WENLING, China and ALLENTOWN, Pa., Nov.
29, 2019 /PRNewswire/ -- Fuling Global Inc. (Nasdaq: FORK),
("Fuling Global" or the "Company"), a manufacturer and distributor
of environmentally friendly plastic and paper foodservice
disposable products, today announced that Gilbert Lee has relinquished his position as
Chief Financial Officer and will remain with Fuling Global as a
consultant. Mr. Lee had been CFO since before the Company's initial
public offering in 2015. In his new consulting role, he will
focus on global expansion and associated operations initiatives and
will assist with the CFO transition.
The Company also announced it has named Meihong Pan as Fuling Global's interim CFO, and
it has initiated a search for a CFO. Ms. Pan has been Fuling
Global's financial controller since 2006 and has been with Fuling
Global since 2004.
Fuling Global established its first manufacturing facility
outside of China, in Allentown, Pennsylvania, in 2015.
Earlier this year, the Company opened a manufacturing plant in
Monterrey, Mexico, and plans to
open a manufacturing plant in Semarang, Indonesia in 2020.
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, the timing of opening a new facility
in Indonesia, 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.