Hong Kong, China - October 28, 2014, Hong Kong, China - Shanda Games Limited CEO Xiangdong Zhang has stepped down as and has been removed from the board of directors and the compensation committee and the corporate development and finance committee.
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Mr. Zhang has served as the commpany's director since December 2012 and chief executive officer since August 2012. Before that, Mr. Zhang was the company's chief producer since April 2008 and chief operating officer since September 2011.
He previously served in numerous capacities at Shanda Interactive, including senior vice president from June 2006 to April 2008, vice president from July 2005 to June 2006 and the director of its product management center from 2001 to July 2005.
Prior to joining Shanda Interactive, he served as the editor-in-chief of the game channel at China.com from 1999 to 2001.
Mr. Zhang holds a bachelor’s degree in engineering from Dalian Institute of Light Industry and an executive master of business administration degree from Fudan University.
Yingfeng Zhang has been appointed as acting CEO.
Mr. Zhang has also been appointed as a member of the Board, the Compensation Committee and the Corporate Development and Finance Committee. He joined Shanda Interactive Entertainment in 2001 and is currently a vice president of Shanda Interactive.
Mr. Zhang was the head of the legal and IP department of Shanda Interactive and in charge of screening, negotiations and licensing of online games, including Mir II. After the spinoff of Shanda Games in 2009, Mr. Zhang served as the general counsel and vice president of Shanda Interactive as well as a partner of Shanda Capital.
On behalf of Shanda Interactive, he was involved in the daily operations of various subsidiaries of Shanda Interactive including Hangzhou Bianfeng Networking Technology Co., Ltd., Haofang Co., Ltd. and Shanda Games.
Mr. Zhang also has extensive experience in capital market transactions and participated in the initial public offering of Shanda Interactive and Shanda Games, the privatization of Shanda Interactive, and the trade sale of Bianfeng and Haofang. ■