Giant Interactive Group Inc. Announces Resignation of Yuzhu Shi as CEO
SHANGHAI, April 9, 2013
SHANGHAI, April 9, 2013 /PRNewswire-FirstCall/ -- Giant Interactive Group Inc.
(NYSE: GA) ("Giant" or "the Company"), one of China's leading online game
developers and operators, announced today that Mr. Yuzhu Shi has resigned from
his office as Chief Executive Officer of the Company effective April 19, 2013.
Mr. Shi will continue to serve as the Chairman of the Board of Directors of
the Company and the Board will appoint a new CEO, accompanied with a formal
announcement to be made on April 19, 2013.
Mr. Yuzhu Shi, Giant's Chairman commented, "I am very proud of what Giant has
achieved in the past nine years since we founded the Company in 2004. From
developing the landmark free-to-play MMORPG ZT Online to being a public
company listed on the NYSE, I have always envisioned Giant becoming a mature
company with a self-sustaining culture and core values, relying on the entire
team to produce the results which we demand of ourselves. Over the past
several years we reorganized our research and development organization into
independent studios, in order to foster the cross-fertilization of ideas and
incentivize our developers to continually create innovative and commercially
successful games. Our young talents have led their teams to create
breakthrough games such as ZT Online 2 and the upcoming World of Xianxia, and
have proved that this industry truly belongs to the young. I will continue to
oversee the Company's strategic direction as Chairman of the Board, and to
provide my full support to our management team and talents as Giant strides
into the future, relying on the values we have nurtured company-wide to pave
the way for exciting opportunities ahead."
About Giant Interactive Group Inc.
Giant Interactive GroupInc. (NYSE: GA) isa leading online game developer and
operator in China, and focuses on massively multiplayer online role playing
games. Currently, Giant operates multiple games, including the ZT Online 1
Series, ZT Online 2, Giant Online, XT Online, The Golden Land, Elsword, and
Allods Online. For more information, please visit Giant Interactive Group on
the web at www.ga-me.com.
SOURCE Giant Interactive Group Inc.
Contact: Rich Chiang, IR Director, +86-21-3397-9959, firstname.lastname@example.org; or Kristie
Chen, IR Manager, +86-21-3397-9971, email@example.com; or Hon Gay Lau,
Fleishman-Hillard, +852-2530-0228, firstname.lastname@example.org
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