RICHMOND, British Columbia, Sept. 08, 2017 (GLOBE NEWSWIRE) -- Alpha Peak Leisure Inc. (TSX-V:AAP) (the “Company”) is pleased to announce that Ms. Yuxiu Zhao has become the new Chairperson of the Board of the Company, along with other changes to the Company’s Board of Directors and Management.
Effective on September 4, 2017, Mr. Bob Hot-Hoi Chong resigned as the Chairman of the Board and as a director of the Company; Mr. Charles Hok-Hei Chong and Mr. Peter Kai-Sing So also resigned as directors of the Company. Ms. Yuxiu Zhao, a current director of the Company, has been elected to serve as the Chairperson of the Board. Ms. Pennie Zong, Mr. Ziqiang Liu and Mr. James Qin were appointed as directors of the Company to fill the vacancies created by resignations of Mr. Bob Hot-Hoi Chong, Mr. Charles Hok-Hei Chong and Mr. Peter Kai-Sing. The Company’s Board of Directors also resolved to increase the number of directors to ten (10) and appointed Mr. Jin Ren as an additional independent director.
Ms. Yuxiu Zhao, who first became a director of the Company in January 2015, is a successful entrepreneur from Hefei, Anhui, People’s Republic of China. Ms. Zhao has accumulated a wealth of experience in managing and operating businesses in China over the past decades. She has been the Founder and President of Anhui Hengxin Investment Development Co., Ltd. since 2001 to present; the Founder, President and General Manager of Wuhu Hengxin Auto Interior Trim Co., Ltd. since 2003 to present; the Co-Founder and Director of Hengxin Automobile Engine Parts Manufacturing Co., Ltd. since 2007 to present; and the President and General Manager of United Hengxin Limited since 2010 to present. Since 2014, she also served as a director of Xin’an Financial Group Co., Ltd. in China.
Ms. Pennie Zong is the daughter of Ms. Zhao. After graduating from Northeastern University in Boston, Massachusetts in 2013, she has served as the Chief Executive Officer of Shenzhen Yanghong Asset Management Co., Ltd. and as the General Manager of Hong Kong United Heng Shin since January of this year.
Mr. Ziqiang Liu has served as the Chairman of Hainan Blue Diamond Import and Export Co., Ltd. since 1996 to present. He also served as the Chairman of Anhui Blue Diamond Industries since 2003 to present and as the Chairman of Blue Diamond Holdings since 2011 to present.
Mr. James Qin is the President of HJI Group Corporation, a recognized international engineering consulting company with its head office in Los Angeles. He is also a Vice Chairman of the Board of Directors of HJI Group. He was a senior executive at two Fortune 500 multinational companies with extensive senior management experience. Dr. Qin was a Vice President at Trigen Energy Corporation, a New York Stock Exchange listed company, Suez Group, which has over 160,000 employees and billions dollars of revenue.
Mr. Jin Ren has held various positions at Bank of China International (China) Limited from 1998 to 2012. From 2012 to 2017, Mr. Ren worked JP Morgan First Capital Securities Co., Ltd., serving as its Chief Executive Officer before he left to join Hanfor Capital as its Chief Executive Officer in July of 2017.
Accordingly, the ten (10) current directors of the Company are: Yuxiu Zhao (Chairperson), Dennis Tam (Vice Chairperson), Pennie Zong, Ziqiang Liu, James Qin, Ken Poon, Teresa Lin, Neil Labatte, Anthony Tyen and Jin Ren.
The Company also announces that Mr. Ken Poon resigned as the Chief Executive Officer and Ms. Yuxiu Zhao has agreed to serve as the acting Chief Executive Officer for the time being. Ms. Katie Lam also resigned as Corporate Secretary of the Company and Mr. Lawrence Tang was appointed to the position of Corporate Secretary as well as serving as the Company’s Chief Financial Officer.
About Alpha Peak Leisure Inc.
The Company, via its wholly-owned subsidiary, Total Wonder Enterprises Limited, has a 40-year operating and development right with the Hailuo Valley Scenic Area Administration for Swallows’ Gully, a national scenic location in China encompassing an area of approximately 593km. Located in Ganzi Tibetan Autonomous Prefecture in Sichuan and within a cluster of highly frequented tourist landmarks, Swallows’ Gully is recognized as one of the most pristine and beautiful scenic sights in China.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ALPHA PEAK LEISURE INC.
“Lawrence Tang”
Lawrence Tang
Chief Financial Officer
For more information, please contact:
Lawrence Tang; Chief Financial Officer
Tel: (852) 9334-2863
lawrence.tang@alphapeak.ca
Forward-Looking Statements:
Certain statements contained in this press release constitute forward-looking statements or forward-looking information for the purposes of applicable Canadian securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or future performance relating to the Company which are subject to various risks and uncertainties. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking statements and are based on Alpha Peak’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those assumptions and factors are based on information currently available to Alpha Peak. The forward-looking information contained in this release is made as of the date hereof and Alpha Peak is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions underlying the forward-looking statements contained herein, investors should not place undue reliance on such statements. The foregoing statements expressly qualify any forward-looking statements contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.