SHENZHEN, China, Sept. 10, 2013 /PRNewswire/ -- Uni Core Holdings
Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong based holding company, announced
today the resignation of Mr. James
Wu and Mr. Thomas Lee from
the position of CEO and CFO, respectively, with effect from
August 1, 2013. The Board of
Directors is excited to announce the appointment of Mr. Peng I Hsiu
as the new CEO and Mr. Liu Yi Sun as
the new CFO, both effective from August 1,
2013.
Mr. Peng graduated from Chinese Culture University with a Master
of Business Administration. Mr. Peng is currently the founder and
Managing Director of both Uwin Venture Investment Co. Ltd. and
Wonderful Bio-Tec Co. Ltd. Prior to starting his own business, Mr.
Peng had served various executive positions, including Director of
Fast Technologies Inc. and Managing Director of Yi-Cheng
Preparatory Institute.
Mr. Liu has over 15 years' experience in various industries,
including investment, transportation services, banking and
technology. Prior to being appointed as CFO of UCHC, Mr. Liu held
various senior management positions with solid management exposure
and leadership experience.
The Board of UCHC believes, with the extensive experience in the
financial services sector, Mr. Peng, supported by Mr. Liu, will
bring in new perspective and new strategies to rebuild the business
in the very near future. It is the Board's expectation that Mr.
Peng will lead UCHC to regain the strength for continuous business
growth.
The Board of UCHC also re-appointed Mr. Thomas Lee as a Consultant to the Company. Mr.
Lee, recently joined RDS International Holdings Limited as their
CFO, and shall concentrate working on the JV between Shaanxi
Prosperous Agriculture Company Limited ("SPA") and RDS with the aim
to expedite the business of SPA in the coming years.
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries
develops, manufactures and distributes environmental friendly paper
and agricultural products based upon its proprietary technology and
supply chains. The Company was founded in 1998 and is headquartered
in Hong Kong.
APT Paper Group, founded in November
1993, is a wholly owned subsidiary with a factory in
Qingdao, China. UCHC acquired 100%
of APT in June 2010. Based upon
proprietary technology, production, marketing and global supply
chains, APT is one of the leaders of the modern environmentally
friendly packing and honeycomb paper products industry in
China. APT's products are produced
from recycled materials and are recyclable. APT's products include
honeycomb paper pallets, honeycomb paper panels, honeycomb paper
cartons, honeycomb paper coffins, honeycomb paper cushions, paper
slip-sheets, paper corner protectors and corrugated paper products.
APT holds patents throughout the world on many of its products.
Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony,
Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 51% of which is owned by UCHC, is
headquartered in Xi'an,
Shaanxi Province, China. Prosperous Agriculture manufactures and
distributes agricultural brands and also establishes a national
agricultural resources chain direct sales platform through the
opening and acquiring of agricultural resources direct sales
outlets and dealers, and by working with well-known manufacturers
of agricultural products. Prosperous Agriculture integrated more
than 2,000 agricultural resources.
The Joint Venture between Shaanxi Prosperous Agriculture and
Jewon Mining - "Phyllite" was formed in February 2013. Jewon Mining is the mining company
of Phyllite in Korea, a substance originated from a mountain in
Kunsan, Korea. Phyllite, having been proved effective in
decontaminating nuclear radiation, can have various applications,
such as a substitute of artificial/chemical agricultural medicine,
agricultural water purifier and as animal feeding material. Shaanxi
Prosperous Agriculture has the knowledge of applying Phyllite in
their various farm products and is awarded an exclusive agent
agreement to sell Phyllite in China for 3 years.
This press release contains forward-looking statements within
the meaning of the federal securities laws, including statements
concerning business arrangements, product development activities,
sales, customers, and development activities. Such forward-looking
statements are sometimes identified by words of condition such as
"should," "may," or "intends," and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those intended or anticipated. Such risks include,
without limitation: Impacts arising from competition, difficulties
experienced in product development, roadblocks experienced in sales
and marketing activities, longer than expected sales processes,
difficulties in recruiting knowledgeable and experienced personnel,
possible geological problems, the possibility that little or no
interest will be shown in the Company or its business by financial
markets, potential problems in protecting the Company's
intellectual property, and problems securing the necessary
financing to continue operations. Further information concerning
these and other risks is included in the Company's filings with the
Securities and Exchange Commission, including the Company's most
recent Quarterly Report on Form 10-Q for the fiscal quarter ended
March 31, 2013. The Company
undertakes no obligation to update or revise such forward-looking
statements to reflect events or circumstances occurring after the
date of this press release.
For more information, please contact:
Mr. Zhou Caiyi
Tel: +852-2827-6898
Fax: +852-2827-6989
Email: ir@unicoreholdings.com
Web: http://www.unicoreholdings.com
SOURCE Uni Core Holdings Corporation