BEIJING, July 20 /PRNewswire-Asia/ -- KongZhong Corporation (Nasdaq: KONG),
a leading mobile Internet company in China, today announced that the Company's
Board of Directors has elected Mr. Charles Xue to the Board, effective July 20,
2009. Mr. Xue will serve as an Independent Director and on the Audit,
Compensation and Nomination Committees of the Board. Mr. Xue replaces Mr.
Xiaolong Li, who resigned from the Board on July 20, 2009 for personal reasons.
Mr. Xue will serve the remainder of Mr. Li's term, which ends in 2011.
Mr. Xue was the original founder of UT Starcom, a global leader and a
Nasdaq listed company in the manufacture, integration and support of Internet
protocol-based, end-to-end networking and telecommunications solutions, and
served as its chairman and vice chairman from 1991 to 2001. Previously, Mr.
Xue was the original founder and director of ChinaEdu Corporation, a leading
educational service provider in China and Nasdaq listed company.
Commenting on Mr. Xue's appointment, the Company's Chairman and Chief
Executive Officer, Leilei Wang, said, 'Charles' appointment is a wonderful
addition to our Board. We believe that his acute business insight will be of
great value to the Company. We look forward to working closely with him.'
In addition, Mr. Nick Yang, one of the co-founders of the Company, has
informed the Board of his decision to resign from his President and Chief
Technology Officer positions at the Company, effective July 31, 2009. Mr.
Yang will continue to serve as a non-executive Director and the Vice Chairman
of the Board.
Regarding Mr. Yang's resignation, Leilei Wang, said, 'I truly appreciate
all the contributions Nick has made to the Company since its founding and look
forward to his continued support and partnership at the board level as Vice
Chairman.'
About KongZhong
KongZhong Corporation is a leading mobile Internet company in China. The
Company delivers wireless value-added services to consumers in China through
multiple technology platforms including wireless application protocol (WAP),
multimedia messaging service (MMS), Java , short messaging service (SMS),
interactive voice response (IVR), and color ring-back tone (CRBT). The
Company operates three wireless Internet sites, Kong.net, Ko.cn and cn.NBA.com,
which enable users to access media, entertainment and community content
directly from their mobile phones.
