NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) – DDC Enterprise, Ltd. (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the “Company”) announced the appointment of Malik Sadiq as Chief Operating Officer, effective immediately. Sadiq will oversee the integration and global expansion of DayDayCook’s brands, including recent acquisitions Noma Lin, Yai’s Thai, and Omsom.
“Malik joins our leadership team at a pivotal and thrilling time as we recently completed our third acquisition of Asian food brands in the U.S.,” said Norma Chu, Founder and CEO of DayDayCook. “Malik brings a wealth of experience in driving growth and operational efficiency, both organically and through mergers and acquisitions. His expertise will be invaluable as we execute our business plan and continue our journey to becoming an Asian food powerhouse.”
Sadiq boasts over 25 years of experience in the global food and beverage industry, including more than 15 years at Tyson Foods. Most recently, he served as Co-CEO and COO of LiveKindly Collective, a high-growth food company operating in 40 countries. Prior to this, he was the Senior Vice President of the International and Export divisions at Tyson Foods, where he grew revenue to $2 billion. Sadiq holds a Doctorate and Master’s in industrial engineering and a Bachelor’s in electrical engineering from the University of Arkansas, Fayetteville.
“I am thrilled to join DDC and contribute to its strategy of acquiring authentic Asian brands and scaling them for growth,” said Sadiq. “DDC’s Asian origin and heritage uniquely position it to drive this strategy. I look forward to leveraging my operating and M&A experience to advance DDC’s mission.”
About DayDayCook
Founded in 2012, DayDayCook is a leading content-driven consumer brand offering convenient ready-to-heat, ready-to-cook, and ready-to-eat Asian food products. The company emphasizes innovative and healthy meal solutions with a rapidly growing omnichannel sales network in China and the U.S., and a strong global online presence. DayDayCook builds brand recognition through culinary and lifestyle content across major social media and e-commerce platforms.
Forward-Looking Statements
This announcement contains forward-looking statements, including statements about acquisitions, anticipated revenues, and growth. These statements involve known and unknown risks and uncertainties based on the Company’s current expectations and projections about future events. Forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which it will operate. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that they will prove to be correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages them to review other factors that may affect future results in the Company’s registration statement and other filings with the SEC.
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