/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/
HONG KONG, Oct. 4, 2012 /CNW/ - CINS Holding Corp. ("CINS" or the "Company") is pleased to announce that it has granted incentive stock options pursuant to its Stock Option Plan to certain directors, officers, and employees, entitling them to purchase up to a total of 2,138,500 shares at a price of $0.70 per share for a period of five years.
The Company held a Board meeting on September 28, 2012 to appoint officers and elect committee members. Mr. Chung Yan Lee was appointed Chief Executive Officer, President, and Chairman of the Board. Mr. Sheng (Sam) Wang was appointed Chief Financial Officer and Corporate Secretary. Mr. George Dorin was elected Chair of Audit Committee. Mr. Stephen So was elected Chair of Governance & Compensation Committee.
About CINS Holding Corp.
CINS Holding Corp. is an emerging technology company focusing on online game software research and development. The Company carries out its business through its wholly owned subsidiary Dongguan CINS Technology Co., Ltd. in China in order to exploit the immense potential of the online game market in China.
CINS Holding Corp. currently has 21,387,083 common shares issued and outstanding.
On behalf of the Board of Directors
CINS Holding Corp.
Chief Financial Officer and Director
WARNING: This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: CINS Holding Corp.
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