NEW YORK, Feb. 14, 2020 (GLOBE NEWSWIRE) — Weyland Tech, Inc. (OTCQX: WEYL), a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce managed services, and fintech solutions, has adopted new governance policies and guidelines for social media as the company’s presence on emerging communication platforms grows.
The company’s new Social Media Committee Charter, as ratified by the company’s board of directors, establishes a Social Media Committee (SMC) which will be guided by policies and procedures designed to provide transparency and accountability. Members of the SMC will be appointed by Weyland’s board of directors nominating committee, and they will be accountable to the board of directors.
The committee will be responsible for ensuring that all of the company’s stakeholders have access to timely and accurate information about the company in compliance with Regulation FD, regardless of the communication medium. The complete details of the charter and responsibility of the SMC have been made available on the governance page in the Investors section of the company’s website.
“This new charter reflects a number of important steps we are taking to strengthen our corporate governance in response to the growth of Weyland on the global stage,” said the company’s CEO, Brent Suen. “We expect our new social media committee to play an important role as we look to leverage the power of this medium to reach and interact with a larger worldwide audience of institutional investors and family offices.”
About Weyland Tech
Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, CreateApp enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visit weyland-tech.com.
Important Cautions Regarding Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the ability of the Company to successfully implement new governance policies, the continued growth of the eCommerce segment and the ability of the Company to continue its expansion into that segment; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Brent Suen, CEO
Weyland Tech Inc.
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Ronald Both or Grant Stude
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