Breakout Coming? TD Holdings Inc (NASDAQ:GLG) Appoints New CFO

TD Holdings Inc (NASDAQ:GLG) stock is moving lower a bit in the opening session on Friday. The stock has fallen about 37% in the past 6-month.

Major Trigger:

TD Holdings, Inc. Announces Appointment of New CFO

Key Highlights:

  • announced that Mr. Tianshi (Stanley) Yang has been appointed as the successor to Ms. Wei Sun to serve as the Chief Financial Officer (“CFO”) and director of the Company’s Board of Directors, effective June 11, 2021. Ms. Wei Sun resigned from her roles in the Company on June 11, 2021.
  • Mr. Tianshi (Stanley) Yang served as the Head of Investor Relations of Aesthetic Medical International Holdings Group Ltd. (NASDAQ: AIH) from March 2020 to May 2021 and as the Financial Department Director of Meten EdtechX Education Group (NASDAQ: METX) from January 2019 to February 2020.
  • From May 2016 to October 2018, Mr. Yang served as the Investment Director of China First Capital Group, a company listed on the Hong Kong Stock Exchange (HKEx: 01269).
  • Mr. Yang has also served as a Senior Auditor at Ernst & Young from September 2011 to December 2013. Mr. Yang graduated from Tianjin University of Finance and Economics in Tianjin, China with a bachelor’s degree in Financial Engineering, and obtained a master’s degree in Finance from Brandeis University in Boston, U.S.

Key Quote:

Ms. Renmei Ouyang, Chairwoman and Chief Executive Officer of TD Holdings, commented: “On behalf of the Board and the management team, I would like to thank Ms. Wei Sun for her tremendous efforts as the Chief Financial Officer of the Company and Director of the Board. At the same time, we warmly welcome Mr. Stanley Yang to join us and are confident that his demonstrated expertise, extensive experience and deep insight in the capital markets will be invaluable to the Company.”

Market Reactions  

As of 9:47, GLG stock fell by 1.85% at $1.06. Total volume so far stood at 189K shares, compared to its average volume of 923K shares.  The stock moved within a range of $1.0400 – 1.0800 after opening at $1.05.

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