Starcrest Education The Belt & Road Directorate Changes (3668L)
29 Aprile 2020 - 3:51PM
UK Regulatory
TIDMOBOR
RNS Number : 3668L
Starcrest Education The Belt & Road
29 April 2020
29 April 2020
Starcrest Education The Belt & Road Limited
("Starcrest" or the "Company" or the "Group")
Directorate Changes
Starcrest Education The Belt & Road Limited (LSE: OBOR), the
international developer and operator of education services in
Europe, is pleased to announce the appointment of Mr. Luo Peng to
the Board as Executive Director with immediate effect. Mr. Zhu
Xingchen will step down from his role as Executive Director with
immediate effect.
Mr. Luo Peng is a Chinese entrepreneur who is at the forefront
of the digital economy. Mr. Luo currently serves as the Chairman
and Founder of diversified investment group Fubao Group as well as
holding a number of Executive and Non-Executive Directorships in
various companies and organisations.
Prior to forming Fubao Group, Mr. Luo worked for Truck
Alliances, serving as Chief Operating Officer and Chief Executive
Officer, where he helped to create China's largest online highway
logistics information platform. In 2017, Truck Alliances merged
with another unicorn to form the Man Gang Group, which is ranked as
one of China's top ten leading companies within the digital
economy, currently valued at more than $6 billion.
Mr. Luo has also held social positions such as the
Representative of the National People's Congress and the Executive
Committee of the All-China Federation of Industry and Commerce. Mr.
Luo graduated from the Department of Civil Engineering of Southwest
Jiaotong University in 1997 with a first class honour's degree in
Engineering.
John McLean OBE, Non-Executive Chairman, commented: "I am
delighted to welcome Mr. Luo to the Board at this transitional
period in the Company's development. Mr. Luo brings a wealth of
knowledge and experience, as well as an extensive network base,
which will no doubt provide the Company significant benefit.
"I would also like to express my thanks to Mr. Zhu for his
invaluable contribution to the Company. We all wish him the very
best in his future endeavours."
There are no further matters to be disclosed in accordance with
LR 9.6.13.
- Ends -
Enquiries:
Starcrest Education The Belt & Road Limited
John McLean OBE, Non-Executive Chairman +44 (0) 7768 031454
Allenby Capital Limited (Financial Adviser
and Broker) +44 (0) 20 3328
John Depasquale / Nicholas Chambers 5657
Yellow Jersey PR (Financial PR)
Sarah Hollins +44 (0) 7764 947137
Henry Wilkinson +44 (0) 7951 402336
Notes to editors:
Starcrest is an international developer and operator of
education services in Europe. The newly formed entity has been
established to seek acquisition opportunities in the international
education sector.
The Company intends to capture opportunities arising from the
'One Belt, One Road' ("OBOR") initiative, a foreign policy and
economic strategy of the Chinese Government. The term derives from
the Silk Road, the ancient trade route, and encompasses the
overland 'Silk Road Economic Belt' and the '21st-Century Maritime
Silk Road,' concepts introduced by Chinese President Mr Xi Jinping
in 2013. These are the two major axes along which China proposes to
economically link Europe to China through countries across Eurasia
and the Indian Ocean. The OBOR initiative also links to Africa and
Oceania.
Starcrest listed on the Main Market of the London Stock Exchange
on 31 January 2019 under the ticker symbol (LSE: OBOR). Further
information can be found on the Company's website at
https://www.starcresteducation.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 29, 2020 09:51 ET (13:51 GMT)
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