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Section 1: 8-K (CURRENT REPORT)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 27, 2020

 

SINO-GLOBAL SHIPPING AMERICA, LTD.

(Exact name of Registrant as specified in charter)

 

Virginia   001-34024   11-3588546
(State or other jurisdiction 
of Incorporation)
  (Commission File No.)   (IRS Employer 
Identification No.)

 

1044 Northern Blvd., Suite 305,

Roslyn, New York, 11576-1514

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (718) 888-1814

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

 

☐ Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, no par value   SINO   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

 

Item 8.01  Other Events

 

On April 27, 2020, the Registrant announced the appointment of Kelin Wu as the Registrant’s Chief Marketing Officer, effective May 1, 2020. A copy of the press release has been furnished as Exhibit 99.1 to this report.

 

Item 9.01  Financial Statements and Exhibits.

  

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press release dated April 27, 2020 titled “Sino-Global Appoints Mr. Kelin Wu as Chief Marketing Officer”

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: April 27, 2020

 

  SINO-GLOBAL SHIPPING AMERICA, LTD.
   
  By: /s/ Lei Cao
  Name:  Lei Cao
  Title: Chief Executive Officer

 

 

2

 

 

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Section 2: EX-99.1 (PRESS RELEASE DATED APRIL 27, 2020 TITLED "SINO-GLOBAL APPOINTS MR. KELIN WU AS CHIEF MARKETING OFFICER")

Exhibit 99.1 

 

 

 

Sino-Global Appoints Mr. Kelin Wu as Chief Marketing Officer

 

Roslyn, New York, April 27, 2020 – Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global”, the “Company” or “we”), a non-asset based global shipping and freight logistic integrated solution provider, today announced that it has appointed Mr. Kelin Wu to the newly created position of Chief Marketing Officer, where he will lead the Company’s global marketing program and strategies. He will report directly to CEO Lei Cao.

 

Mr. Wu was previously the founder and primary shareholder of Mandarine Ocean Ltd, (“Mandarine Ocean”), a Shanghai, China based shipping company registered in the Marshall Islands. Sino-Global recently signed a share purchase agreement in which the Company acquired a 75% majority position in Mandarine Ocean. Mr. Wu has extensive experience in the ocean freight services business, having served as one of the upstream clients of Sino-Global’s light-asset shipping logistic services.

 

Prior to founding Mardarine Ocean, Mr. Wu, 45, served as General Manager of Shanghai Vasteast Int’l, a ship owner and operator. Mr. Wu graduated from Shanghai Maritime University and holds a Masters degree in maritime law.

 

With the addition of Mr.Wu, Sino-Global expects to leverage its light-asset shipping service business while expanding further upstream toward the customer in the shipping logistics value chain.

 

Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, “We are very pleased that Kelin has agreed to join the Company’s senior management team as Chief Marketing Officer. He is a dynamic and deeply experienced executive whose leadership, insights, market expertise and creative approach will be invaluable as we move into this next stage of development for Sino-Global. Throughout our discussions surrounding the share purchase agreement with Mandarine Ocean, we were impressed by Kelin’s knowledge of the entire logistics and shipping freight market. All of us agreed that Sino-Global would benefit from a dedicated marketing executive that could help to elevate our brand recognition and status as an exceptional provider of logistics solutions throughout the globe.”

 

Mr. Wu stated, “I am very excited to join Sino-Global at a time where having a strong, recognizable presence in the global logistics market is critical to success. As China begins to move on from the COVID-19 pandemic, we hope to work together to establish the Company as a clear leader in the transportation and logistics industry.”

 

About Sino-Global Shipping America, Ltd.

Founded in the United States in 2001, Sino-Global Shipping America, Ltd. is a company engaged in shipping, chartering, logistics and related services. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The Company’s current service offerings consist of shipping agency services, shipping and chartering services, inland transportation management services and ship management services. Additional information about Sino-Global can be found on the Company’s corporate website at www.sino-global.net. The Company routinely posts important information on its website.

 

Forward Looking Statements

No statement made in this press release should be interpreted as an offer to purchase any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Any statements contained in this release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties as identified in Sino-Global's filings with the Securities and Exchange Commission. Actual results, events or performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as the date hereof. Sino-Global undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

Contact Information

The Equity Group Inc.

Adam Prior

Senior Vice-President

(212)-836-9606 / [email protected]

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