Ever-Glory Announces Resignation of Director
December 04 2009 - 3:05PM
PR Newswire (US)
NANJING, China, Dec. 4 /PRNewswire-Asia-FirstCall/ -- Ever-Glory
International Group, Inc. (the "Company," "Ever-Glory") (NYSE Amex:
EVK) announced today the resignation of Bennet P. Tchaikovsky, an
independent director and Chairman of the Audit Committee and a
member of the Compensation Committee, from each of the positions
effective on November 25, 2009. Mr. Tchaikovsky's resignation was
not the result of any disagreement with the Company on any matter
relating to the Company's operations, policies or practices. "We
thank Bennet for his contributions and wish him the best of luck in
his future endeavors," said Mr. Edward Yihua Kang, Chairman and
Chief Executive Officer of Ever-Glory. "The Company has commenced a
search for his successor. In the interim, the other two independent
directors serving on the Audit Committee and Compensation
Committee, Mr. Zhixue Zhang and Mr. Changyu Qi will share Mr.
Tchaikovsky 's responsibilities until a successor can be named."
About Ever-Glory International Group, Inc. Based in Nanjing, China,
Ever-Glory International Group, Inc. is a leading apparel supply
chain manager and retailer in China. Ever-Glory is the first
Chinese apparel company listed on the American Stock Exchange (now
called NYSE Amex, and has a focus on middle-to-high grade casual
wear, outerwear, and sportswear brands. The Company maintains
global strategic partnerships in Europe, the United States, Japan
and China, conducting business with several well-known brands and
retail chain stores. In addition, Ever-Glory operates its own
domestic chain of retail stores known as "LA GO GO." Safe Harbor
Statement Certain statements in this release and other written or
oral statements made by or on behalf of the Company are "forward
looking statements" within the meaning of the federal securities
laws. Statements regarding future events and developments and our
future performance, as well as management's expectations, beliefs,
plans, estimates or projections relating to the future are
forward-looking statements within the meaning of these laws. The
forward looking statements are subject to a number of risks and
uncertainties including market acceptance of the Company's products
and projects, the Company's continued access to capital, currency
exchange rate fluctuation and other risks and uncertainties. The
actual results the Company achieves may differ materially from
those contemplated by any forward-looking statements due to such
risks and uncertainties. These statements are based on our current
expectations and speak only as of the date of such statements.
Readers should carefully review the risks and uncertainties
described in the Company's latest Annual Report on Form 10-K and
other documents that the Company files from time to time with the
U.S. Securities and Exchange Commission. DATASOURCE: Ever-Glory
International Group, Inc. CONTACT: Yan Guo, Chief Financial
Officer, +86-25-5209-6889
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