– CHINA, Guangzhou – China Mobile Games and Entertainment Group Limited (Nasdaq:CMGE), a leading mobile game company in China, today announced that Mr. Joel Chang has been appointed an independent director of CMGE, effective September 25, 2013. Mr. Joel Chang has also been appointed to take Mr. Hendrick Sin’s position on the audit committee of the Board. Mr. Hendrick Sin has been serving on CMGE’s audit committee since CMGE’s listing on the Nasdaq Global Market on September 25, 2012.
About Joel Chang
Mr. Joel Chang is the Managing Partner of AID Partners (“AID”) and one of its original founders. He has considerable strategic, financial and advisory experience. Prior to founding AID, he was the Chief Investment Officer at Investec Asia, a direct investment house initiated by Investec Bank (UK). Prior to that, Joel was the managing director of an investment banking unit of China Everbright Capital Ltd. Previous to that, he worked with BNP Paribas Peregrine for seven years and prior his departure, was an executive director of BNP Paribas Peregrine and the first managing director of Changjiang BNP Peregrine, one of the first Sino-foreign securities joint ventures in China. Joel also worked for Societe Generale, UOB Hong Kong and Arthur Andersen & Co. in the 1990s.
Joel was also an independent non-executive director of Kingsoft Corporation Ltd. (3888.HK) and was previously an executive director and chief financial officer of Orange Sky Golden Harvest Entertainment Holding Co. Ltd. With an in-depth knowledge of the Chinese market, Joel is also a member of the People’s Political Consultative Committee of the PRC (Beihai Guangxi). He is a certified public accountant and member of the Australian Society of Public Accountants and the Hong Kong Institute of Certified Public Accountants.
CMGE is a leading mobile game company in China with the largest market share among mobile game developers in terms of revenues in 2010, 2011 and 2012, according to Analysys International, an independent market research firm. CMGE has integrated capabilities in the development, operation, sale and distribution of mobile games in China. Its mobile handset design business complements its game development business as it pre-installs CMGE’s mobile games and game platforms in the handsets it designs, and enhances CMGE’s knowledge of user habits and preferences and industry trends. CMGE has a large and diversified portfolio of games, and it has strong game development, operation and sale and distribution capabilities in China.
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