Shanghai, China - April 10, 2013, Shanghai, China - Giant Interactive Group Inc., an online game developer, announces the resignation of its chief executive director Yuzhu Shi, effective April 19, 2013.
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Mr. Shi will stay on as the chairman of the board of directors. Mr. Shi serves as the Chairman and President of Science Technologies Co. Ltd. Mr. Shi is a Co-Founder at Yunfeng Capital.
Mr. Shi served as Chief Executive Officer of Stone Group Holdings Ltd., holding Company of Stone Electronic Technology Ltd from August 23, 2004 to March 1, 2007, where he oversaw its overall development and operation and focuses on healthcare products.
He founded Zhuhai Giant Hi-Tech Group Limited, or Zhuhai Giant, in 1991, and served as its President from 1992 to 1995. Mr. Shi also Co-Founded Shanghai Jiante Shengming Technology Co., Ltd. and Shanghai Jiante Bio-Technology Co., Ltd. and founded Giant Investment Co., Ltd., Ready Finance Limited, Stone Group Holdings Limited, Ready Finance Limited, Shanghai Youyuan Gardening Co., Ltd., Zhengtu Network, Zhengtu Information and Giant from 1999 to 2006.
Mr. Shi started his career in 1989 by engaging in software development, and later established Giant Group. In late 1997, he embarked on a new business venture with the development of Naobaijin, a technologically advanced healthcare product and launched another innovative healthcare product GoldPartner in 2002.
He has been Director at China Minsheng Banking Corp., Ltd. since July 16, 2006. Mr. Shi has been an Executive Director of Stone Group Holdings Ltd since August 2004. He serves as a Director for Giant Investment Co., Ltd., Ready Finance Limited and Shanghai Youyuan Gardening Co., Ltd. In 1993, he was commended as an Outstanding Scientific Entrepreneur of Guangdong Province and in 1994, he was elected as one of the China's Top 10 Reform Celebrities.
He was honored as one of the CCTV Chinese Economic Leaders and the Top 10 Chinese Financial Figures and recognized as an Outstanding Scientific Entrepreneur for Private Entities in China and received the Bauhinia Cup Awards for Outstanding Entrepreneur. ■