HANGZHOU, China, July 10, 2018 /PRNewswire/ -- Dragon Victory International Limited ("LYL" or the "Company"), a company offering reward-based crowdfunding opportunities and quality incubation services to entrepreneurs in China, announced today that Mr. Jianju Sun, Chairman and Chief Executive Officer of the Company, has been appointed as executive president of Shandong Chamber of Commerce in Zhejiang Province ("SCCZ"). The appointment was made effective on July 4th, 2018.
SCCZ was established on November 26, 2011 with headquarters located in Zhejiang. It is a provincial-level association approved by the Shandong Provincial Government, the Zhejiang Provincial Government and has been registered by the Zhejiang Provincial Civil Affairs Department. As of December 1, 2017, SCCZ has a total of 8,791 members, and has 31 branches, including 19 industry branches, 6 local branches, and 6 members of the Shandong Chamber of Commerce outside Hangzhou. SCCZ is the first 5A-level social organization in Zhejiang Province, as well as the first organization to obtain government function transfer and purchase service qualifications, and provincial-level foreign chamber of commerce to win the honorary title of Provincial Standardization Construction Demonstration Chamber of Commerce.
Mr. Jianjun Sun, Chairman and Chief Executive Officer of Dragon Victory International Limited, commented, " It is a great honor to serve as the Executive President of the Shandong Chamber of Commerce in Zhejiang Province. I look forward to working with the dedicated and talented team at SCCZ to further develop entrepreneurial relations between our members and Zhejiang province businesses. At Dragon Victory, our platform is built on encouraging entrepreneurs to cooperate, take risks, and create new innovations. This same philosophy suits the objectives of the Chamber, as through collaboration and communication the Chamber creates value and facilitates change in Shandong and Zhejiang."
About Dragon Victory International Limited
Incorporated in 2015 and headquartered in Hangzhou, Dragon Victory International Limited ("LYL" or the "Company") offers reward-based crowdfunding opportunities in China to entrepreneurs and funding sources through a fast-growing reward-based crowdfunding platform at www.5etou.cn. 5etou is designed to enable small- and medium-sized companies, start-ups and idea generators to raise funding from participants through the Internet. The Company also provides quality business incubation services and financial services to entrepreneurs and business entities with funding needs who utilize our crowdfunding platform. More information is available at www.dvintinc.com.
This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company's registration statement and in its other filings with the Securities and Exchange Commission.
For more information, please contact:
Bo Lyu, the Board Secretary
Dragon Victory International Limited
In the United States:
Tina Xiao, President
Ascent Investor Relations LLC