CMGE Appoints Independent Director, Changes Audit Committee Composition
China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (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. Nasdaq Marketplace Listing Rule 5615(b)(1) waives the requirement that an audit committee be comprised of all independent directors during the first year after listing.
Mr. 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