Business
Sino-Global Announces CEO Succession Plan to Accelerate Growth in Cryptocurrency and Other New Markets; Company Appoints Acting CFO as CFO
GREAT NECK, N.Y., Nov. 1, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global" or the "Company") today announced that Mr. Lei
About this update from Singularity Future Technology Ltd.
[{"type":"text","content":"GREAT NECK, N.Y., Nov. 1, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (\"Sino-Global\" or the \"Company\") today announced that Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global, plans to step down from his role as Chief Executive Officer effective November 1, 2021. He will remain Chairman of the Board, ensuring a smooth transition, having served as Chief Executive Officer since founding the Company in 2001. To accelerate the Company's diversification and growth in cryptocurrency and other new markets, the Company's Board of Directors unanimously elected the Company's Vice President, Mr. Yang \"Leo\" Jie to succeed Mr. Lei Cao effective November 1, 2021. Separately, the Company announced its Acting Chief Financial Officer, Ms. Tuo Pan, has been appointed as its Chief Financial Officer.\n\n \n \n \n \n \n \n\n \nMr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global, commented, \"I am proud of everything we have achieved over the past 20 years and Sino-Global's strong financial position. Several quarters ago, we embarked on an ambitious strategic shift designed to propel our company into the future of commerce, while leveraging our extensive successes and global logistics network. After considerable thought and planning, we believe it is the right time to empower the next generation to execute the day-to-day operations with tireless and relentless focus. Mr Yang 'Leo' Jie is an outstanding executive who knows our business and will lead Sino-Global in this rapidly evolving business environment. He has worked closely with me and the Board over the past year and is the right choice to guide Sino-Global into the new era. I am highly confident Mr. Yang 'Leo' Jie has the insight and judgment to deliver the leadership we need today and longer-term. In my continuing role as Chairman, I look forward to partnering together to build value for all shareholders.\"\nMr. Yang \"Leo\" Jie, Vice President and incoming Chief Executive Officer of Sino-Global, commented, \"Mr. Lei Cao has been a remarkable leader and provided the vision and drive, establishing Sino-Global as an important global shipping and logistics company. His foresight in diversifying into the cryptocurrency market has given us a meaningful competitive advantage and scalable platform to accelerate growth. I appreciate Mr.Cao's ...