SUZHOU, China, Feb. 20, 2018 /PRNewswire/ -- China Commercial Credit, Inc. (Nasdaq: CCCR) (the "Company"), a microfinance company providing financial services to small-to-medium enterprises ("SMEs"), farmers and individuals in Jiangsu Province, today announces the appointment of Mr. Alex Lau as the Company's Chief Technology Officer, effective February 20, 2018. In this role, Mr. Alex Lau will join the Company's Senior Leadership Team as a professional with over 19 years of experience and report directly to the CEO.
As CTO, Mr. Alex Lau will be responsible for evolving the Company's current technology strategy and driving execution on our roadmap to help the Company explore potential markets and opportunities.
Alex received his Software Computer Science degree at University of North Texas in 1999. Previously, Alex worked at Nortel Network, before moving to China. He was the R&D Manager for SUSE Linux in Beijing and Taiwan and served as the CTO for Symbio Mobile. Before joining the Company, he has been working as a consultant for Ceph Distributed Filesystem for SUSE and as a Blockchain Consultant for WeBank and CyberMiles.
The Company also announced engagement of Mr. Jun liu as our technology advisor who is an IT veteran with 17 years of experience in the IC design and development industry. Mr. Liu obtained his master degree in modern physics from University of Science and Technology of China in 1997. He used to serve as the digital IC design department manager for GuoMin technology Limited (previously Shenzhen ZTE Blx Design Corporation). He led the development of USB KEY chip which dominates the Chinese domestic market, he also participated in the development of the elliptic curve encryption algorithm, USB controller, PHS mobile phone card reader 2.4G, social security card, RF transceiver, TPM/TCM controller chip CPU system. Mr. Liu developed the first 16nm CPU, he is an expert in algorithm accelerator and ARM system architecture design.
Commenting on the appointment, Mr. Long Yi, the Chief Financial Officer and Director of the Company, stated, "It gives me great pleasure to welcome Mr. Alex Lau to China Commercial Credit, Inc. as our new CTO. This appointment is critical to the success of the Company as we start the process of strategic transformation of the Company. We are also excited to have Mr. Liu joining us as a technical advisor to assist the CTO. We are delighted to have been able to attract such seasoned leaders from the IT sector. We have been very impressed with Mr. Alex Lau and Mr. Liu's technical and business track records and their achievements speaks for themselves. Mr. Alex Lau's appointment adds additional strength to the Company's management, and to what is shaping up to be a very high-quality, dynamic, leadership team."
About China Commercial Credit
China Commercial Credit, founded in 2008, provides business loans and loan guarantee services to small-to-medium enterprises ("SMEs"), farmers and individuals in China's Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals -- which historically had been excluded from borrowing funds from State-owned and commercial banks -- are now able to borrow money at competitive rates from microfinance lenders. For more information, please visit http://www.chinacommercialcredit.com.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties once the transaction is complete, and the Company's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. All information provided in this press release is as of the date hereof. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Mr. Long Yi, Chief Financial Officer and Director
China Commercial Credit, Inc.
Tel: +86 13584802352
Email: 13584802352@139.com
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