Tintbright AG
Tintbright AG: Tintbright AG appoints new Management Board members
Tintbright AG / Key word(s): Change of Personnel Tintbright AG appoints new Management Board members – Successors to Yuehui Hong decided – Yue Qun Hong and Wen Bin Hong appointed to the Management Board Hamburg, 14 July 2014 – In consultation with the present members of the Management Board, on 10 July 2014 the Supervisory Board of Tintbright AG, the German holding company of a Chinese textile manufacturer (Prime Standard, ISIN DE000A1PG7W8, TBR), appointed two new members of the Management Board. Yue Qun Hong and Wen Bin Hong, who provisionally assumed the duties of the company’s long-standing CEO Yuehui Hong following his sudden death, have been appointed to the Management Board with effect from 10 July 2014. “We are still shocked and saddened by the sudden death of Yuehui Hong, who helped build up Tintbright with tremendous commitment and foresight”, says the company’s founder and Management Board Chairman Tianzhun Zhao. In future, the operational management will be spread: “Yue Qun Hong and Wen Bin Hong are two extremely knowledgeable successors with considerable experience of the sector. Both have held managerial positions in the company for a long time and are therefore very familiar with its structures”, comments Tianzhun Zhao. Yue Qun Hong, the younger brother of the deceased, has 25 years of experience in the textile industry and has worked for Tintbright since the establishment of the company in 1995. As Vice General Manager and Marketing Manager, most recently he was responsible in particular for the procurement of raw materials, marketing strategy and cost controlling. Yue Qun Hong studied textile management at Dong Hua University and spent five years as Factory Manager at Fu Hua Clothing Manufacturing Co. Ltd. before the establishment of Tintbright. As a member of the Management Board he will take over the post of CEO. Wen Bin Hong, oldest son of Yuehui Hong, has also been appointed to the Management Board, where he will assume the post of Deputy CEO and will support Yue Qun Hong, especially in the operational management of the company. Wen Bin Hong has business studies degrees from the University of Shanghai for Science and Technology and University of Central Lancashire. For the past four years he has been General Manager of Tintbright’s fabric processing subsidiary Sanrong Printing Weaving Co., Ltd., where he was in charge of day-to-day operating business and implementing corporate strategy.
Tintbright AG is the German holding company of an established and fast growing Chinese textile manufacturer, which employs more than 1,100 workers in the production and processing of fabrics. This comprises weaving, printing and dyeing fabrics, and post-processing treatments. The company recognized the trend towards one-stop-solutions in the textile industry very early on and is now one of very few Chinese companies offering vertically integrated services to its customers. Tintbright increasingly focuses on innovative and functional product properties such as UV-protection and anti-static and anti-bacterial finishes. Tintbright’s products are sold to textile manufacturers, mainly in Fujian province and to local trading companies serving the whole PRC market and the most important export markets. Its broad customer base comprising over 550 buyers includes well-known Chinese brand names such as K-boxing, Anta and SeptWolves. For further information about the company visit: www.tintbright.de/en
Tintbright AG Ang Chung Member of the Management Board and CFO Email: ir@tintbright.de Phone: +86 187 5941 6698
This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Tintbright AG (the ‘Shares’) have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ‘Order’) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as ‘relevant persons’). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. End of Corporate News 14.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Tintbright AG | |
c/o HRG mbH, Ferdinandstr. 25 | ||
20095 Hamburg | ||
Germany | ||
Phone: | +86 595 8539 2011 | |
Fax: | +86 595 8538 7408 | |
E-mail: | ir@tintbright.de | |
Internet: | www.tintbright.de | |
ISIN: | DE000A1PG7W8 | |
WKN: | A1PG7W | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin | |
End of News | DGAP News-Service |
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