Energy 1 Corp. announces a change in the composition of its board of directors


SHANGHAI, July 16, 2021 / PRNewswire / – As a global innovative technology services company, Shanghai Yicheng Culture Communication Co., Ltd. announced the acquisition of Energy 1 Corporation. (Stock exchange code: EGOC), headquartered at Nevada, United States. Shanghai Yicheng Culture Communication Co., Ltd. acquired 100% stake in the target company. Pursuant to the party’s agreement, Energy 1 Corp. held a board meeting and announced that from July 13, 2021 Since then, Mr. Liu Yicheng (originally Liu Chuanyi) has been appointed Chairman of the Board, Mr. Cao Yilin (originally Cao Zhong) and Mr. Zhang Jinyuan (originally Lianzhong) as directors. On the date of this announcement, Mr. Liu Yicheng has become the main shareholder of EGOC. This announcement will take effect from July 13, 2021.

The EGOC Board of Directors warmly welcomes Mr. Liu Yicheng, Mr. Cao Yilin and Mr. Zhang Jinyuan. Mr. Liu Yicheng, the new chairman of the board, is currently chairman of the board of Shanghai Yicheng Culture Communication Co., Ltd. and its subsidiaries. He has accumulated many years of practical experiences in various industries. The group’s business development is primarily focused on medical healthcare, innovative retailing, and scientific and technological research and development. In this resolution of the board, Mr. Liu was appointed chairman of the board with a service contract effective July 13, 2001. Mr. Liu’s presence on the board of Energy 1 Corp. would be an important step for the company.

Mr. Cao Yilin, the new board member, is an e-commerce entrepreneur born in the 80’s. He has extensive experience in new retail in the framework of innovative e-commerce. He founded Guangzhou Zhongxiang Network Technology Co., Ltd. and dreams of ensuring that countless Chinese women have successful careers and happy families, while achieving self-realization and creating social value. He established the TaoLinDi e-commerce platform in 2019, mainly selling basic necessities, cosmetics, health food and other essentials. In just two years, the platform has more than 1.6 million registered users, more than 5 million active users, nearly 800 service providers, covering more than 280 cities and regions in China. The platform’s total GMV exceeded 170 million.

“It is a great honor to join Energy 1 Corp (EGOC) as a member of the board of directors. I appreciate the exceptional leadership and vision of Mr. Liu Yicheng. In the future, we will become a family. The TaoLindi platform will be fully merged to Shanghai e-Cheng Culture Communication Co., Ltd. by integrating businesses from both sides, in order to be inclusive and innovative. I look forward to working and growing together, and most importantly to contribute to the development of the company, ”said Mr. Cao Yilin, executive chairman of smart retail of Guangzhou Zhongxiang Network Technology Co.

“I am extremely grateful for the full support from various social actors. As the outgoing chairman of EGOC’s board of directors, the change of the board of directors and the addition of distinguished persons will inject enormous resources and vitality into EGOC and Shanghai Yicheng Culture Communication Co., Ltd., as well as ‘excellent experience in corporate governance. Their successful experiences will accelerate our growth and lead to the development of the company. The linking and integration of the two companies will take Shanghai e-Cheng Culture Communication Co., Ltd. at a higher level. I look forward to working with them to continue leading the platform’s new journey in innovative ways in the future, ”said Mr. Liu Yicheng, the new chairman of EGOC’s board of directors responded to the question. EGOC advice.

In addition to the changes in the composition of EGOC’s board of directors, there are changes in senior management corresponding to strategic adjustments. M / s. Gu Juan, the former senior manager of Shanghai Yicheng Culture Communication Co., Ltd., was appointed secretary of the board of directors; Mr. Liu Chuangong (originally Liu tao) as the group’s chief financial officer, and Sun Peng as group marketing director.

Until now, Shanghai e-Cheng Cultural Communication Co., Ltd. has entered a new phase in the US capital market. As a comprehensive cross-industry group integrating the healthcare industry, smart retail industry and biotechnology, Shanghai e-Cheng Cultural Communication Co., Ltd. will expand its global business. In addition, we will continue to provide better services to users and create greater value for users, as well as provide a concept of good life and service to give back to the community.

Forward-looking statement

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SOURCE Energy 1 Corp.

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