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China Ceramics Announces Board Changes

2019-11-01 21:00 7914

JINJIANG, China, Nov. 1, 2019 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that effective as of November 1, 2019, the Company's Board of Directors (the "Board") appointed Mr. Song Chungen as an independent member of the Board as well as a member of the Audit, Compensation and Nominating Committees.

"We welcome Mr. Chungen to our Board and the Board's committees as an independent director and we are confident that he will make a positive contribution to the Company," said Ms. Meishuang Huang, Chief Executive Officer of China Ceramics.

Song Chungen has been a practicing lawyer at Guangdong Weihao Law firm from 2009 to present. He obtained his law license in May 2003, and in November 2009, Mr. Chungen obtained his Securities Qualification in China. Song Chungen holds a Bachelor's degree in Law from Sun Yat Sen University in 2007.

Also effective as of November 1, 2019, Liu Jun, a member of the Board and the Audit, Compensation and Nominating Committees, tendered his resignation. Mr. Liu Jun's resignation was for personal reasons and not due to any disagreements with the Company or its management.

"We are grateful to Liu Jun for his many contributions to the Company and we wish him the best of success in all of his future endeavors," said Ms. Meishuang Huang, CEO of China Ceramics.

About China Ceramics Co., Ltd.

China Ceramics Co., Ltd. is a leading manufacturer of ceramic tiles in China. The Company's ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. China Ceramics' products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the "TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang Dynasty" brands, are available in over 2,000 style, color and size combinations and are distributed through a network of exclusive distributors as well as directly to large property developers. For more information, please visit http://www.cceramics.com.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the PRC real estate and construction sectors continuing to exhibit sound long-term fundamentals, our ability to bring additional capacity online going forward as our business improves, our customers continuing to adjust to our product price increases, our ability to sustain our average selling price increases and to continue to build volume in the quarters ahead, and whether our enhanced marketing efforts will help to produce wider customer acceptance of the new price points. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2018 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

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Source: China Ceramics Co., Ltd.
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