Wednesday, 27 September 2017, 16:59 HKT/SGT

Source: Zhejiang United Investment Holdings Group Limited

Change of company name reinforces business development direction and forges a new corporate image

HONG KONG, Sept 27, 2017 - (ACN Newswire) - Zhejiang United Investment Holdings Group Limited (formerly known as Fraser Holdings Limited) (stock code: 8366) has hosted a Market Opening Ceremony yesterday at The Stock Exchange of Hong Kong Limited ("HKEX") as it officially announced that the Group's Chinese name has been changed to "Zhejiang United Investment Holdings Group Limited" and its English to "Zhejiang United Investment Holdings Group Limited." More than 180 guests including Mr. Zhou Ying, Chairman and Chief Executive Officer of the Group, celebrity singer Ms. Joey Yung, Ms. Meng Ying, Executive Director of the Group and Ms. Daisy Yeung of Emperor Securities Limited attended the ceremony. The name change enhances the corporate image and positioning of the Group and more accurately reflects its strategic business plans and course of future development.

Mr. Zhou Ying, Chairman and Chief Executive Officer of Zhejiang United Investment, and celebrity singer Ms. Joey Yung host the Market Opening Ceremony at HKEX, marking the start of trading of the Group's shares on HKEX under its new names.

As at 9 a.m. yesterday (26 September 2017 (Tuesday) ), shares of the Group are traded on the HKEX under the short names Chinese "ZJ UNITED INV" and English "ZJ UNITED INV," while the stock code "8366" remains unchanged. As for the Group's website address, it has been changed to http://www.zjuv8366.com.

The Group is also honoured to have industry veteran Mr. Zhou Ying joining as an Executive Director, and Chairman and Chief Executive Officer to lead and coordinate its strategic business development projects. The appointment gives the Group added strength and a renewed drive to pursue future development and business growth. Through dynamic his leadership, profound business expertise and extensive business network, Mr. Zhou is expected to take the Group's business to attain new heights of success.

Celebrity singer Ms. Joey Yung attends the Market Open Ceremony yesterday. With a distinctively beautiful voice as well as an unswerving determination and passion in developing her singing career, Ms. Yung has been recognised as one of the top singers who has gained a widely popular fan following. Constantly striving for betterment, she has diversified her singing career and been professionally involved in different fields. As for Mr. Zhou, he is a young and competent executive who has quickly built his business empire. Ms. Yung and Mr. Zhou share a mutual appreciation and a similar fighting spirit advancing their successful careers.

Mr. Zhou founded his business after returning home from his studies abroad. He has invested in or managed various Chinese companies in businesses ranging from equity investment, assets management, film and entertainment and cultural education, accumulating extensive expertise and experience in financial investment. Since March 2014, he has been the Chairman of the Board of Zhejiang United Small and Medium Enterprises Holding Group Company Limited, which mainly provides corporate management consultancy services such as tailoring financing plans for SMEs and advising on merger and acquisition plans, corporate reorganisation, etc. Mr. Zhou also holds different positions in committees and organisations across different provinces and cities. He has earned a Master's degree from the University of Duisburg-Essen in Germany and is a qualified Engineer of European Systems Engineering.

Mr. Zhou Ying, Chairman and Chief Executive Officer of Zhejiang United Investment, said, "Taking on the new company names marks an important milestone in the Group's development history, attracting the spotlight onto its development direction and providing a fresh corporate image, thereby opening a new chapter of growth. Looking ahead, I will actively lead and coordinate the strategic business development of the Group and apply my professional knowledge and experience in construction to explore new business opportunities in order to help broaden and diversify its income streams and, in the long run, generate satisfactory returns for shareholders."

Media Enquires
Strategic Financial Relations Limited
Veron Ng Tel: + 852 2864 4831 Email: veron.ng@sprg.com.hk
Isabel Kwok Tel: + 852 2864 4824 Email: isabel.kwok@sprg.com.hk
Jacky Chiu Tel: + 852 2114 4313 Email: jacky.chiu@sprg.com.hk
Website: http://www.sprg.com.hk

Topic: Press release summary
Source: Zhejiang United Investment Holdings Group Limited
Sectors: Daily Finance, Daily News
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