NEW YORK, April 1, 2016 /PRNewswire/ -- Global Sources'
board of directors announced today that Mr. Roderick Chalmers and Mr. Peter Yam have retired as directors of Global
Sources Ltd. (NASDAQ: GSOL), with effect from March 31, 2016.
Global Sources' executive chairman, Merle A. Hinrich, said: "Roderick Chalmers has served as a director since
2000 and his deep financial expertise has been invaluable to the
board as well as to the audit committee of which he was the
chairman. Peter Yam first joined the
board in 2011, and his wealth of knowledge, experience and insights
in relation to doing business and operating in China have greatly benefited the Company. On
behalf of our board of directors, I wish to extend our sincerest
gratitude to both Roderick and Peter for their significant
contributions to the Company over the past years. We wish them the
very best."
In their communications with the board, Mr. Chalmers and Mr. Yam
stated their resignations are for personal retirement reasons and
not due to any disagreements or company-related issues. At the
present time, the Company does not intend to replace Mr.
Chalmers and Mr. Yam and expects to maintain a board count of
five members going forward.
About Global Sources
Global Sources is a leading business-to-business media company
and a primary facilitator of trade with Greater China.
The core business facilitates trade between Asia and the world using English-language
media such as online marketplaces (GlobalSources.com), trade shows,
magazines and apps.
More than 1 million international buyers, including 95 of the
world's top 100 retailers, use these services to obtain product and
company information to help them source more profitably from
overseas supply markets. These services also provide suppliers with
integrated marketing solutions to build corporate image, generate
sales leads and win orders from buyers in more than 240 countries
and territories.
Now in its fifth decade, Global Sources has been publicly listed
on the NASDAQ since 2000.
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Press
Contact
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Investor Contact
in Asia
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Camellia
So
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Connie Lai
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Tel: (852)
2555-5021
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Tel: (852)
2555-4747
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e-mail:
GSpress@globalsources.com
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e-mail:
investor@globalsources.com
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Investor Contact
in U.S.
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Cathy
Mattison
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LHA
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Tel: (1-415)
433-3777
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e-mail:
cmattison@lhai.com
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SOURCE Global Sources