ATLANTA, Might 4, 2021 /PRNewswire/ — UC Asset (OTCQX: UCASU), an Atlanta-based actual property funding agency, points the beneath assertion at this time:
“Now we have learnt that the Weibo account belonging to our founder, Larry Xianghong Wu, which has almost 300,000 followers, was banned for 90 days until July 25, underneath the intervene of Chinese language authorities regulators. Based on Weibo’s employees, the ban was triggered as a result of Mr. Wu’s account ‘repeatedly made feedback in violation of Chinese language legal guidelines and rules.’ Weibo’s employees didn’t level out which legal guidelines or rules Mr. Wu’s feedback violated. Weibo additionally didn’t element which of Mr. Wu’s feedback have been liable for stated violations.
“We hereby affirm the next info: 1) The account in query belongs to Mr. Wu personally. It has by no means been the property of our firm, and has by no means been utilized by UC Asset for enterprise functions. What Mr. Wu says or has stated on his private account doesn’t mirror the corporate’s official stance, nor have his feedback had any previous or current affect on the corporate’s enterprise operations. 2) All the firm’s each day operations are carried out in the US and topic to the jurisdiction of the US. So far as we will see, no a part of our enterprise has been or will probably be influenced by the Chinese language authorities’s resolution on our founder’s particular person opinion.
“We imagine China is dedicated to the rule of legislation and Mr. Wu will deal with his private points as a law-abiding citizen.”
Larry Wu, the founding father of UC Asset, points the next assertion:
“As a involved Chinese language citizen, a patriot, a former coverage guide to the Chinese language central authorities, and a former diplomat who labored on the Chinese language Embassy within the USA between 2000-2004, I’m deeply disillusioned with the present scenario in China, with respect to the liberty of speech which is a constitutional proper of any Chinese language citizen.
“Previously a long time as a public opinion chief in China, I’ve been strongly important on many insurance policies by the Chinese language authorities whereas supporting many different insurance policies. Whether or not being important or supportive, I’ve strived to be constructive. I’ve by no means challenged the legitimacy of our authorities or the sovereign of our nation, which I fought to guard in my earlier profession. I’ve by no means expressed any opinions which might be knowingly in violation of the legal guidelines of China.
“I now have nice concern about public coverage discussions in China, which is getting increasingly illiberal to the extent that phrases by individuals like me are thought of threats by these operating the present censorship system. Such a poisonous surroundings of coverage dialogue will unlikely produce efficient insurance policies for the pursuits of Chinese language individuals.
“I’ll indefinitely stop the general public dialogue of polices in China, even after the ban on my social media account will probably be lifted, since I imagine that I can now not carry any constructive adjustments to China’s coverage dialogue underneath the present circumstance.”
About UC Asset:
UC Asset LP is a restricted partnership shaped for the aim of investing in actual property with value-added methods, concentrating in metropolitan areas of Atlanta, GA. For extra details about UC Asset, please go to: www.ucasset.com
This Information Launch incorporates forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements contain identified and unknown dangers, uncertainties and different necessary elements that might trigger our precise outcomes, efficiency or achievements, or trade outcomes, to vary materially from any these statements. You might be cautioned to not place undue reliance on any these forward-looking statements. Besides as in any other case required by the federal securities legal guidelines, we undertake no obligation to publicly replace or revise any forward-looking statements after the date of this Information Launch. None of such forward-looking statements ought to be considered a illustration by us or another individual that the goals and plans set forth on this Information Launch will probably be achieved or be executed.
For Extra Info Contact:
Christal Jordan | Investor Relations Director, UC Asset LP
[email protected] | 678-499-0297
SOURCE UC Asset LP
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