Sino-Global announces CEO succession plan to boost Cryptocurrency and New Market Growth; Company Appoints Acting CFO as CFO. Chinese shipping company Sino-Global Shipping America, Ltd. (NASDAQ: SINO) today. Stated that Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global. Intends to step down from his position as Chief Executive Officer on November 1, 2021, beginning immediately. After serving as Chief Executive Officer since the Company’s inception in 2001. He will continue to serve as Chairman of the Board Providing a smooth transition for the company.
Ms. Yang “Leo” Jie, the Company’s Vice President. Has been overwhelmingly elected to succeed Mr. Lei Cao as President and Chief Executive Officer. With effect from November 1, 2021. This is also intended to drive the Company’s diversification and expansion in cryptocurrencies and other new markets. Separately, the Company announced that Ms. Tuo Pan. Who had been serving as Acting Chief Financial Officer. It has also been promoted to the position of Chief Financial Officer.
Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global, expressed his thoughts in the following way. “I am quite pleased with everything we have accomplished over the past 20 years. As well as with Sino-excellent Global’s financial position today. We launched on an ambitious strategic shift many quarters ago, with the goal of propelling our company. Into the future of commerce while capitalizing on our significant successes. And worldwide logistics network. After much deliberation and consideration, we believe it is the appropriate moment. To also entrust the next generation with the responsibility of carrying out the day-to-day activities,. With unwavering and unwavering focus.
Moreover, Mr Yang ‘Leo’ Jie is a distinguished executive who is well-versed in our industry. And who will also guide Sino-Global through this quickly changing economic climate.
Mr. Lei Cao has been a remarkable leader
Mr. Yang, thank you for your time “Vice President and incoming Chief Executive Officer of Sino-Global. Mr. Leo” Jie, stated, “Mr. Lei Cao has been a remarkable leader who has provided the vision. And drive also that have enabled Sino-Global to establish itself as a major global shipping and logistics company.” His insight in moving into the cryptocurrency business has provided us. With a significant competitive advantage as well as a scalable platform. On which to further our expansion.
Additionally, As Chief Executive Officer, I am grateful for Mr. Cao’s faith in me, as well as the support. Of the whole Board of Directors in electing me to this position, which is only the second. In the Company’s 20-year history. I believe we will have even bigger prospects in the future as we turn our focus. To the United States and also leverage our technology platform and blockchain to establish. New logistics methods, blockchain-related businesses. Supplementary services to existing ones.”
Since January 2021, Mr. Yang “Leo” Jie has served as Vice President of Sino-Global Corporation. He has previously held executive positions in both the United States and China. Mr. Leo graduated with honors from the Beijing Finance and Trade Technology College with a bachelor’s degree in business management.
Acting CFO Appointed CFO
Ms. Tuo Pan has been nominated and appointed as the Registrant’s new Chief Financial Officer (“CFO”). By the Nominating/Corporate Governance Committee of the Board, with effect from today. Prior to this, Ms. Tuo Pan served as the company’s Acting Chief Financial Officer. She has been with the company since October 2015. Miss Tuo Pan graduated with also a Bachelor’s degree in Accounting and Finance. From Curtin University of Technology in Australia. And with a Master’s degree in Advance of Accounting from the same institution.