SHANGHAI, Sep. 23, 2009 (PRNewswire-Asia) -- Focus Media Holding Limited (Nasdaq: FMCN), China's leading multi-platform digital media company, today announced changes to its board members.
Dr. Tan Zhi (a non-independent director) and Mr. Jimmy Wei Yu (a non-independent director) resigned from the board.
The Company further announced the appointment of Mr. Alex Deyi Yang, its current acting chief financial officer, as a non-independent director to its board of directors.
"We would like to express our gratitude to Dr. Tan Zhi and Mr. Jimmy Wei Yu for their great dedication to Focus Media especially the intelligence and the experience they brought in the development of our business," said Jason Jiang, chairman and chief executive officer of Focus Media. "On behalf of the company, we wish to thank Dr. Tan and Mr. Yu for their services to the Company and to wish them well in the future."
Jason Jiang further commented, "We are also pleased to add Alex Deyi Yang to our board of directors as he has unique experiences and knowledge with regard to our company. As our general counsel since August 2004 and acting chief financial officer since January of this year, Alex has been actively involved in all of the material transactions of our company since before our initial public offering and played a very important role in the management team of our company."
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Focus Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Focus Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.
