Tintbright AG
Tintbright AG: Tintbright AG saddened by death of co-founder and CEO Yuehui Hong
Tintbright AG / Key word(s): Change of Personnel Tintbright AG saddened by death of co-founder and CEO Yuehui Hong – CEO Yuehui Hong has died suddenly – Yue Qun Hong and Wen Bin Hong assume his operational tasks Hamburg, 26 June 2014 – Tintbright AG, the German holding company of a Chinese textile manufacturer (Prime Standard, ISIN DE000A1PG7W8, TBR), is mourning the death of its long-standing CEO Yuehui Hong, who died of a stroke in the night of June 23 – 24, 2014. As co-founder, Yuehui Hong had worked for the company from 1998 and as CEO he shared responsibility for the strategic focus of Tintbright AG with co-founder and Management Board Chairman Tianzhun Zhao. Yuehui Hong was also highly respected outside the company and was a member of the President’s Group of People’s Congress of Yingling Town, Chairman of the Sino-Foreign Entrepreneurs Association in Quanzhou and Deputy Director of the Printing Technology Professional Committee of the National Dyeing and Printing Association. Following his sudden death, his operational role will initially be assumed by his younger brother, Yue Qun Hong, who has more than 30 years of experience in the textile industry and has worked for Tintbright since 1995. As a member of the senior management, most recently he has been responsible for the procurement of raw materials and for cost controlling. Yue Qun Hong will be assisted by Wen Bin Hong, the eldest son of Yuehui Hong. For the past four years, Wen Bin Hong has been General Manager of Tintbright’s fabric processing subsidiary Sanrong Printing Weaving Co., Ltd. The Supervisory Board of Tintbright AG will discuss suitable candidates with the Board of Management in the near future as a basis for appointing a successor.
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 26.06.2014 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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