Hailiang Education Announces Appointment of Mr. Jianguo Yu as Chief Financial Officer
HANGZHOU, China: Hailiang Education Group Inc. (NASDAQ: HLG) ("Hailiang Education" or the "Company"), a provider of private primary and high school educational services in China, today announced the appointment of Mr. Jianguo Yu as its new Chief Financial Officer (CFO), succeeding Mr. Hancheng Lee, effective November 3, 2017.
Mr. Jianguo Yu, who is a licensed California Certified Public Accountant and a Certified International Certified Internal Auditor, has over 20 years of successful track record in audit and management in the U.S., and is especially proficient in Generally Accepted Accounting Principles (GAAP). He has previously successively served at Sunrider Corporation as a senior auditor, served PricewaterhouseCoopers as a senior auditor as well as served Warner Bros. Records Inc. as a corporate accountant. His rich practical experience will greatly improve the Company's financial management and internal control, and establish a better relationship with investors and partners aboard.
Mr. Ming Wang, Chairman and Chief Executive Officer of Hailiang Education, commented, "On behalf of the entire company and our Board of Directors, we thank Hancheng for his valuable service. He has been a valuable member of the management team and has made a huge contribution to the success of our business. I believe he will be a great help in assisting the new CFO and make more contribution by working in our finance department in the future."
Mr. Jianguo Yu, the onboarding Chief Financial Officer of Hailiang Education, continued, "I am very excited to lead the finance department at Hailiang Education. I am very familiar with the Company and very supportive of its strategic development plans. With the fast expansion of Hailiang Education, the finance department plays a critical role in the bigger and stronger Hailiang Education and I am ready to bring the financial discipline and leadership necessary to deliver the growth our employees and shareholders expect."