Shanda Games Limited Announces Management Changes

Shanda Games Limited

, a leading online game developer, operator, and publisher in China, today announced that Mr. Qunzhao Tan has resigned as the Company's chief executive officer and chairman of the Board of Directors.  Mr. Xiangdong Zhang, the Company's chief producer and chief operating officer, has been appointed the new chief executive officer and Mr. Tianqiao Chen, one of the Company's board members, became chairman of the Board of Directors. Mr. Qunzhao Tan will remain a member of the Company's Board of Directors. Mr. Tan said, "My time at Shanda Games has encompassed some of the most exciting and rewarding experience of my life.  I have had the privilege of working with a number of very talented and innovative people and am proud of what we have been able to achieve together.  However, in recent quarters the Company's performance has not met the expectations of our Board of Directors and our investors, and my own health conditions since last year have prevented me from devoting the same level of energy and intensity to this job as before."  Mr. Tan continued, "As CEO of the company, I am responsible