Hipower Refutes Bankruptcy Rumor

Hipower recently rebutted a local Chinese-language magazine report claiming the company’s CEO went missing, due to its financial crisis.

A piece published by the World LED Magazine on Dec. 6, 2014, claimed Hipower’s CEO had gone missing, spreading concerns on WeChat and the Internet.

Some Chinese LED manufacturers have shut down or their CEOs fled, causing a stir in society. Keywords such as “missing CEO” and “bankruptcy” were suddenly under the media lime light. However, false reports that emerged on the market have negatively impacted certain companies.

Below are some key points in Hipower’s statement:

Hipower received a report on World LED Magazine (issue No.161) saying Hipower’s CEO had gone missing and causing widespread concerns on WeChat and Internet.
The company claimed World LED Magazine report was untrue.
Hipower operations have been healthy and normal since its establishment 10 years ago, and the company’s CEO did not go into hiding.
The company reserve the right to take any legal action to address any harm or damage caused by the magazine report.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.