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ZYQC GROUP HOLDING LIMITED

(ZYQG)
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ZYQC Group Holding Limited Announces Management Changes

10/02/2020 | 05:28pm EDT

On September 4, 2020, Mr. Jun Chen tendered his resignation as Chief Executive Officer of ZYQC Group Holding Limited, effective immediately. Mr. Chen’s resignation is for personal reasons and not due to any disagreement with the Company relating to the Company’s operations, policies or practices. On September 4, 2020, the board of directors of the Company approved an increase of the size of the Board from one director to three directors. Thereafter, on the same day, the Board appointed Yaxuan Liu, Aiping Zhou and Zhenguo Sun, to fill the vacancies on the Board created by the resignation of Mr. Chen and the increase in the size of the Board. In addition, the Board appointed Mr. Liu to serve as the Company’s Chief Executive Officer. Yaxuan Liu, age 45, has served as the Chairman of the board of directors of Zhongyuan Automobile Trading Co. Ltd., the Company’s indirectly wholly owned subsidiary in China, since April 2018. Mr. Liu served as the Chief Executive Officer of Shenzhen Haote Huaiyuan Automobile Trading Co. Ltd., a car dealer trading primarily used vehicles from May 2010 to June 2016. Prior to that, Mr. Liu was primarily engaged in the sales and trading of pre-owned vehicles.


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Financials (USD)
Sales 2020 1,32 M - -
Net income 2020 -3,94 M - -
Net cash 2020 0,17 M - -
P/E ratio 2020 -313x
Yield 2020 -
Capitalization 6,10 M 6,10 M -
EV / Sales 2019 -
EV / Sales 2020 1 272x
Nbr of Employees 31
Free-Float 37,3%
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Managers and Directors
Yaxuan Liu Chief Executive Officer, Secretary & Director
Aiping Zhou Chief Financial Officer, Treasurer & Director
Zhenguo Sun Director
Sector and Competitors