ARMLOGI HOLDING CORP. ANNOUNCES MANAGEMENT TRANSITION
14 Januar 2025 - 10:05PM
Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC),
a U.S.-based warehousing and logistics service provider that offers
a comprehensive package of supply-chain solutions related to
warehouse management and order fulfillment, today announced a
transition in its executive leadership. Sheng-Kai (Scott) Hsu has
been appointed as the Chief Financial Officer of Armlogi, effective
January 13, 2025, succeeding Zhiliang (Ian) Zhou, who will remain
with the Company in an advisory capacity while pursuing other
career opportunities.
Scott Hsu, who joined Armlogi as the accounting
lead in July 2024, brings financial management expertise from the
manufacturing and wholesale sectors. Previously, Mr. Hsu served as
North America Controller at PARPRO Technologies Inc., managing
finance teams across the U.S. and Mexico and ensuring compliance
with U.S. GAAP and international standards. His previous experience
also includes roles at Absen Inc. and BENQ Latin America Corp.,
where he improved financial processes and systems. Mr. Hsu is a
Certified Public Accountant (CPA) and Certified Management
Accountant (CMA), holding a Master of Science in Finance from Johns
Hopkins University.
Ian Zhou has served as Armlogi’s Chief Financial
Officer since August 2023. Mr. Zhou has over 10 years of experience
in the capital markets and financial industry, with a track record
of success in leading and executing complex financial transactions.
He has made significant contributions to Armlogi, leading the
Company through its successful initial public offering in 2024 and
in its recent financings, including $21 million in convertible
promissory notes and a $50 million standby equity purchase
agreement. His strategic insight and financial acumen have been
pivotal in positioning Armlogi for sustained growth and
profitability.
Aidy Chou, Chairman and Chief Executive Officer
of Armlogi, commented, “We are immensely grateful to Ian for his
financial leadership and strategic vision, which have strengthened
Armlogi’s financial foundation and contributed significantly to our
market achievements. As we welcome Scott into his new role, we are
confident that his extensive experience and strategic approach to
financial management will continue to drive Armlogi’s success in
the logistics industry.”
Ian Zhou commented, “I am grateful for the
opportunity to have led Armlogi’s financial operations and to have
guided our team through significant milestones, including our
initial public offering. I am excited to continue supporting the
Company in a new capacity and am confident in its future success
under Scott’s financial stewardship.”
Scott Hsu commented on his new role, saying, “I
am thrilled to step into the role of CFO at such a pivotal time for
Armlogi. I look forward to building on the strong foundation laid
by Ian and the team, driving forward our financial strategies to
support Armlogi’s growth and operational excellence.”
About Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a
fast-growing U.S.-based warehousing and logistics service provider
that offers a comprehensive package of supply-chain solutions
relating to warehouse management and order fulfillment. The Company
caters to cross-border e-commerce merchants looking to establish
overseas warehouses in the U.S. market. With eleven warehouses
covering over three and a half million square feet, the Company
offers comprehensive one-stop warehousing and logistics services.
The Company’s warehouses are equipped with facilities and
technology for handling and storing large and bulky items. For more
information, please visit www.armlogi.com.
Safe Harbor StatementThis press
release contains forward-looking statements. In addition, from time
to time, we or our representatives may make forward-looking
statements orally or in writing. We base these forward-looking
statements on our expectations and projections about future events,
which we derive from the information currently available to us.
Such forward-looking statements relate to future events or our
future performance, including: our financial performance and
projections; our growth in revenue and earnings; and our business
prospects and opportunities. You can identify forward-looking
statements by those that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. We are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions. The forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us.
Company
Contact:info@armlogi.com
Investor Relations
Contact:Matthew Abenante, IRCPresidentStrategic Investor
Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com
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