BEIJING, June 9, 2020 /PRNewswire/ -- Puxin Limited (NYSE:
NEW) ("Puxin" or the "Company"), a successful consolidator of the
after-school education industry in China, today announced that the Company has
appointed Mr. Yonghong Fan as an
independent director to the Company's board of directors (the
"Board"), and Mr. Kehai Xie has
resigned from the Board as an independent director and as a member
of each committee of the Board due
to personal reasons, both effective June 7,
2020.
Mr. Yonghong Fan will serve on
the Audit Committee, Compensation
Committee and Nominating and Corporate Governance Committee of
the Board. Mr. Fan currently serves as general manager at
Hongshi Capital Management Co., Ltd. He previously held various
management positions at China Construction Bank Corporate and
Huaxia Securities Co., Ltd. from 1988 to 1998. Mr. Fan served as
general manager of China Asset Management Co., Ltd. and then
chairman of the board of China Asset (Hong Kong) Co., Ltd. from 1998 to 2013. Mr. Fan served as chief
investment officer of China Life Asset Management Company Limited
from December 2013 to April 2015. Mr. Fan also serves as an independent
director of China Feihe Limited, listed on the Hong Kong Stock
Exchange and an independent director of Yintech Investment Holdings
Limited, listed on NASDAQ. In
July 1998, Mr. Fan obtained a
Doctor's degree in Economics from the Postgraduate Department of
Institute of Fiscal Finance under the Ministry of Finance, renamed
as the Chinese Academy of Fiscal Sciences in 2016.
Mr. Yunlong Sha, Chairman and
Chief Executive Officer, commented, "We appreciate the guidance,
dedication and tremendous contribution of Mr. Xie to the Company
during his tenure on the Board. It has been a pleasant journey
working with him, and we wish him all the best in future endeavors.
In the meantime, we are excited to welcome Mr. Fan to Puxin's
Board. His extensive experience in the financial market and
expertise in corporate governance will be valuable additions to the
Board as we continue to create
long-term shareholder value."
About Puxin Limited
Puxin Limited ("Puxin" or the "Company") is a successful
consolidator of the after-school education industry in China. Puxin has a strong acquisition and
integration expertise to effectively improve education quality and
operational performance of acquired schools. Puxin offers a full
spectrum of K-12 and study-abroad tutoring programs designed to
help students achieve academic excellence, as well as prepare for
admission tests and applications for top schools, universities and
graduate programs in China and
other countries. The Company has developed a business model
effectively combining strategic acquisitions and organic growth
achieved through successful post-acquisition integration, which has
differentiated the Company from other after-school education
service providers in China. For
more information, please visit http://www.pxjy.com/.
Contacts
Puxin Limited
Phone: +86-10-6269-8930
E-mail: ir@pxjy.com
ICA (Institutional Capital Advisory)
Mr. Kevin Yang
Phone: +86-021-8028-6033
E-mail: puxin@icaasia.com
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SOURCE Puxin Limited
