HONG KONG, Jan. 20, 2022 /PRNewswire/ -- Euro Tech Holdings
Company Limited (NASDAQ: CLWT) (the "Company") announced today
that effective February 1, 2022,
David YL Leung, currently a Director of the Company, will assume
the role of Chief Executive Officer ("CEO") of the Company. TC
Leung, the Company's current CEO, will continue to serve the
Company as the Chairman of the Board.
The Company is delighted to welcome David YL Leung as CEO, who
brings a great track record and key experience to help guide the
Company during its next phase of development. The transition of the
CEO position has been planned for some time.
TC Leung, Chairman of the Company, commented: "The Board of
Directors welcomes the transition of the CEO role to David YL
Leung. David's experience, especially with Ballast Water Treatment
business activities and track record with the Company and its
operating subsidiaries, will add further strength to the management
team as the company embarks on its next phase of exploration and
business growth. I will take a non-executive role in order to
continue supporting the Company's development. I am delighted that
David has accepted the position as CEO, and I look forward with
anticipation to seeing the Company succeed under his
leadership."
About David YL Leung
David YL Leung, has been the General Manager
of Yixing Pact Environmental Technology Co., Ltd, Shanghai ("Yixing Pact") since 2011. His
responsibility includes management of engineering, sales,
marketing, projects, and procurement. Before joining Yixing Pact,
he was the Business Development Manager of Euro Tech (Far East)
Limited, the parent company of Yixing Pact in Hong Kong, and has been working for the parent
company for more than 10 years. Mr. Leung has gained a solid sales
and marketing experience in distributing power, analytical and
scientific testing equipment in Hong
Kong and Macau. He has also
worked for a high tech Japanese company focused on power and
electrical testing instrument in Japan from 2000 and 2001 as a trainee. Mr.
Leung is an environmental studies graduate from Carleton University, Ottawa, Canada (1997) with a special focus on
Environmental Impact Assessment, and a Master of Management
graduate from Macquarie Graduate School of Management, Sydney Australia (2010).
Forward-Looking Statements
Certain statements contained in this release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward looking
statements contained in this release relate to, among other things,
the Company's ongoing compliance with the requirements of The
NASDAQ Stock Market LLC. They are generally identified by words
such as "believes," "may," "expects," "anticipates," "should'" and
similar expressions. Readers should not place undue reliance on
such forward-looking statements, which are based upon the Company's
beliefs and assumptions as of the date of this release. The
Company's actual results could differ materially due to risk
factors and other items described in more detail in the "Risk
Factors" section of the Company's Annual Reports on Form 20-F filed
with the Securities and Exchange Commission (copies of which may be
obtained at www.sec.gov). Subsequent events and developments
may cause these forward-looking statements to change. The Company
specifically disclaims any obligation or intention to update or
revise these forward-looking statements as a result of changed
events or circumstances that occur after the date of this release,
except as required by applicable law.
Website: http://www.euro-tech.com
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SOURCE Euro Tech Holdings Company Limited