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PR Newswire

HGC Appoints Eli Ngai as Chief Information Officer to Spearhead the Group’s Ongoing Digital Transformation

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HONG KONG, Oct. 12, 2021 — HGC Global Communications Limited (HGC) today announced the appointment of Eli Ngai as Chief Information Officer, with immediate effect. He will be responsible for the dynamic development of the Group’s digital capabilities and infrastructure, helping to ensure it can continue to expand and enhance its fully-fledged ICT and telecom services for operators and enterprises in Hong Kong and around the world.

Eli Ngai will focus on fostering agility for HGC and its customers as the new Chief Information Officer
Eli Ngai will focus on fostering agility for HGC and its customers as the new Chief Information Officer

In this new role, Eli will lead the creation and implementation of digital strategies that improve HGC’s ability to respond rapidly and with innovation to market changes. He will also focus on leveraging digital technologies to enhance the HGC customer journey. In addition, Eli will continue to oversee the Software & Systems team to help HGC attract customers and support them with customized solutions.

An ICT industry veteran with more than three decades of experience, Eli has expertise in software development, enterprise networking, information security and data center virtualization and orchestration. He joined HGC in 2019 when the Group acquired Macroview Telecom, a leading Hong Kong-based provider of digital technology solutions. Eli had served at Macroview for 27 years, most recently as Chief Information Officer, where he focused on driving digital transformation for the company and for corporate clients across the financial services, retail, telecommunications and government sectors.

Andrew Kwok, Chief Executive Officer of HGC, said, "As the world enters a new era of digitalization, HGC will continue to expand our digital capabilities, riding on our full-fledged digital infrastructure, to help our business thrive and to ensure that our customers can benefit from the best that modern ICT can offer. Combining expertise in new technologies with extensive experience in software and systems and a customer-centric approach, Eli is the ideal leader to spearhead our efforts and foster our agility." 

Eli Ngai, Chief Information Officer of HGC, said, "A key challenge in any digital transformation journey is how to realize the value stream in collaboration with all the various stakeholders. This is more about business strategy than information technology, and it is why HGC always puts the customer at the center and keeps the focus on delivering value to them faster and more efficiently. I am delighted to be part of strengthening HGC’s digital capabilities and helping HGC and our customers capture the opportunities ahead."

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

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PR Newswire

Warburg Pincus Welcomes Brian Duffy As Senior Adviser To Its Technology Group

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Experienced business transformation specialist and President of Cloud at SAP will help portfolio companies accelerate innovation and digital transformation

LONDON and CHICAGO, Sept. 21, 2021 — Warburg Pincus, a leading global growth investor, today announced the appointment of Brian Duffy as a Senior Adviser in its Technology group. In his role, Brian will work with Warburg Pincus and its portfolio companies to accelerate innovation and digital transformation and to identify and evaluate new investment opportunities in the global technology industry.

Brian brings more than 15 years of international experience in the technology industry to the firm, holding several senior leadership positions across a variety of business functions at SAP. Currently, Brian serves as President of Cloud, and focuses on accelerating customer adoption of RISE with SAP, the company’s business transformation as a service offering.

Prior to this, Brian served as President of Northern Europe for SAP and was responsible for overseeing the region’s industry go-to-market, sales strategies and customer experience. Prior to his sales leadership roles, Brian simultaneously served as Chief of Staff to an SAP Executive Board Member and Senior Vice President of Global Strategic Initiatives. Brian is a qualified lawyer and he has previously held various positions in SAP’s legal department, including Assistant General Counsel in the United States, Japan and China. Additionally, Brian is a member of SAP’s global sustainability council and he serves as global executive sponsor for Diversity and Inclusion.

Flavio Porciani, Managing Director at Warburg Pincus, said, ”At Warburg Pincus, we have always recognized the importance of leveraging industry expertise to strengthen and grow the businesses in which we invest and to provide our current and prospective portfolio companies and their management teams with access to industry leaders and deep sector expertise. Brian’s track record of helping businesses accelerate innovation and digital transformation is perfectly aligned with our long history of investing in and successfully scaling tech enabled businesses. We look forward to working closely with Brian.”

Brian Duffy, President of Cloud at SAP said, ”Warburg Pincus has a five-decade history of successfully investing in technology businesses and an exceptional reputation for identifying future market leaders. I’m excited to partner with the global technology team and its portfolio companies as we work together to identify opportunities that enhance innovation, create value and inspire people for the greater good.”

Warburg Pincus has been a long-time, active investor in the technology industry. Since the firm was founded in 1966, it has invested more than $24 billion in technology businesses, with investments including Quantexa, Personetics, Inmarsat, CrowdStrike, Avalara and Avaloq.

Media Contact
Jenna Ward, Europe Communications Director
T: +44 20 7306 3805 / +44 7570 844338
E: jenna.ward@warburgpincus.com

About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $64 billion in private equity assets under management. The firm’s active portfolio of more than 205 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $94 billion in over 940 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

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PR Newswire

Management change at Mycronic

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STOCKHOLM, Sept. 7, 2021 — Mycronic AB (publ) has today appointed Pierre Brorsson as Chief Financial Officer effective October 25, 2021. A Swedish citizen born in 1972 with a MSc in Business Administration from Linköping University, Pierre is currently working in his own company focusing on Acquisitions and Financial Management. He is today engaged as Integration Manager by Atlas Copco for their newly formed Machine Vision Solution division. He was previously Group CFO at Ramirent between 2016 and 2018 and before that held senior positions both as Financial Manager as well as VP Business Development at Atlas Copco.

"I am very pleased to welcome Pierre to Mycronic", says Anders Lindqvist, Mycronic’s President and CEO. "Pierre has a solid international industrial background from key financial and business development functions in Atlas Copco and Ramirent. I am convinced he has the right skills, experience and drive to contribute to Mycronic´s further profitable growth in several ways. Pierre will in the management team, in addition to the CFO-scope, assume responsibility for Corporate Development, previously lead by Niklas Edling."

Pierre will replace Torbjörn Wingårdh, who has chosen to pursue a career outside the company in connection with the change in organization. Torbjörn will remain in his current role until October 25 and will stay with Mycronic until March 7, 2022, to ensure a smooth transition.

"I would like to thank Torbjörn for his valuable contribution during his 5 years with Mycronic. He has been an important member of the management team during very successful years", says Anders Lindqvist, Mycronic’s President and CEO.
 

For additional information, please contact:
Anders Lindqvist
President and CEO
Tel: +46 8 638 52 00, e-mail: anders.lindqvist@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19, e-mail: sven.chetkovich@mycronic.com

The information in this press release was published on September 7, 2021, at 2:00 p.m. CEST

About Mycronic
Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

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PR Newswire

HUYA Inc. Announces Management Change

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GUANGZHOU, China, Sept. 4, 2021 — HUYA Inc. (NYSE: HUYA) ("Huya" or the "Company"), a leading game live streaming platform in China, today announced that Ms. Catherine Xiaozheng Liu has tendered her resignation as the Company’s Chief Financial Officer due to personal reasons, effective on September 8, 2021.

The Company greatly appreciates Ms. Liu’s significant contributions to Company’s business, financial management, capital markets transactions and corporate governance, and sincerely wishes her continued success in her future endeavors. Although leaving the Chief Financial Officer position, Ms. Liu will serve as an advisor to Huya to assist with the transition through March 31, 2022.

Concurrently, Ms. Ashley Xin Wu has been promoted to the position of Vice President of Finance. Ms. Wu will assume Ms. Liu’s duties on an acting basis, and will report directly to Mr. Rongjie Dong, Chief Executive Officer of Huya.

Ms. Wu joined Huya in September 2017 and has been a leader of its finance department since then. Prior to joining Huya, she served in various finance positions in JOYY Inc. (Nasdaq: YY) from July 2012 to September 2017. Between October 2011 and July 2012, Ms. Wu worked as a senior financial analyst at Amway (China) Co., Ltd. Prior to that, she worked as an assistant audit manager at KPMG Huazhen from August 2007 to September 2011. Ms. Wu received her bachelor’s degree in accounting from Sun Yat-sen University in 2007. Ms. Wu is a Certified Public Accountant in the United States and a member of the Chinese Institute of Certified Public Accountants.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

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 "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya’s beliefs and expectations, are 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. Further information regarding such risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

Related Links :

http://www.huya.com

PR Newswire

Veritas Appoints Brian Hamel as New Leader of Worldwide Field Operations

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Further demonstrating Veritas’ ability to execute in the cloud

SINGAPORE, Sept. 2, 2021 — Veritas Technologies, the global leader in enterprise data protection, today announced that Brian Hamel has joined the company as executive vice president of Worldwide Field Operations.

Brian Hamel (Executive Vice President of Worldwide Field Operations, Veritas Technologies)
Brian Hamel (Executive Vice President of Worldwide Field Operations, Veritas Technologies)

Brian started his career at IBM as an enterprise account manager and over a 30-year career held Infrastructure leadership positions in the U.S., Asia, and Europe. More recently, Brian spent approximately five years at Oracle as Senior Vice President, Cloud Business Group.

"I am delighted to welcome Brian Hamel to lead our global sales organization as we continue to attract top talent to Veritas’ leadership team," said Greg Hughes, chief executive officer at Veritas. "Brian’s experience leading global direct sales, channel partners, systems integrators, and cloud service providers will help us to even better serve our customers on their data management journeys."

"Veritas is the recognized market leader in enterprise data protection and customers across all industries rely on Veritas to keep their critical information safe and protected from threats such as ransomware," said Hamel. "The company is well positioned to help organizations keep pace with the growth and complexity of the cloud as data and workforces become even more distributed. I am thrilled to have the opportunity to drive growth for the company at such a crucial time by helping customers modernize their approach to data protection across their on-prem, hybrid and cloud environments."  

About Veritas

Veritas Technologies is a global leader in data protection, availability and insights. Over 80,000 customers—including 87 percent of the Fortune Global 500—rely on us to abstract IT complexity and simplify data management. The Veritas Enterprise Data Services Platform automates the protection and orchestrates the recovery of data everywhere it lives, ensures 24/7 availability of business-critical applications, and provides enterprises with the insights they need to comply with evolving data regulations. With a reputation for reliability at scale and a deployment model to fit any need, the Veritas Enterprise Data Services Platform supports more than 800 different data sources, over 100 different operating systems, more than 1,400 storage targets, and more than 60 different cloud platforms. Learn more at www.veritas.com. Follow us on Twitter at @veritastechllc.

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the U.S. and other countries.

Related Links :

http://www.veritas.com

PR Newswire

China Finance Online Announces Changes to the Board of Directors

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BEIJING, Aug. 27, 2021 — China Finance Online Co. Limited ("China Finance Online," or the "Company," "we," "us" or "our") (Nasdaq GS: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced the following changes to the board of directors of the Company (the "Board").

The Board has approved the appointments of Ms. Ying Zhu, Mr. Frank J. Mitsch and Mr. Haimin Xu as directors of the Company, effective as of August 27, 2021. Each of Mr. Zhiwei Zhao and Mr. Yaowei Zhang has resigned as a director of the Company, effective as of August 23, 2021, and August 20, 2021, respectively. The Board has also elected Dr. Z. James Chen as the Chairman of the Board, effective as of August 27, 2021.

Ms. Ying Zhu has been serving as our Chief Financial Officer since May 2021. She joined our Company in July 2010 and has served as our Director of Investor Relations, Director of Strategy, Assistant to the Chairman, Head of President’s Office and the Acting Chief Financial Officer. She also serves as Vice President of Rifa Securities Limited in Hong Kong. Ms. Zhu obtained her Master of Law and Bachelor of Economics degrees majoring in Finance from International Business School of Beijing Language and Culture University. Ms. Zhu has been awarded HKSI Institute Specialist Certificates on Securities, Futures and Asset Management.

Each of Mr. Frank J. Mitsch and Mr. Haimin Xu has been appointed as an independent director of the Board and will serve as members of the Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee, respectively.

Mr. Frank J. Mitsch co-founded and is currently the President of Fermium Research following seven years at Wells Fargo Securities, where he was a Managing Director. Beginning his financial services career with Merrill Lynch, Mr. Mitsch has over 20 years of experience in the industry, including BB&T Capital Markets and JP Morgan H&Q. He’s a member of the 2017 and 2018 Institutional Investor’s All-America Research Team and received the Top Gun designation from Brendan Wood Intl in 2020. Mr. Mitsch has also been named four times in The Wall Street Journal’s Best on the Street analyst survey for stock selection. Frank received his Bachelor of Engineering degree from Stevens Institute of Technology and an MBA in Finance from Montclair State University.

Mr. Xu Haimin is a partner of Cybernaut Investment Group. He has worked in China Ministry of Aerospace, PricewaterhouseCoopers China, as Financial Management Consultant, and China United Assets Appraisal Group as Vice General Manager. He graduated from Nankai University with a bachelor’s degree and from School of Economics at Peking University with a Master’s degree.

The Board is thankful for Mr. Zhiwei Zhao and Mr. Yaowei Zhang’s long-term services and significant contributions to the Company and wishes them the best in their future endeavors. The Board is confident that the Company will be able to drive its business growth under the new leadership of the Board, with the addition of Mr. Frank J. Mitsch, Mr. Haimin Xu and Ms. Ying Zhu’s valuable expertise and experience.

About China Finance Online

China Finance Online Co. Limited is a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company’s prominent flagship portal site, www.jrj.com, is ranked among the top financial websites in China. In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. China Finance Online also provides brokerage services in Hong Kong.

Safe Harbor Statement

This press release contains forward-looking statements which constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, this release contains the following forward-looking statements regarding:

  • liquidity and sources of funding, including our ability to continue operating as a going concern;
  • our prospect and our ability to attract new users;
  • our prospect on building a comprehensive wealth management ecosystem through providing a fully-integrated online communication and securities-trading platform;
  • our prospect on stabilization in cash attrition and improvement of our financial position;
  • our initiatives to address customers’ demand for intuitive online investment platforms and alternative investment opportunities; and
  • the market prospect of the business of securities-trading, securities investment advisory and wealth management.

Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, substantial doubt about ability to continue as a going concern, the outbreak of COVID-19 or other health epidemics in China or globally, changing customer needs, regulatory environment and market conditions that we are subject to; the uneven condition of the world and Chinese economies that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial markets on our future performance; the unpredictability of our strategic transformation and growth of new businesses; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcomes; the degree to which our strategic collaborations with partners will yield successful outcomes; the prospects for China’s high-net-worth and middle-class households; the prospects of equipping our customer specialists with new technology, tools and financial knowledge; wavering investor confidence that could impact our business; and possible non-cash goodwill, intangible assets and investment impairments may adversely affect our net income. Furthermore, we have recurring losses from operation and inability to generate sufficient cash flow to meet our obligation and sustain our operations and face uncertainty as to the operation impact of the COVID-19 outbreak, that raise substantial doubt about our ability to continue as a going concern. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F under "Forward-Looking Information" and "Risk Factors". The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

China Finance Online
+86-10-8336-3100
ir@jrj.com

Kevin Theiss
Awaken Advisors
(212) 521-4050
kevin@awakenlab.com

Related Links :

http://www.jrj.com

PR Newswire

Former Vice-Chairman of Nasdaq, Sandy Frucher, joins OwlTing’s board of directors

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TAIPEI, Aug. 26, 2021 — OwlTing Group, a blockchain technology company, announces that Meyer Sandy Frucher, a former Vice-Chairman of Nasdaq, has joined the company’s board of directors. OwlTing’s success in its home market in Taiwan has proven the company has a compelling value proposition that is ready for international competition. Mr. Frucher’s appointment comes as the firm focuses on scaling globally.

Meyer Sandy Frucher joins OwlTing's board of directors
Meyer Sandy Frucher joins OwlTing’s board of directors

Mr. Frucher’s service with Nasdaq began in 2008 when, as CEO of the Philadelphia Stock Exchange (PHLX), he negotiated it’s acquisition by Nasdaq. Continuing on as Vice-Chairman of Nasdaq, he led Nasdaq’s relationships with international exchanges, representing Nasdaq on the board of directors of the World Federation of Exchanges. He continues to represent Nasdaq on the board of the Options Clearing Corporation (OCC), where he is the longest-serving board director.

"Stock Exchanges have enabled capital formation and job growth in the most developed countries, but far too many companies in the developing world have been left behind, unable to absorb the enormous costs of public listing or Environmental, Social and Governance reporting capabilities, and in some cases, simple payment systems. OwlTing’s affordable blockchain solutions are game-changing for growing companies around the world. I’m excited to support the management team’s global ambitions," Mr. Frucher stated.

"Blockchain are systems of automated trust. This industry is in its infancy. Consumers and regulators alike are changing their expectations. Consumers want proof that their goods did not exploit vulnerable people and investors want proof that their portfolio companies are reducing their carbon emissions. Shortages and trade disruptions are causing companies to reconsider their supply chains and whether automation via smart contracts can improve their bottom line. Distributed ledgers and blockchain have transformative potential for a world with new expectations," said Mr. Frucher.

OwlTing provides easy access to blockchain solutions for industries such as finance, hospitality, agriculture, logistics and mobility that share needs for cost-effective resilience and transparency in the digital era.

OwlTing’s strategic partners include SBI Holdings, the leading Japanese financial technology company, which placed a significant investment in OwlTing in 2018.

Darren Wang, Founder and CEO of OwlTing said, "It is our pleasure to welcome Sandy to the OwlTing Group. Sandy’s embrace of technology at PHLX was visionary, and his leadership at Nasdaq and in the global exchange community guided the transformation of capital markets in the internet era. We are very early in the blockchain era, only recently moving from predictions and ‘hype’ to applications in production. Sandy’s experience in transforming capital markets and his global relationships will guide our growth strategy and add to our momentum."

About OwlTing Group

OwlTing Group is a blockchain technology company headquartered in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, Malaysia, and U.A.E.. Darren Wang, a serial entrepreneur and blockchain industry angel investor, founded OwlTing in 2010, and it has since received venture backing from leading VCs, including an eight-figure USD investment from the Japanese financial giant SBI Holdings in 2018. In 2019, OwlTing collaborated with U.S. companies, forming partnerships across borders to develop innovative blockchain applications. To learn more, please visit: https://www.owlting.com

Related Links :

https://www.owlting.com

PR Newswire

Bambuser’s Nomination Committee proposes that Sonia Gardner and Jørgen Madsen Lindemann be elected as new board members – Alexander Mcintyre has announced his intention to resign from the board

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STOCKHOLM, Aug. 20, 2021 — To further strengthen the board of directors competence the Nomination Committee of Bambuser proposes that Sonia Gardner and Jørgen Madsen Lindemann, respectively, be elected as new board members of Bambuser. At the same time, Alexander Mcintyre has announced that he intends to resign from the board of directors.

In light of the Nomination Committee’s proposal, the board of directors intends to convene an Extraordinary General Meeting whereas the notice will be published separately. Alexander Mcintyre will leave the board of directors in connection to the Extraordinary General Meeting.

"The board of directors thanks Alexander for his efforts and contributions to the Company over recent years. We wish Alexander every success in the future," said Joel Citron, Chairman of Bambuser’s board of directors.

Sonia Gardner (born 1962) is President, Managing Partner and Co-Founder of Avenue Capital Group, a global alternative investment manager with over $11 billion in assets under management. She is the Partner in charge of managing the firm, which she co-founded with her brother in 1995. Sonia previously served as Chair of the Global Board of Directors of 100 Women in Finance, and continues to serve as Chairman Emeritus. She currently serves as a member on the Client Advisory Board of Citi Private Bank. Ms. Gardner is the United Nations Capital Development Fund (UNCDF) Goodwill Ambassador for Gender Equality in Access to Finance. Her focus is advocating for ways to give women access to economic resources to start and grow businesses, lift their families out of poverty, and help achieve the U.N.’s Sustainable Development Goals. Sonia Gardner is independent in relation to the Company and its management as well as to the Company’s major shareholders.

Jørgen Madsen Lindemann (born 1966) has an upper secondary education from Gentofte Gymnasium. Jørgen Madsen Lindemann is currently a board member of Miinto Group and WaterBear Network. He has previously held roles such as the President and Chief Executive Officer of Modern Times Group MTG AB and board member of Zalando. Jørgen Madsen Lindemann is independent in relation to the company and its management and dependent in relation to the company’s major shareholders.

The Nomination Committee assesses that Sonia Gardner and Jørgen Madsen Lindemann have competence and backgrounds that are well suited for the work of the company’s board of directors and that the election of Sonia Gardner and Jørgen Madsen Lindemann is well in line with the discussions held within the Nomination Committee regarding competence development and gender equality.

PR Newswire

Granite River Labs Names TIC Veteran Holger Kunz President of Worldwide Services

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SANTA CLARA, Calif., Aug. 11, 2021 — Granite River Labs ("GRL"), a global leader in test and certification services and automated test solutions for digital connectivity and charging technologies, today announced the appointment of Holger Kunz as President of Worldwide Services. Kunz will continue to be based in Yokohama, Japan where he will lead the continued expansion of GRL’s worldwide services business. 

Holger Kunz, President of Worldwide Services at Granite River Labs (“GRL”), a global leader in test and certification services and automated test solutions for digital connectivity and charging technologies.
Holger Kunz, President of Worldwide Services at Granite River Labs (“GRL”), a global leader in test and certification services and automated test solutions for digital connectivity and charging technologies.

 

Kunz will leverage his deep knowledge of global testing trends in key verticals, a passion for technology testing and market access, and his demonstrated skill as a leader for developing worldwide test organizations to help accelerate GRL’s growth. The addition follows GRL’s strategic growth investment from SFW Capital Partners in May 2021.

Originally from Germany with much of his career based in Asia, including time spent in Japan, Mainland China, Hong Kong and Taiwan, Kunz joins GRL after 25 years in various roles with TÜV Rheinland (TÜVR), a global leader in the Testing, Inspection, Certification (TIC) industry. Most recently, Kunz served as Group Executive Council member and Global Executive Vice President for Products at TÜVR, overseeing five business lines, more than €550 million revenue, and a rapidly growing network of laboratories across the world. During his tenure as EVP, Kunz oversaw tremendous growth and margin expansion through various organic initiatives and strategic acquisitions. In his various roles at TÜVR, Kunz focused on customers in a wide range of end-markets including consumer electronics, telecommunications, medical, automotive, and renewable energy.

"Holger is a proven world-class leader, and I am very excited to welcome him to GRL," said Johnson Tan, Granite River Labs’ co-founder and CEO. "I’ve worked with Holger for many years and been consistently impressed by his success in building technology-driven businesses and teams around the world. Holger’s entrepreneurial drive and expertise in leading cross functional organizations supporting complex technical needs make him the perfect fit to expand our service capabilities and create more value for our customers."

"Granite River Labs has a sterling reputation for its testing expertise in digital connectivity and charging technologies, an impressive roster of globally-recognizable clients, and a strong leadership team," said Kunz. "Following a fulfilling career with TÜVR, I am excited to partner with GRL and SFW Capital and take on a more entrepreneurial role. I look forward to helping the company serve its existing customers more effectively, enter new end-markets, pursue add-on acquisitions, and expand its technical capabilities."

About Granite River Labs 
Founded in Silicon Valley in 2010, Granite River Labs (GRL) is a leading provider of end-to-end testing, certification and compliance services and related proprietary instrumentation and software solutions to support development and commercialization of sophisticated connected devices. GRL helps engineers solve tough design and validation challenges. GRL was founded with a vision to provide affordable test services to help hardware developers implement digital interface technologies as they become faster, more complex, and more challenging to test. Today, GRL has worked with hundreds of companies supporting the adoption of new and emerging technologies from their worldwide test facilities and R&D centers. GRL’s combination of market-leading technical expertise, broad capabilities across connectivity and charging technologies, and intense focus on quality and customer service excellence has led to rapid growth and recognition as the "go to" expert. For more information, visit www.graniteriverlabs.com. 

About SFW Capital Partners, LP 
SFW Capital Partners is a specialized private equity firm that invests in leading Information, Software, Industrial and Healthcare Technology companies. These companies, which include providers of instrumentation, laboratory products, software/information and related solutions, provide a high return on investment to their customers and can serve a wide variety of end-markets. Our principals’ 25+ years of investing in and experience with relevant business models, technologies, competitive dynamics and service requirements gives us confidence in our ability to support management teams in growing their companies and building value. For more information, visit www.sfwcap.com. 

Related Links :

http://www.graniteriverlabs.com

PR Newswire

LAIX Inc. Announces Formation of Special Committee

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SHANGHAI, Aug. 6, 2021 — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, Dr. Li-Lan Cheng, who will serve as the chairman of the Special Committee, and Ms. Min (Jenny) Zhang, to evaluate and consider the previously announced preliminary non-binding proposal letter dated August 4, 2021 (the "Proposal").

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For more information, please visit: http://ir.laix.com.

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 "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. LAIX may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about LAIX’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a variety of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LAIX’s goals and strategies; LAIX’s future business development, results of operations and financial condition; the expected growth of the education market; LAIX’s ability to monetize the user base; fluctuations in general economic and business conditions in China; the potential impact of the COVID-19 to LAIX’s business operations; PRC governmental policies, laws and regulations relating to the Company’s industry and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

LAIX Inc.
Jiazhuo Zheng
Investor Relations
E-mail: ir@laix.com

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
E-mail: liulishuo@tpg-ir.com

Emilie Wu
Tel: +86-21-6039-8363
E-mail: liulishuo@tpg-ir.com

Related Links :

http://www.liulishuo.com