WENLING, China and ALLENTOWN, Pa., Jan. 2, 2020 /PRNewswire/
-- Fuling Global Inc. (Nasdaq: FORK) ("Fuling Global" or the
"Company"), a manufacturer and distributor of environmentally
friendly disposable plastic and paper foodservice products, today
announced that Peng (Gillian) Hu has
been named chief financial officer.
Ms. Hu succeeds Meihong Pan, who
has served as interim CFO since November 2019. Ms. Pan will
remain with Fuling Global as its financial controller, a position
she has held since 2006. The Company's previous chief financial
officer, Gilbert Lee, currently
serves as a consultant to Fuling Global, focused on global
expansion initiatives.
Prior to joining Fuling Global, Ms. Hu was the financial
controller at Hunan International Economics University, a
subsidiary of Nasdaq-listed Laureate Education, Inc. She previously
held auditor positions at Friedman LLP and Ernst & Young.
Ms. Hu currently serves on the board of directors as audit
committee chair at China Eco-Materials Group Co. Ltd., which has
filed an F-1/A registration statement with the U.S. Securities and
Exchange commission for an initial public offering. Previously, she
was audit committee chair at China Xiangtai Food Co., Ltd., a
Nasdaq-listed company. Ms. Hu received an M.S. degree in
Taxation from the Zicklin School of Business, Baruch College, in New
York City and a B.B.A. degree in accounting from the School
of Economics and Management, Tsinghua University in Beijing.
"A highly experienced and skilled financial executive, Gillian
has significant Chinese GAAP and US GAAP accounting experience, and
we are excited that she is joining Fuling Global at an important
juncture in our evolution," said Xinfu
Hu, CEO of Fuling Global Inc. "Gillian will play a key
role as we focus on growth initiatives, including international
expansion and the introduction of new, environmentally friendly
products to foodservice customers around the world."
About Fuling Global Inc.
Fuling Global Inc. manufactures and distributes plastic and
paper serviceware for the foodservice industry, with precision
manufacturing facilities in the U.S., Mexico and China. The Company's plastic and paper
serviceware products include disposable cutlery, drinking straws,
cups, plates and other plastic and paper products and are used by
more than one hundred customers primarily from the U.S.,
China and Europe, including Subway, Wendy's, Burger
King, Taco Bell, KFC (China only),
Walmart, and McKesson. More information about the Company can be
found at: http://ir.fulingglobal.com/.
Forward-Looking Statements
This press release contains information about Fuling Global's
view of its future expectations, plans and prospects that
constitute forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Actual results,
including, but not limited to, international expansion and
introduction of new products, may differ materially from historical
results or those indicated by these forward-looking statements as a
result of a variety of factors including, but not limited to, risks
and uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business, variability
of operating results, its ability to maintain and enhance its
brand, its development and introduction of new products and
services, the successful integration of acquired companies,
technologies and assets into its portfolio of software and
services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Fuling
Global encourages you to review other factors that may affect its
future results in Fuling Global's annual report and in its other
filings with the Securities and Exchange Commission. Fuling Global
disclaims any obligation to update any forward-looking statements
to reflect events or circumstances after the date hereof.
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SOURCE Fuling Global Inc.
