BEIJING, April 28,
2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW)
("Puxin" or the "Company"), a private educational services provider
in China, today announced that the
Company has appointed Mr. Liang Zeng
as an independent director to the Company's board of directors (the
"Board"), effective April 28, 2022.
Mr. Liang Zeng will also serve as a
member on the Audit Committee, Compensation Committee and
Nominating and Corporate Governance Committee of the Board.
Mr. Zeng is a well-known Internet entrepreneur and angel
investor. He has extensive experience in strategic planning,
business development and operation management in industries such as
digital marketing, mobile Internet and artificial intelligence
applications. Mr. Zeng served as senior vice president of Kingdee
International Software Group Company Limited from 2003 to 2010. He
worked for Microsoft as vice president of Greater China Region from
2010 to 2013 and was responsible for the development of government,
education and medical industries in the region. From 2013 to 2017,
he held several executive positions including vice president of
Baidu Inc. and general manager of Baidu Nuomi. Mr. Zeng obtained
Master of Science both in Management and in Engineering from
Georgia Institute of Technology in USA.
In addition, he holds another Master of Science in Engineering
degree from Tsinghua University in Beijing.
On April 19, 2022, Mr.
Yonghong Fan has resigned from the
Board as a director and as a member of each committee of the Board
due to personal reasons. Mr. Fan's resignation was not result of
any dispute or disagreement with the Company on any matter relating
to the Company's operations, policies or practices.
Mr. Yunlong Sha, Chairman and
Chief Executive Officer, commented, "It is our pleasure to welcome
Mr. Liang Zeng to the Company's
Board. We believe his extensive experience of corporate strategy in
various industries will add value to Puxin and create long-term
shareholder value. Meanwhile, we also extend our thanks to Mr. Fan
for his guidance, commitment and enormous contribution to the
Company during his tenure on the Board."
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "may," "would,"
"expect," "anticipate," "future," "intend," "aim," "plan,"
"believe," "estimate," "predict," "project," "continue,"
"confident" and similar statements. Forward-looking statements in
this press release that are not historical facts, including
statements about the Company's beliefs and expectations, are
forward-looking statements that involve factors, risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Such factors and
risks include, but not limited to the following: continued listing
of the ADSs on the NYSE, compliance with NYSE rules, future
developments related to the Notes, the Company's goals and
strategies, its ability to achieve and maintain profitability, its
ability to attract and retain students to enroll in its courses,
its ability to effectively manage its business transition and
expansion and successfully integrate new businesses, its ability to
identify or pursue targets for acquisitions, its ability to compete
effectively against its competitors, its ability to improve the
content of its existing courses or to develop new courses, and
relevant government policies and regulations relating to the
Company's corporate structure, business and industry. Further
information regarding these and other risks is included in the
Company's most recent Form 20-F annual report and other filings
with the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the
press release, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
About Puxin Limited
Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a
private educational services provider in China. Puxin has a strong acquisition and
integration expertise to effectively improve education quality and
operational performance of acquired schools. Puxin offers quality
educational services to students, and has developed online and
mobile applications to enhance students' learning experience. For
more information, please visit http://www.pxjy.com/.
Contacts
Puxin Limited
Investor Relations
Phone: +86-10-6269-8930
E-mail: ir@pxjy.com
ICA Investor Relations (Asia) Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
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SOURCE Puxin Limited