Jiasen International Holdings Ltd Directorate Change (1582A)
25 September 2015 - 4:00PM
UK Regulatory
TIDMJSI
RNS Number : 1582A
Jiasen International Holdings Ltd
25 September 2015
JIASEN INTERNATIONAL HOLDINGS LIMITED
directorate Change
Jiasen International Holdings Limited ("Jiasen", "the Company"),
together with its subsidiaries, is pleased to announce the
appointment of Yip Ming ("Gareth") Wong and Curtis Dennis Riley to
the Board as Finance Director and Non-executive Director
respectively. Jiasen is an international property fit-out business
specialising in the design, manufacture and installation of
multiple wooden products for residential properties.
Yip Ming ("Gareth") Wong, aged 36, has more than 10 years of
experience in the field of accountancy and auditing. Mr Wong was
formerly an Audit Manager at Crowe Horwath (HK) CPA Limited in Hong
Kong where he was responsible for auditing publicly quoted
companies listed in Hong Kong and the US. His clients included
companies involved in manufacturing, import and export, retail and
property development. Prior to joining Crowe Howarth in 2010, Mr
Wong worked at BDO Limited in Hong Kong. Mr Wong is a member of the
Hong Kong Institute of Public Accountants and holds a Bachelor of
Business Administration from Lingnan University. Mr Wong is
bilingual in English and Mandarin.
Curtis Dennis Riley, aged 54, has more than 25 years of
international business development experience with a strong track
record of evaluating and executing strategic transactions including
M&A. Mr Riley has also successfully structured large scale
outsourcing arrangements between Fortune 500 companies and service
providers in India, China, South America, and Europe. His extensive
experience includes advising manufacturing companies on improving
performance by implementing innovative technologies and supply
chain optimisation for clients such as Lockheed Martin, Bell
Helicopter, Dell Computer, and General Motors. He has held
leadership positions with global technology companies including
IBM, EDS, CSC, and NEC. Mr. Riley has a BSEE from the University of
Texas in Austin.
Weigang Chan, Executive Chairman commented:
"I am delighted that Gareth and Curtis are joining the Board and
welcome their expertise and significant experience, which will be
invaluable to us as we grow our business and continue to expand
from being predominantly a door supplier to offering a range of
high quality fixtures and fittings for home owners who are
increasingly seeking convenience via a single-source supplier. The
next 18 months are critical for our development when we will see
the construction of the new manufacturing facility and when we
expect to build on our presence in the market place.
As we seek to accelerate the growth of our business, we are
considering the appointing a further non-Executive Director to
enhance the profile of the Company and to demonstrate the Company's
commitment to corporate governance and transparency. A further
announcement on this will be made in due course."
Pursuant to Schedule 2(g) of the AIM Rule, Yip Ming ("Gareth")
Wong is a Director of the following company:
-- Joyee Development Limited
He not been a Director of any other companies in the last 5
years. There are no other disclosures required under Schedule Two
(g) of the AIM Rules. He does not hold any interest in the Ordinary
Shares of the Company.
Curtis Dennis Riley is a Director of the following
companies:
-- Sleepaid Holding Co.,
-- Expert Capital Investments Ltd
In the last five years, he has also been a Director of the
following companies
-- Technology Partnership & Investment Ltd
-- Global Capital Partners Ltd
-- Dynamo Data LLC
There is no further information to be disclosed under Rule 17 or
Paragraph (g) of Schedule 2 of the AIM Rules for Companies. He does
not hold any interest in the Ordinary Shares of the Company.
For further information, please visit www.jsih.net or
contact:
Jiasen International Holdings
Limited Gareth Wong +86 18016603993
------------------------------- ----------------------- ----------------
Cairn Financial Advisers
LLP Jo Turner +44 (0)20 7148
(Nominated Adviser) Liam Murray 7900
------------------------------- ----------------------- ----------------
Jon Levinson
Beaufort Securities Limited Saif Janjua +44 (0)20 7382
(Broker) Elliot Hance 8300
------------------------------- ----------------------- ----------------
Shan Shan Willenbrock +44 (0)20 7930
Cardew Group David Roach 0777
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Notes to Editors
The Company was established in 2001 and is based in Quanzhou
City, Fujian province, located in south-eastern China. Its products
are sold and marketed under the 'Fuyou' brand and produced in its
83,000 sqm factory in Nan'an City, Fujian province by its workforce
of more than 1,500 employees.
Jiasen's main products include doors, wall panels and assorted
fixtures, such as fitted wardrobes, cupboards and skirting boards,
and furniture which are sold principally to property development
projects, through branded 'Fuyou' retail stores and to export
markets. The Company's products are sold in three main segments:
residential and property development projects, wholesale
distribution and export.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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