Friday, July 27, 2018 3:09:11 PM
WUHAN, China, July 27, 2018 /PRNewswire/ -- SSLJ.com Limited (the "Company" or "SSLJ") (NASDAQ: SSLJ), a vertically integrated online-to-offline ("O2O") home improvement service and product provider in the People's Republic of China ("PRC"), today released a statement to address its recent stock volatility.
The statement provided by the Company is as follows:
Leju Fortune, a peer to peer lending company controlled by Mr. Wei Zheng, the former CEO and Chairman of SSLJ, recently discontinued its operation and has received negative media coverage, which may have caused recent volatility in SSLJ's stock price.
SSLJ and Leju Fortune are two separate legal entities with distinct businesses and operations. The potential liquidation of Leju Fortune is expected to have no direct impact on SSLJ's operations and financial results.
Mr. Wei Zheng also has resigned from all of his positions at SSLJ.com Limited as previously disclosed on a press release as well as SEC fillings on July 12, 2018 at https://www.sec.gov/Archives/edgar/data/1709563/000149315218009932/form6-k.htm.
SSLJ.com Limited is seeking new and qualified management members and will publicly disclose relevant information either through press release or SEC fillings.
About SSLJ.com Limited
SSLJ.com Limited is a pioneer in the vertically integrated O2O home decoration service and product market with one of the largest market shares in China. The Company provides clients with a convenient, full-service, one-stop solution for its homes' interior decoration and improvement needs by offering consulting, design, construction, and furnishing services as well as modern, high-quality and high-tech products. The Company has 9 branch companies and 12 sales offices in 10 cities, which are Beijing, Shanghai, Shenzhen, Wuhan, Suzhou, Hefei, Zhengzhou, Tianjin, Chengdu, Xi'an. For more information, please visit www.sslj.com.
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