Sino-Global Shipping America, Ltd. (NASDAQ:SINO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 17, 2018, Mr. Ming Zhu resigned from his position as a member of the Board of Directors (the “Board”) of Sino-Global Shipping America, Ltd. (the “Company”) and from his positions on the following committees of the Board: Chairperson of the Corporate Governance Committee, a member of the Audit Committee and the Compensation Committee. Mr. Zhu’s resignation was not the result of any disagreement between the Company and him on any matter relating to the Company’s operations, policies or practices.
A copy of this report has been provided to Mr. Zhu, who has been provided with the opportunity to furnish a letter addressed to the Company stating whether he agrees with the statements made in this report, and if not, stating the respects in which he does not agree. Mr. Zhu has not delivered any such letter to the Company.
On December 20, 2018, the Board appointed Bradley Haneberg as a member of the Audit Committee to fill the vacancy left by the resignation of Mr. Zhu.
About Sino-Global Shipping America, Ltd. (NASDAQ:SINO)
Sino-Global Shipping America, Ltd. is a non-asset-based global shipping and freight logistic integrated solution provider. The Company provides solutions and value added services to its customers in the shipping and freight logistic chain sector. The Company’s segments include Shipping Agency and Ship Management Services; Shipping & Chartering Services, and Inland Transportation Management Services. The Company conducts its business primarily through its subsidiaries in China (including Hong Kong), Australia, Canada, and the United States (New York and Los Angeles). The Company provides its shipping agency services in the People’s Republic of China through Sino-Global Shipping Agency Ltd. (Sino-China), which holds the licenses and permits to operate local shipping agency services in the People’s Republic of China. The Company’s inland transportation management services are operated by its subsidiaries in China (including Hong Kong) and the United States.