Ctrip Announces Mr. James Jianzhang Liang as Chairman and CEO of Ctrip and Mr.
Min Fan as Vice Chairman and President of Ctrip and Chairman of Ctrip Travel
SHANGHAI, Feb. 20, 2013
SHANGHAI, Feb. 20, 2013 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq:
CTRP) ("Ctrip" or the "Company"), a leading travel service provider of hotel
accommodations, airline tickets, packaged tours and corporate travel
management in China, today announced that its board of directors has appointed
Mr. James Jianzhang Liang as Chairman and CEO of the Company and Mr. Min Fan
as Vice Chairman and President of the Company and Chairman of Ctrip Travel
Holdings, Ltd., which is Ctrip's strategic investment unit, effective from
March 1, 2013.
Mr. Min Fan, said, "The travel industry in China has grown significantly in
the past decade and this growth is expected to continue in the foreseeable
future. I am confident that James will lead the Ctrip team to extend our
market leadership. I am excited about potential strategic investment
opportunities that Ctrip may explore. In my new role, I will continue to
participate in the Company's strategic direction and new business development.
I look forward to continuing to contribute to Ctrip's growth in the future."
Mr. James Jianzhang Liang, commented, "Under Mr. Fan's leadership,Ctrip has
achieved tremendous growth and continues to be a leading travel industry
player in China.On behalf of the board, we thank Min for his significant
contribution to Ctrip.The travel industry in China is dynamic and
fast-growing, and it presents us with many exciting strategic opportunities. I
am confident that Min will continue to deliver outstanding performance in his
new roles and help Ctrip capitalize on new opportunities."
This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "may," "will," "expect," "anticipate,"
"future," "intend," "plan," "believe," "estimate," "is/are likely
to,""confident" or other similar statements. Among other things, quotations
from management in this press release contain forward-looking statements.
Ctrip may also make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K,
etc., in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical facts,
including statements about Ctrip's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results to
differ materially from those contained in any forward-looking statement.
Potential risks and uncertainties include, but are not limited
to,theslow-down of economic growth in China and the global economic
downturn, general declines or disruptions in the travel industry,volatility
in the trading price of Ctrip's ADSs, Ctrip's reliance on its relationships
and contractual arrangements with travel suppliers and strategic alliances,
failure to further increase Ctrip's brand recognition to obtain new business
partners and consumers,failure to compete effectively, failure to
successfully manage current growth and potential future growth,risks
associated with any strategic investments or acquisitions, seasonality in the
travel industry inmainlandChina, Hong Kong, Macau or Taiwan, failure to
successfully develop Ctrip's corporate travel business, damage to or failure
of Ctrip's infrastructure and technology,loss of services of Ctrip's key
executives, inflation in China and in other countries, risks and uncertainties
associated withPRC laws and regulations with respect to the ownership
structure of Ctrip's affiliated Chinese entities and the contractual
arrangements among Ctrip, its affiliated Chinese entities and their
shareholders,and other risks outlined in Ctrip's filings with the U.S.
Securities and Exchange Commission. All information provided in this press
release and in the attachments is as ofthe date of the issuance, and Ctrip
does not undertake any obligation to update any forward-looking statement,
except as required under applicable law.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of hotel
accommodations, airline tickets, packaged tours, and corporate travel
management in China. Ctrip aggregates hotel and flight information to enable
business and leisure travelers to make informed and cost-effective bookings.
Ctrip also books vacation packages and guided tours. In addition, Ctrip
corporate travel management services help corporate clients effectively manage
their travel requirements. Since its inception in 1999, Ctrip has experienced
substantial growth and become one of the best-known travel brands in China.
For further information, please contact:
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 X 12928
SOURCE Ctrip.com International, Ltd.
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