kong and China and has over 15 years of experience in finance and accounting responsibilities. Prior to joining the commercial filed, Mr. Cheng had been professionally trained in two audit firms. After that in 2004, he joined Formosa Handbag Company Limited which is one of major subcontractor of Nike Inc. in China. Subsequently in 2007, Mr. Cheng joined Wofoo Plastics Limited which is the largest PVC compound producer in the Great China. From 2008 till now, Mr. Cheng is the Finance Manager of Good View Fruits Company Limited which is the top-tier fruits wholesaler and manufacturer in Hong Kong and Macau.
Mr. Wai is an expert in solar industry, dredging, highway construction and power stations projects. Mr. Wai also has many years of experience in M&A, fund raising and pre-IPO deal. In the early 2008, he set up Hebort International Ltd, a Hong Kong based company which associates with a few of China State Owned Enterprises include China Harbour, China Communication Construction, CNTIC and Shenhua group. Hebort later becomes a partner of Silverbear Capital and strategic partner of UNIDO in exploring solar, Green and energy saving industry for more than 6 years. Mr. Wai still serves as the director of Wahfong Industrial Development Co Ltd based in Guangdong China for luxury garment business.
Mr. Shi-Bin Xie, Chief Executive Officer of SGOCO, commented, “I would like to welcome Mr. Cheng and Mr. Wai to the SGOCO Board. We are confident that his strong financial background and industry expertise will prove valuable as the Company continues to expand its position in the Chinese display and computer product market. I also want to thank Ms. Wai Man (Helen) Hsu for her contributions during her tenure as a Director of the Company and wish her success in her future endeavors.”
About SGOCO Group, Ltd.
SGOCO Group, Ltd. is focused on product design, brand development and distribution in the Chinese display and computer product market. SGOCO sells its products and services in the Chinese market and abroad.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
