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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SOURCE China Commercial Credit Inc.