SHANGHAI, Sept. 20 /PRNewswire-Asia/ -- Shanda Interactive
Entertainment Limited (Nasdaq: SNDA) ("Shanda" or the "Company"),
today announced the appointment of Mr. John
Lee as Senior Vice President, Head of Tax.
Prior to joining Shanda, Mr. Lee was the partner in charge of
the China tax department at KPMG, where he recently retired after a
35-year career. Mr. Lee advised multinational companies on
international and Chinese tax planning strategies, corporate
restructuring, initial public offerings, and mergers and
acquisition transactions. He joined the Toronto office of KPMG in 1975 upon graduating
from the University of Manitoba. He
qualified as a Chartered Accountant in 1977 and was admitted as a
tax partner of KPMG in 1985. He transferred to Hong Kong in 1994.
Mr. Lee was a co-editor of the Asia Pacific Taxation Journal,
and has been a frequent speaker on China taxation topics at various
conferences. For the last three years, he also lectured on
International Tax Planning at Fudan University.
"We are delighted to welcome Mr. Lee to join Shanda as our
Senior Vice President, Head of Tax," commented Tianqiao Chen,
Chairman, CEO, and President of Shanda Interactive. "Mr. Lee's
extensive cross-border management expertise is important to us as
Shanda continues to expand in China and grow overseas. In addition,
his 35 years of experience in corporate strategy, M&A and
international tax issues is invaluable as Shanda continues its
transformation into a leading interactive media group."
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 continuous growth of the
Company, the success of any acquisitions or investments by the
Company or any subsidiaries, the introduction of expansion packs to
existing titles, the introduction and timing of new MMORPG game
titles and the introduction of new casual game titles, the success
of our online literature platform, the success of our online video
operations, the signing and development of successful artist for
our music business, and the success of our wireless value added
business, 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 there are
delays in the localization and/or development of the MMORPGs and
casual games to be released in 2010, the risk that such MMORPGs and
casual games are not well received by users in China, the risk that
the games fail to be commercialized or the commercialized results
fail to meet the expectations of end users, the risk that our
contract writers do not deliver appealing literature products, the
risk that our online video website fails to attract advertisers or
content providers, the risk that we fail to sign popular music
artists or fail to continue to successful promote our existing
artists, the risk that the laws and regulations in the PRC continue
to prohibit or restrict offering of wireless valued added products,
the risk that the Company fails to deliver continuous growth in
2010, and 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 Interactive Entertainment Limited
Shanda Interactive Entertainment Limited (Nasdaq: SNDA)
("Shanda") is a leading interactive entertainment media company in
China, offering a broad array of online entertainment content on an
integrated service platform to a large and diverse user base.
Shanda offers its high quality entertainment content through its
subsidiaries and affiliates, including Shanda Games, Shanda Literature, Ku6, and
various other online community and business units. The broad
variety of content ranges from massively multi-player online
role-playing games (MMORPGs) and advanced casual games, to chess
and board games, e-sports, literature, film, television, mobile
ringtones music, and video etc. By providing a centralized platform
through which Shanda can deliver its own content as well as
third-party content, Shanda allows its users to interact with
thousands of other users while enjoying some of the best
entertainment content available in China today. Shanda:
"Interaction enriches your life". For more information about
Shanda, please visit http://www.snda.com .
For more information, please contact:
Shanda Interactive Entertainment Limited
Dahlia Wei, IR Associate Director
Elyse Liao, IR Senior Manager
Phone: +86-21-5050-4740 (Shanghai)
Email: IR@snda.com
Christensen
China:
Paul Collins
Phone: +86-21-6468-0334
Email: pcollins@christensenir.com
United States:
Jerome Worley
Phone: +1-212-618-1978
Email: jworley@christensenir.com
SOURCE Shanda Interactive Entertainment Limited
Copyright . 20 PR Newswire