China Liberal Appoints Two New Independent Directors to its Board
China Liberal Education Holdings Limited (Nasdaq: CLEU) announced the appointment of two new independent directors to its board, expanding the board from five to seven members. As of July 20, 2021, Mr. Wandong Chen and Ms. Xinyu Deng have joined. Mr. Chen brings over 17 years of experience in accounting and finance, previously serving at Moore Stephens Da Hua CPAs. Ms. Deng has extensive legal expertise, having worked as chief general counsel at Baomihua.com. The CEO expressed confidence that their insights will enhance the company’s governance and industry position.
- Addition of experienced independent directors, enhancing governance.
- Mr. Chen's background in finance and Ms. Deng's legal expertise could strengthen compliance.
- Potential concerns about continuity and experience gaps in the board.
BEIJING, July 23, 2021 /PRNewswire/ -- China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal", the "Company", or "we"), an educational services provider in China, providing, among other services, smart campus solutions, today announced that the addition of two new independent board members to its board of directors (the "Board"). Effective as of July 20, 2021, the appointments expand the Company's Board from five to seven members with the additions of Mr. Wandong Chen and Ms. Xinyu Deng.
Mr. Chen has over 17 years of experience in accounting and finance. Mr. Chen has served as a partner at Moore Stphens Da Hua CPAs since December 2016. Prior to that, Mr. Chen served as the deputy general manager at Beijing De He CPAs from May 2010 to November 2016. Mr. Chen received his bachelor's degree in accounting from Harbin University of Commerce in 2000.
Ms. Deng has served as the chief general counsel at Baomihua.com, a China-based media company since September 2010. Prior to that, Ms. Deng served as a lawyer at Beijing Mingtai Law Firm from May 2009 to August 2010 and a lawyer at Yingke Law Firm from January 2005 to April 2009. Ms. Deng received her bachelor's degree in law from Peking University in 2001.
Ms. Ngai Ngai Lam, Chairperson and CEO of China Liberal, commented, "It is our great pleasure to welcome Mr. Wandong Chen and Ms. Xinyu Deng joining our Board as independent directors. They bring significant leadership experience and considerable track records of success in compliance and financial field for China-based enterprises. I am confident that their exceptional expertise and great insights will make tremendous contributions to the Company's inner control, further strengthen our industry position, and empower our growth. We look forward to seeing their fresh perspectives and insights, and working closely with them in the future."
About China Liberal Education Holdings Limited
China Liberal, headquartered in Beijing, is an educational services provider in China. It provides a wide range of services, including those under Sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students. For more information, visit the company's website at ir.chinaliberal.com.
Forward-Looking Statements
This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Investor Relations Contact
China Liberal Education Holdings Limited
Email:ir@chinaliberal.com
Ascent Investor Relations LLC
Ms. Tina Xiao
Email:tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
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SOURCE China Liberal Education Holdings Limited
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