SINGAPORE, Jan. 14,
2025 /PRNewswire/ -- Caravelle International Group
(NASDAQ: HTCO), a global ocean technology company, today
announced appointment of Shixuan
He as the Company's Chief Executive Officer and Xuanhua Xi
as an independent director and Chairman of the Audit Committee.
These strategic appointments are aimed at driving the company's
transition towards sustainable maritime practices and enhancing its
management systems.
Mr. He, with his 15 years of management experience, has
accumulated rich industry insights and exceptional leadership
skills. His career has spanned large-scale diversified holding
groups, rapidly growing intelligent and connected innovation
enterprises, and the new energy and low-carbon field, demonstrating
his adaptability and strategic vision in various business
environments and achieving outstanding results in expanding
business cooperation with multiple international well-known
enterprises. In 2014, after joining High-Trend Technology Co., Ltd.
as CEO, Mr. He led the development of the smart streetlight project
and introduced the innovative concept of "one road, one network,
one platform" for urban infrastructure IoT. In 2015, he
collaborated with General Electric (GE) to build China's first large-scale smart streetlight
IoT platform project, with a total investment of 200 million RMB. Building on the success of this
project, he signed a global strategic cooperation agreement with GE
at the 6th China-US Energy Efficiency Forum, witnessed by the
National Development and Reform Commission of China and the U.S. Department of Energy. This
agreement facilitated the global promotion of both parties' R&D
achievements. In 2019, the cooperation results of this project were
successfully replicated in the Brazilian market, achieving
significant project outcomes. In 2020, Mr. He focused on new energy
and low-carbon emission reduction projects, pioneering multiple
projects in the field of green biomass energy and carbon asset
development.
Ms. Xi possesses extensive experience in the field of
professional financial services, particularly excelling in
financial innovation. She has held senior management positions in
several well-known financial institutions, accumulating profound
professional knowledge and practical experience. Ms.Xi has been
serving as the Chief Risk officer of DigiFT Technology Group, a
Singapore-based on-chain capital
market operation and service provider, since December 2024. She served as the Deputy Chief
Executive Officer of Neutral Financial Holding Company Limited, a
Hong Kong-based licensed financial
service provider, from July 2024 to
December 2024. Previously, she served
as the Deputy Chief Executive Officer of BOCOM International
Holdings Co., Ltd., a Hong
Kong-based and listed financial service provider, from
July 2017 to December 2023. She was also the General Manager
of BOCOM International (Shanghai)
Equity Investment Management Co., Ltd., an investment management
company, from November 2020 to
January 2022. From March 2015 to July
2017, she served as the General Manager of BOCOM
International Securities Ltd., a company providing securities
brokerage services.
Mr. Jinyu Chang,
Chairman of the Board expressed that we are delighted to announce
the addition of Mr. He and Ms. Xi to the leadership team at
the company. Mr. He's strategic vision and extensive
experience will inject strong momentum into our sustainable
development strategy; Ms. Xi's exceptional leadership in
financial innovation and global perspective will further enhance
our competitiveness in the capital markets.
These appointments come at a significant time as
the company is focused on enhancing
its management systems and committing to ocean carbon neutrality.
The new leadership will guide company in leveraging cutting-edge
technology and finance integration to achieve sustainable
development and create substantial opportunities for long-term
growth and shareholder value.
About Caravelle International Group
Caravelle is a global ocean technology company with businesses
in international shipping and marine carbon neutrality. The company
is committed to improving shipping efficiency through innovative
technologies and promoting sustainable development in the
industry.
Forward Looking Statements
This announcement contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, including, without
limitation, those with respect to the objectives, plans and
strategies of the Company set forth herein and those preceded by or
that include the words "believe," "expect," "anticipate," "future,"
"will," "intend," "plan," "estimate" or similar expressions, are
"forward-looking statements". Such statements include, but are not
limited to risks detailed in the Company's filings with the U.S.
Securities and Exchange Commission, including its Annual Report on
Form 20-F for the fiscal year ended October
31, 2023. These forward-looking statements involve a number
of risks and uncertainties, which could cause the Company's future
results to differ materially from those anticipated. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. All information provided in this press
release is as of the date of the publication, and the Company does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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SOURCE Caravelle International Group
