Armlogi Holding (BTOC) Announces Management Transition

Armlogi Holding Corp. (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced a transition in its executive leadership. Sheng-Kai (Scott) Hsu has been appointed as the Chief Financial Officer of Armlogi, effective January 13, 2025, succeeding Zhiliang (Ian) Zhou, who will remain with the Company in an advisory capacity while pursuing other career opportunities.

Scott Hsu, who joined Armlogi as the accounting lead in July 2024, brings financial management expertise from the manufacturing and wholesale sectors. Previously, Mr. Hsu served as North America Controller at PARPRO Technologies Inc., managing finance teams across the U.S. and Mexico and ensuring compliance with U.S. GAAP and international standards. His previous experience also includes roles at Absen Inc. and BENQ Latin America Corp., where he improved financial processes and systems. Mr. Hsu is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA), holding a Master of Science in Finance from Johns Hopkins University.

Ian Zhou has served as Armlogi’s Chief Financial Officer since August 2023. Mr. Zhou has over 10 years of experience in the capital markets and financial industry, with a track record of success in leading and executing complex financial transactions. He has made significant contributions to Armlogi, leading the Company through its successful initial public offering in 2024 and in its recent financings, including $21 million in convertible promissory notes and a $50 million standby equity purchase agreement. His strategic insight and financial acumen have been pivotal in positioning Armlogi for sustained growth and profitability.

Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, “We are immensely grateful to Ian for his financial leadership and strategic vision, which have strengthened Armlogi’s financial foundation and contributed significantly to our market achievements. As we welcome Scott into his new role, we are confident that his extensive experience and strategic approach to financial management will continue to drive Armlogi’s success in the logistics industry.”

Ian Zhou commented, “I am grateful for the opportunity to have led Armlogi’s financial operations and to have guided our team through significant milestones, including our initial public offering. I am excited to continue supporting the Company in a new capacity and am confident in its future success under Scott’s financial stewardship.”

Scott Hsu commented on his new role, saying, “I am thrilled to step into the role of CFO at such a pivotal time for Armlogi. I look forward to building on the strong foundation laid by Ian and the team, driving forward our financial strategies to support Armlogi’s growth and operational excellence.”

You May Also Be Interested In

• Exchange Bank declares Q3 dividend, CEO to retire in 2027
• Musalem: strong growth and investment influencing bond market - CNBC
• Vishay launches thick film power resistor series with 650 W output