Simon Wong Named CEO of CDC Games
December 04 2009 - 8:30AM
Business Wire
CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA)
and a pioneer of the “free-to-play, pay for merchandise” model for
online games in China, announced today the appointment of Simon
Kwong Chi Wong as chief executive officer (CEO) of CDC Games.
As CEO, Wong replaces Peter Yip, who continues as vice chairman
of the board of directors of CDC Games. Since 2005, Wong has served
as an independent director of CDC Corporation and CDC Games boards
of directors and will continue in this capacity. Wong has more than
30 years experience in investing and assisting successful
technology companies in China.
“I have worked with Simon for many years and have found his
extensive experience in technology investment and operational
management in China invaluable assets while he served on our
board,” said Fred Wang, chairman of the board of directors of CDC
Games. “We are excited to bring his impressive expertise to the
management of CDC Games as we pursue strategic alternatives for the
company that will help position it for further growth and market
expansion. We believe he provides the critical leadership we need
to take CDC Games to the next level of its long-term growth
objectives.”
“I am honored to serve as CEO of this exciting company that we
believe is poised for growth,” said Wong. “CDC Games has exciting
games being launched, including The Lord of the Rings Online and
new locally developed games from China. I look forward to helping
CDC Games successfully launch these new games in the months ahead,
as well as execute on its strategic growth initiatives, which I
believe will strongly position the company for long-term
success.”
Previously, Wong was a director and executive vice president of
Techno-Ventures, a joint venture with Advent International and TA
Associates of the United States. Earlier, Wong served as a director
and executive vice president of Transpac Capital Ltd., one of the
oldest and largest funding partner investment firms in Asia,
managing a more than $820 million portfolio with investments in
approximately 200 companies in China, Asia and the United States.
Wong also is an Honorary Citizen of many fast growing cities in
China such as Foshan City, Jiangmen City, Nanhai City and Advisor
to the High Tech Zones of Guangdong, Chengdu and Zhuhai in China.
He holds Bachelor of Science and Master of Business Administration
degrees from the Chinese University of Hong Kong.
About CDC Games
CDC Games is a market leader in online and mobile games in China
with more than 160 million registered users. The company pioneered
the "free-to-play, pay-for-merchandise" online games model in China
with Yulgang and launched the first free-to-play, pay for
merchandise FPS (first person shooter) game in China with Special
Force. Currently, CDC Games offers six popular MMO online games in
China. For more information on CDC Games, visit:
www.cdcgames.net.
About CDC Corporation
The CDC family of companies includes CDC Software (NASDAQ: CDCS)
focused on enterprise software applications and services, CDC
Global Services focused on IT consulting services, and outsourced
R&D and application development, CDC Games focused on online
games, and China.com China.com, Inc. (HKGEM:8006) focused on
portals for the greater China markets. For more information about
CDC Corporation (NASDAQ: CHINA), please visit
www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding our beliefs about strategic growth
initiatives, our ability to successfully launch new games in the
future, and our position for long-term success, our beliefs
regarding future growth by CDC Games, our beliefs regarding the
continued service of any of our executives or directors, and other
statements that are not historical fact, the achievement of which
involve risks, uncertainties and assumptions. These statements are
based on management's current expectations and are subject to risks
and uncertainties and changes in circumstances. There are important
factors that could cause actual results to differ materially from
those anticipated in the forward-looking statements, including the
future growth of online games industry, and competitive products
and technology. Further information on risks or other factors that
could cause results to differ is detailed in filings or submissions
with the United States Securities and Exchange Commission made by
CDC Corporation in its Annual Report on Form 20-F for the year
ended December 31, 2008 filed with the Securities and Exchange
Commission on June 30, 2009. All forward-looking statements
included in this press release are based upon information available
to management as of the date of the press release, and you are
cautioned not to place undue reliance on any forward looking
statements which speak only as of the date of this press release.
The company assumes no obligation to update or alter the forward
looking statements whether as a result of new information, future
events or otherwise.
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