Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

UCHC Play A Vital Role In The Ongoing Expansion Of The Chinese Economy

Uni Core Holdings Corporation (OTCMKTS:UCHC) was founded in 1998 and is headquartered in Hong Kong. As a direct link to China, Uni Core Holdings orporation serves as a vehicle allowing investors to directly participate in the rapid growth of the Chinese economy. UCHC through its subsidiaries develops, manufactures and distributes environmental friendly paper, agricultural products and property rights exchange based upon its proprietary technology and supply chains,To provide a platform to support, develop and nurture businesses which play a vital role in the ongoing expansion of the Chinese economy,To acquire companies with proprietary technology and/or revenues and guide them through significant growth with the potential for a spin-off or sale,To continuously enlarge our portfolio and opportunities through a locally based management and sourcing team combined with the support of western technology, finance and corporate governance.

Uni Core Holdings Corporation (OTCMKTS:UCHC), a Hong Kong based holding company, announced today the resignation of Mr. James Wu and Mr. Thomas Lee from the position of CEO and CFO, respectively, with effect from August 1, 2013. The Board of Directors is excited to announce the appointment of Mr. Peng I Hsiu as the new CEO and Mr. Liu Yi Sun as the new CFO, both effective from August 1, 2013.

Mr. Peng graduated from Chinese Culture University with a Master of Business Administration. Mr. Peng is currently the founder and Managing Director of both Uwin Venture Investment Co. Ltd. and Wonderful Bio-Tec Co. Ltd. Prior to starting his own business, Mr. Peng had served various executive positions, including Director of Fast Technologies Inc. and Managing Director of Yi-Cheng Preparatory Institute.

Mr. Liu has over 15 years' experience in various industries, including investment, transportation services, banking and technology. Prior to being appointed as CFO of UCHC, Mr. Liu held various senior management positions with solid management exposure and leadership experience.

The Board of UCHC believes, with the extensive experience in the financial services sector, Mr. Peng, supported by Mr. Liu, will bring in new perspective and new strategies to rebuild the business in the very near future. It is the Board's expectation that Mr. Peng will lead UCHC to regain the strength for continuous business growth.

The Board of UCHC also re-appointed Mr. Thomas Lee as a Consultant to the Company. Mr. Lee, recently joined RDS International Holdings Limited as their CFO, and shall concentrate working on the JV between Shaanxi Prosperous Agriculture Company Limited ("SPA") and RDS with the aim to expedite the business of SPA in the coming years.

For earnings history and earnings-related data on Uni Core Holdings Corporation (OTCPK:UCHC)


The assembled information disseminated by Pennystocksupdate is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Pennystocksupdate does expect that investors will buy and sell securities based on information assembled and presented in PLEASE always do your own due diligence, and consult your financial advisor.