WUHAN, China, Sep. 5, 2018 /PRNewswire/ -- TMSR Holding Company
Limited ("TMSR" or the "Company") (NASDAQ: TMSR), a holding company
with its subsidiaries engaging in the production and sales of solid
waste recycling and comprehensive utilization equipment, today
announced that Ms. Yaqing Hu
and Ms. Hui Zhu resigned from their
positions as members of the Board of Directors (the "Board") of the
Company, effective August 31, 2018.
Ms. Hu and Ms. Zhu's resignations were due to their personal
reasons and were not a result of any disagreement with the Company
relating to its operations, policies or practices.
To fill the vacancies created by Ms. Zhu's resignation, the
Company's Board appointed Mr. Hongxiang
Yu as a director of the Board and chairman of the Audit
Committee, effective August 31, 2018.
To fill the vacancies created by Ms. Hu's resignation, the Board
appointed Ms. Yilei Shao as a
director of the Board and chairwoman of the Compensation Committee,
effective August 31, 2018.
Mr. Hongxiang Yu has been a
director for American Lorain
Corporation, a company listed on New York Stock Exchange
(AMEX: ALN) since 2016. Mr. Yu has served as the head of the
internal auditing department of Hongrun Construction Group Co.,
Ltd., a company listed on the Shenzhen Stock Exchange, and as
general manager for Hongrun's foundation engineering subsidiary,
since August 2006. In September 2015, Mr. Yu established, and has been
the Chairman of, Shanghai Highlights Asset Management Co., Ltd., a
company engaged in assets management and private equity investment
in China. Since April 2016, Mr. Yu has also served as the Vice
Chairman of Tianjin Dragon Film Limited, a company engaged in
investment in film industry including the both upstream and
downstream chain of film production business in China. Mr. Yu received his Bachelor degree in
International Trade in 2004 from University of Portsmouth in the UK
and his Master degree in International Human Resources Management
in 2006 from University of Portsmouth.
Ms. Yilei Shao was nominated to
serve as a director for American Lorain
Corporation, a company listed on New York Stock Exchange
(AMEX: ALN) in 2018. Ms. Shao has served as founder and chief
executive officer of Shanghai Jianshi Management Consulting
Limited, focusing on cross-border advisory services for Chinese
companies and strategic consulting, since 2011. Ms. Shao served as
Vice President in the Credit Derivatives Department of Goldman
Sachs in New York from 2005 to
2010. Ms. Shao received a bachelor degree in computer science from
Shanghai Jiao Tong University and a Ph.D. in Computer Science from
Princeton University.
"We'd like to thank Ms. Zhu and Ms. Hu for their leadership,
guidance and dedication to TMSR while serving as members of the
Board," said Jiazhen Li, Chairwoman
of TMSR. "We are also very delighted that Mr. Yu and Ms. Shao have
agreed to join our Board and look forward to their expertise and
insights in helping further strengthen our Board."
About TMSR Holding Company Limited
Founded in 2009, TMSR Holding Company Limited engages in the
research, development, production and sale of an array of solid
waste recycling systems for the mining and industrial sectors in
the PRC. it provides end users in these markets with a clean
alternative to traditional waste disposal by significantly reducing
solid waste discharge into the environment and enabling such users
to extract value from valuable metals and other industrial waste
materials. For more information about TMSR, please visit
www.tmsrholding.com.
Safe Harbor Statements
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and Exchange
Commission, including the Company's annual report on 10-K. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
Investor Relations:
Tony Tian, CFA
Weitian Group LLC
Email: ttian@weitianco.com
Phone: +1 732 910 9692
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SOURCE TMSR Holding Company Limited