HONG
KONG, Sept. 25, 2024 /PRNewswire/ -- Dunxin
Financial Holdings Limited ("Dunxin" or the "Company") (NYSE
American: DXF), a company engaged in real estate operation
management and investment and a digital technology security
business in Hong Kong, is pleased
to announce today that Mr. Longwen (Stanley) He, a current director of the Company,
has been appointed as the new Chief Executive Officer and the
Chairman of the Board of Directors.
On the same date, Mr. Siyuan Xu
has been appointed as a director of the Board. Mr. Xu is currently
also leading the Company's real estate operation business line.
Mr. Xu has served as the president of Xinnuohan Investment
Holding Shenzhen Co., Ltd. since August
2022, where he is responsible for the overall management of
the company. He is experienced in real estate investment, operation
management, asset mergers and acquisitions, and disposal of
non-performing assets.
Dunxin's CEO Stanley He
commented, "On behalf of our Board, I would like to extend our
gratitude to Siyuan for joining us. Real estate operation
management and investment is one of the Company's new main business
lines, and management believes that now is a good time for global
real estate investment. With the recovery of the economy and
consumption levels, the application of digital technology will
improve the efficiency and operating income of real estate
operations and will also bring stable cash flow to the company.
Siyuan's experience in real estate operations, mergers and
acquisitions, and cross-border operations can effectively assist
the company to accelerate the expansion of its real estate business
and help the company achieve better operational goals."
About Dunxin Financial Holdings Limited
Dunxin Financial Holdings Limited is a company engaged in real
estate operation management and investment and a digital technology
security business in Hong Kong,
China. The Company was formerly a licensed microfinance
lender serving individuals and SMEs in Hubei Province, China, but has suspended offering loans to its
customers since 2020.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of market in China and the other international markets
the Company plans to serve; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the
international markets the Company plans to serve and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward–looking statements to reflect events or circumstances that
arise after the date hereof.
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SOURCE Dunxin Financial Holding Limited
