Mercurity Fintech Holding Inc. Announces Resignation of Company Director

Rhea-AI Summary

Mercurity Fintech Holding Inc. (MFH) announced the resignation of Mr. Longming Wu from its Board of Directors, effective July 7, 2021. The resignation was due to personal reasons. Alva Zhou, Chairperson and Co-CEO, and Liu Hao, Co-CEO and Board Director, expressed their gratitude for Mr. Wu's contributions to the company. This leadership change may prompt discussions regarding the continuity of the company's strategic direction.

Positive

• Leadership change may bring fresh perspectives to the company's strategy.

Negative

• Resignation could raise concerns over continuity in leadership.
• Potential experience gap in the board following Mr. Wu's departure.

BEIJING, July 7, 2021 /PRNewswire/ -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH) today announced that Mr. Longming Wu has resigned from his position of the Company's Board of Directors due to personal reasons, effective July 7, 2021.

Miss. Alva Zhou, the Chairperson and Co-Chief Executive Officer, commented: "On behalf of the Board of Directors and our management team, I would like to express our sincere gratitude to Mr. Wu for all his contributions to the Company." 

Mr. Liu Hao, the Co-Chief Executive Officer and the Director of the Board, commented: "On behalf of the Board and management team, I would like to thank Mr. Wu for his valuable services and contributions to the Company and we wish him every success in the future."

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 "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend, " "ought to, " "plan, " "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should," "is likely to" and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company's beliefs and expectations are or contain 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. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:
Xingyan Gao
Mercurity Fintech Holding Inc.
ir@mercurity.com
Tel: +86 (10) 5360 6428 

View original content:https://www.prnewswire.com/news-releases/mercurity-fintech-holding-inc-announces-resignation-of-company-director-301326648.html

SOURCE Mercurity Fintech Holding Inc.

FAQ

Why did Mr. Longming Wu resign from MFH's Board of Directors?

Mr. Longming Wu resigned from his position due to personal reasons.

When did the resignation of Mr. Wu take effect?

The resignation of Mr. Wu took effect on July 7, 2021.

Who expressed gratitude towards Mr. Wu following his resignation?

Alva Zhou, Chairperson and Co-CEO, and Liu Hao, Co-CEO and Board Director, both expressed their gratitude.

What impact might Mr. Wu's resignation have on MFH?

The resignation could lead to concerns about leadership continuity and potential gaps in experience on the board.