51job, Inc. Appoints New Independent Director and Regains Nasdaq Compliance
SHANGHAI, March 18, 2013
SHANGHAI, March 18, 2013 /PRNewswire/-- 51job, Inc. (Nasdaq: JOBS), a leading
provider of integrated human resource services in China, announced today that
the board of directors has appointed Mr. Li-Lan Cheng as an independent
director and a member of the audit committee.
Li-Lan Cheng is the chief operating officer of E-House (China) Holdings
Limited, a real estate services company listed on the New York Stock Exchange,
since April 2012 and served as its chief financial officer from November 2006
to April 2012. Prior to joining E-House, Mr. Cheng served from 2005 to 2006 as
the chief financial officer of SouFun Holdings Limited, a leading real estate
Internet portal and a leading home furnishing website in China. From 2002 to
2004, Mr. Cheng served as an executive director and the chief financial
officer of SOHO China Limited, a real estate developer in Beijing. From 1997
to 2002, he was an assistant director and the head of Asian transportation
sector investment banking group of ABN AMRO Asia. Mr. Cheng is also an
independent director of Country Style Cooking Restaurant Chain Co. Ltd., a
quick service restaurant chain listed on the New York Stock Exchange, and Le
Gaga Holdings Limited, a leading greenhouse vegetable producer in China listed
on the Nasdaq Stock Market. Mr. Cheng received his Bachelors degree in
Economics from Swarthmore College and his Ph.D. degree in Economics from the
Massachusetts Institute of Technology. Mr. Cheng is a chartered financial
"We warmly welcome Li-Lan as a director. His extensive experience and
financial background will add significant value to our board," said Rick Yan,
President and Chief Executive Officer of 51job, Inc.
Pursuant to this appointment, the Company's board of directors is now
comprised of five members, a majority of whom are independent directors, and
its audit committee has three members, all of whom are independent directors.
As a result, the Company has returned to full compliance with Nasdaq listing
In addition, David K. Chao, an independent director who has been a member of
the Company's board since 2000, was elected as chairman of the board.
51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource
services in China with a strong focus on recruitment related services. Through
online recruitment services at www.51job.com and print advertisements in 51job
Weekly, 51job enables enterprises to attract, identify and recruit employees
and connects millions of job seekers with employment opportunities. 51job also
provides a number of other value-added human resource services, including
business process outsourcing, training, executive search and compensation and
benefits analysis. 51job has a call center in Wuhan and a nationwide sales
office network spanning 25 cities across China.
SOURCE 51job, Inc.
Contact: Rebecca Liu, Investor Relations,51job, Inc., +(86-21) 6879-6250,
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