Linktone (LTON) Announces Management and Board Changes
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Linktone Ltd. (Nasdaq: LTON) announced that Hary Tanoesoedibjo, currently Chairman of the Company's board, has also been appointed as its Chief Executive Officer and Colin Sung has been appointed as its Deputy Chief Executive Officer and Chief Financial Officer. The Company also announced the resignations of Chief Executive Officer, Michael Guangxin Li, Chief Financial Officer, Jimmy Lai, and Chief Operating Officer, Anthony Chia, effective May 31, 2009. Messrs. Li, Lai and Chia each resigned due to personal reasons and other professional commitments. In addition, Jun Wu and Michael Guangxin Li have resigned as members of the Company's board of directors due to personal reasons. Mr. Li will continue to serve as an adviser to the Company. The nominating and compensation committee of the Company's board is committed to identifying qualified individuals to replace Mr. Wu as an independent director of the board.
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