Shanda Games Appoints New Company President and Board Member
HONG KONG, March 27, 2013
HONG KONG, March 27, 2013 /PRNewswire/ -- Shanda Games Limited (NASDAQ: GAME,
"Shanda Games" or "the Company"), a leading online game developer, operator
and publisher in China, today announced that Mr. Tunghai Chien has been
appointed as the Company's new President. Mr. Chien previously served as the
Company's Senior Vice President of Business Development.
"Mr. Chien's exceptional ability, leadership and extensive experience in
business development directly aligns with the direction Shanda Games has taken
over the past few years," commented Mr. Tianqiao Chen, Chairman of Shanda
Games' Board of Directors. "Following the Company's recent advancements in
mobile games and expansion into overseas markets, the Board believes Mr. Chien
is ideally suited to build on the future potential of the current strategy. I
look forward to continuing our work together as we implement our strategy and
grow our business over the long term."
"I am honored to have been entrusted with this opportunity to aid the Company
in further strengthening its franchises and delivering its expanding portfolio
to various new platforms and distribution channels," said Mr. Tunghai Chien,
President of Shanda Games. "The Company has undertaken numerous initiatives in
an effort to adapt to a rapidly changing environment since I first joined.
Each of these changes brings along new opportunities and challenges which we
intend to take advantage of. I look forward to working closely with the
Company's talented employees as we start 2013 on a solid footing."
Mr. Tunghai Chien joined Shanda Games in 2009 and served as the Vice President
for Business Development before being promoted to Senior Vice President in
2011. Prior to joining Shanda Games, Mr. Chien served as the head of business
development at leading Korean online game companies including CJ Internet
Holdings, Webzen Co., Ltd., Wedmade Entertainment Co., Ltd. and Actoz Soft
Co., Ltd. Mr. Chien holds a bachelor's degree in economics from National
Shinshu University in Japan.
In addition, Ms. Grace Wu, who previously served as a director of Shanda Games
since 2010, has resigned from her position due to personal reasons. Mr.
Johnson Yao, who currently serves as Vice President of Finance of Shanda
Interactive Entertainment Limited's ("Shanda Interactive"), will replace Ms.
Wu on the Company's Board of Directors.
Mr. Yao has served as Shanda Interactive's Vice President of Finance since May
2011. Mr. Yao previously served as assistant vice president of finance at
Shanda Interactive since November 2007. Mr. Yao also served as a member of the
board of directors and Chief Financial Officer of Actoz Soft Co., Ltd. from
March 2008 to March 2012 and from March 2008 to July 2011, respectively, and
served as acting Chief Finance Officer of Ku6 Media Co., Ltd. from October
2009 to September 2010. Prior to joining Shanda Interactive, Mr. Yao worked
for over 11 years at KPMG Huazhen Certified Public Accountants, building up
extensive finance and M&A expertise in a wide range of industries. Mr. Yao
graduated from the College of International Business and Management at
Shanghai University, majoring in Finance and Accounting. In addition, Mr. Yao
is a member of the Institute of Certified Public Accountants of the People's
Republic of China.
Safe Harbor Statement
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. Statements in this announcement that are not
historical facts, including but not limited to statements regarding the future
potential of the Company's mobile games business and overseas expansion,
represent only the Company's current expectations, assumptions, estimates and
projections and are forward-looking statements. These forward-looking
statements involve various risks and uncertainties. Important risks and
uncertainties that could cause the Company's actual results to be materially
different from expectations include but are not limited to the risk that the
Company's mobile game business and overseas expansion fail to meet
expectations, as well as the risks set forth in the Company's filings with the
U.S. Securities and Exchange Commission, including the Company's annual report
on Form 20-F.The Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
About Shanda Games
Shanda Games Limited (NASDAQ: GAME) is a leading online game developer,
operator and publisher in China.Shanda Games offers a diversified game
portfolio, which includes some of the most popular massively multiplayer
online role-playing games (MMORPGs) and mobile games in China and in overseas
markets, targeting a large and diverse community of users. Shanda Games
manages and operates online games that are developed in-house, co-developed
with world-leading game developers, acquired through investments or licensed
from third parties. For more information about Shanda Games, please visit
Shanda Games Limited:
Ellen Chiu, Investor Relations Director
Maggie Zhou, Investor Relations Associate Director
Phone: +86-21-5050-4740 (Shanghai)
Phone: +86-10-5826-4939 (China)
Phone: +1-480-614-3004 (U.S.A.)
SOURCE Shanda Games Limited
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