China Silver Group Introduces Strategic Shareholder To Jointly Promote Rapid Development of Silver Exchange Business
[For Immediate Release]
China Silver Group Introduces Strategic Shareholder
To Jointly Promote Rapid Development of Silver Exchange Business
HONG KONG, 7 August 2016 - Leading Chinese silver brand China Silver Group Limited (“China Silver Group” or “the Group”; Stock Code: 815.HK) is pleased to announce that the Group has introduced Mr. Zhou Quanyi, a veteran investor in the commodity exchange business, as a strategic shareholder.
Mr. Zhou will subscribe to approximately 2.05% of the Group’s issued shares as enlarged by the subscription, at HK$1.80 per subscription share in cash, becoming a strategic shareholder of the Group. With his substantial experience in the commodity exchange business and industry resources, Mr. Zhou will help the Group to expand its downstream silver exchange business and establish market leadership, enabling the Group to become a leading fully-integrated silver and precious metals enterprise in the PRC.
Mr. Chen Wantian, Chairman of China Silver Group, said, “We welcome Mr. Zhou to join the Group as a strategic shareholder. We believe Mr. Zhou’s invaluable experience and industry resources will help the Group to consolidate its upstream and downstream resources, as well as to facilitate the rapid growth of our silver exchange business. Over the years, the Group has been exploring development opportunities in the downstream silver exchange business. We have officially entered into the silver exchange industry by fully acquiring Shanghai White Platinum & Silver Exchange earlier this year. By introducing a new management team with substantial experience in both domestic and international, as well as building a strong exchange platform, we hope the Group will further optimize its integrated business chain, in order to become a leading fully-integrated silver and precious metals enterprise in the PRC.”
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China Silver Group Limited
Founded in 2002, China Silver Group is a leading silver producer in China and one of the few Chinese companies capable of producing silver ingots with a purity grade of 99.999%, currently the world's highest standard. The Group is a member of the London Bullion Market Association (LBMA) and has been ranked as one of the 20 most popular silver brands in China for eleven consecutive years. In recent years, the Group has diversified into the downstream businesses and launched an integrated O2O platform “金貓銀貓www.CSmall.com”. Furthermore, the Group has fully acquired Shanghai White Platinum and Silver Exchange to develop the silver exchange business, aiming to become the leading vertically-integrated silver enterprise in China.
To learn more about the Group, please visit China Silver Group’s website at: www.chinasilver.hk.
About Mr. Zhou Quanyi
Mr. Zhou, a Bachelor of Laws, was among the first to acquire the qualification of securities and futures practitioner, certificate of senior management qualification, registered senior gold analyst and senior financial planner by China Securities Regulatory Commission. Mr. Zhou has over 20 years of management experience in the commodities futures industry and has held key positions in Xiamen Qifa Commodities Futures Limited* and Tanrich Financial Holdings Limited. He was the Director and General Manager of Fujian Runfu Futures Brokers Limited*. He is currently the Chairman of the Board at Yi Shuo Group Limited. He also hosts social posts including Executive Vice President at China Financial Factors Market Institute*.
Mr. Zhou has rich experiences in the commodities futures market and has significant influence on the industry. He has extensive resources in the finance sector, and was involved in the planning of the finance industry and the construction of exchanges in various Chinese provinces and cities, including Xinjiang, Shenzhen, Liaoning, Beijing, Shanghai and Fujian.
Yi Shuo Group Limited is an investment company managed by Mr. Zhou. It invests in exchanges including the Fujian Maritime Silk Road Commodity Trading Center, Dongbei Commodity Exchange and Shenzhen Rough Diamond Exchange. It is also entrusted with the operation of exchanges including the Dalian Renewable Resources Exchange* and Shanghai Culture Assets and Equity Exchange, demonstrating his strong market influence in the commodity exchange and futures industry. Mr. Zhou has made major contribution to strengthen sustainable healthy development of the internet finance industry and local economic development.
*For identification purposes only.
For further enquiries, please contact:
Ka Wai Li
Tel: (852) 2894 6252
Tel: (852) 2894 6258
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