HANGZHOU, China, Dec. 1 /PRNewswire-Asia-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced the appointment of Jason Yuan as Vice President of Investor Relations.
Before joining China 3C Group on a full-time basis, Jason Yuan was a Managing Director at Xingguang Investment Company, a venture capital firm based in Shanghai, that focuses on investments in fast-growing small and medium-sized enterprises and also provides financial consulting and merger and acquisition advice to its portfolio companies. Prior to this position, from January 2006 to May 2007, Mr. Yuan served as a Vice President with China 3C Group, serving as the company's spokesman in the US. Prior to that, Mr. Yuan worked at Xinyin Investment, an investment firm based in Beijing, and China International Trust and Investment Company, the nation's largest state-owned investment company. Mr. Yuan holds a Bachelor degree in Economics from the University of International Business and Economics in Beijing and is currently pursuing an Executive MPA at Columbia University.
Mr. Zhenggang Wang, Chairman and Chief Executive Officer of China 3C Group commented, "We are very pleased to welcome Jason back and have him serve as our Vice President and chief representative in the US once again. Jason's deep understanding of the Company and his many years of experience in the investment industry position him to be a highly effective liaison between the Company and Wall Street. His appointment reflects our commitment to continuously improving our communication and outreach with investors in the US. We believe that Jason will be a strong addition to our leadership team as we continue to execute our growth strategies and create value for shareholders."
About China 3C
China 3C is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com .
Forward-looking Statements:
Certain of the statements set forth in this press release constitute "Forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward-looking statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our Annual Report on Form 10-K. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward-looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward-looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.
For more information, please contact:
Jason Yuan, VP
China 3C Group
Email: irchina3c@gmail.com
Bill Zima
ICR, Inc.
Tel: +1-203-682-8200
SOURCE China 3C Group
International News / Press Release source: PR Newswire
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