– TAIWAN, Tapei – GigaMedia Limited (NASDAQ: GIGM) today announced the addition of Damian Hong to its board as an independent director.
“Damian is a well-known tax expert and highly respected business leader,” stated GigaMedia Limited Chairman of the Board Mo-Na Chien. “His strong skills, judgment, and experience leading listed companies will be great assets to us in growing GigaMedia, particularly in M&A and other strategic transactions.”
Mr. Hong has more than 37 years of experience in taxation and tax law. Damian began his career with the Inland Revenue Authority of Singapore before joining KPMG and working with the firm in various capacities, including post-retirement, for more than two decades. He was also a tax consultant to the law firm Allen & Gledhill in Singapore for 12 years.
Damian Hong currently serves as an independent director of Chailease Holding Co Ltd., ASL Marine Holdings Ltd., and Riverstone Holdings Ltd. He also serves as a director of the charities Shared Services for Charities Limited and Binjaitree, as well as a non-executive director of Prima Limited. Mr. Hong lectures on a part-time basis at the Singapore Management University.
Mr. Hong earned a bachelor’s degree in social science from the University of Singapore and attended an international tax program at Harvard Law School.
Mr. Hong replaces board director Howe Yong Lee, who resigned to pursue other interests. Following the addition of Mr. Hong announced today, GigaMedia’s board is comprised of nine members, a majority of which are independent.
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited is a diversified provider of online games and cloud computing services. GigaMedia’s online games business develops and operates a suite of games in Taiwan and Hong Kong, with a focus on Web-based/mobile games. The company’s cloud computing business is focused on providing SMEs in Greater China with critical communications services and IT solutions that increase flexibility, efficiency, and competitiveness.
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