Energy 1 Corp. announced the new company name and proposed the appointment of a new director


SHANGHAI, December 10, 2021 / PRNewswire / – By unanimous resolution of all of the officers of the Board of Energy 1 Corp., the name “Energy 1 Corp.” agreed to be renamed “China Yicheng technology Corp. ”, While the stock code is changed from EGOC to ECEN. The Financial Sector Regulatory Authority (FINRA) will soon complete the review of the application documents. Looking ahead, Energy 1 Corp is about to usher in a new name. The change in the company’s name not only marks the next step in the listing process, but also a leap into a larger international market, which is in fact more in line with the general interests of the company’s shareholders. This move would undoubtedly expose more potential investment opportunities to global investors and help their companies build brand confidence for more promising prospects by promoting high quality products to customers.

In addition, EGOC’s Board of Directors proposed to add a new Director, Mr. Zhang Guoqiang, to the existing Board of Directors. The proposed appointment will take effect upon completion of FINRA’s request for the change of name and symbol of the company, and is subject to the approval of the Board of Directors. Due to Mr. Zhang Guoqiang’s outstanding personal strength, serving as a director of the board of directors of the company will in good faith bring positive impacts to the company:

  1. The proposed appointment takes as a starting point the interests of all the shareholders of the company, which aim to refine the management of the company, and its arrangement for the articles of incorporation, to better serve all the shareholders and to make a more strategic plan. reasonable for the future development of the company;
  2. The proposed new board member Mr. Zhang Guoqiang has brought excellent resources to the company in many aspects, such as the introduction of new business models and marketing resources for the retail operations. existing innovative business and the newly added new agricultural business. It should bring continuous marketing resources to the industrial model of the company; fully support the development and growth of the various activities of the company; last but not least, proactively and continuously generate the maximum benefits for all shareholders and clients.

As of the date of this announcement, Mr. Zhang Guoqiang has never had any relationship with the controlling shareholders of the company, the actual controllers, the shareholders holding more than 5% of the shares of the company, the directors, the supervisors and others. senior executives ; he has also never held a position in a public limited company listed on the securities markets of Hong Kong or abroad in the past three years; nor be punished by the United States Securities Regulatory Commission, other competent authorities or the stock exchange. Its qualifications are in accordance with laws and regulations such as “Company Law” and “Articles of Incorporation”.

To increase the company’s profits and broaden its income base, the group company has actively explored and explored industrial opportunities. Given the consistency between New Modern Agriculture and the Group’s fundamental development values, the Board of Directors considers that the arrival of new directors can generate stronger synergies likely to foster a dynamic of sustainable commercial growth for the Group. business ; future industrial development plan; and establish a solid foundation for improving the growth of the value of the company.

Forward-looking statement

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SOURCE Shanghai Yicheng Culture


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