TOM Group CEO in 2007 loss of nearly three hundred million resigned yesterday Tang Meijuan

Yesterday, TOM Group Limited (HK: 2383) announced that it has hired experts in the telecommunications industry to succeed Tangmei Juan Meng Yang as CEO and LS1240A datasheet and executive director.

Tangmei Juan offered to resign for personal reasons, but she will remain as non-executive directors of TOM Group. Meng Yang

good at developing telecommunications strategies

43-year-old Yang Meng, has 20 years of strategic and LS1240A price and operational management experience, particularly in the telecommunications, electronics and LS1240A suppliers and e-commerce industry to develop business development strategies and famous.

TOM Sixt, Chairman, said: "Yang Meng familiar with information technology industry knowledge, management experience, is an outstanding leader."

For the assumption of future business development, said Meng Yang, innovation and operational direction of the main considerations, "the Group will be combined with more local and international business partners, use their own portal, open platform to jointly develop and introduce all kinds of information technological applications, on the one hand provide users with comprehensive high quality service, on the other hand so that partners can benefit from the Groups large user base, but also the creation of shareholder value, achieve win-win results. "Meng Yang

also given a lot of praise former Tangmei Juan, "I am confident that Mr. Yang will be able to further develop our business, strengthen TOM industry position." Meng Yang

since February 1, 2008 joined TOM Group as Chief Operating Officer, prior to the Victoria Harbour Investment Group Limited. Victoria Harbour is a private investment holding company investing primarily in global technology and other businesses. Meng Yang worked in Sydney, Melbourne and Hong Kong for more than 6 years McKinsey, mainly for telecommunications, electronics and e-commerce industry to develop business development strategies and provide business transformation and operational management, and consultancy services. He also has a number of cross-industry leaders in the Coca-Cola and General Electric, etc., including management positions.

Move by the policy implications of results

TOM Group yesterday announced the companys 2007 performance report, in which 74% growth of traditional media, but television and entertainment segment is a loss, a substantial narrowing of 81%. Tangmei Juan explained that the company was China Mobile continued to tighten policy, and to make certain one-time impact of goodwill impairment, "Internet business, each business is still steadily. TOM Online is still short messages (SMS) and wireless audio interactive services (IVR), a leading supplier of the other wireless value-added services are still top three.

In addition, TOM Outdoor Media Groups annual revenue last year, up 13% over the previous year to 4.40 billion Hong Kong dollars, the profit margin of 3.4%, 1.7% the previous year.

TOM Group also announced the appointment of Ms. Angela Mak Group Chief Financial Officer, March 2006 Angela Mak was appointed as Executive Director of TOM Group and actively participate in the formulation and implementation of company policies. Joined TOM Group, Angela Mak, and Hutchison Whampoa Limited, Formerly, Senior Legal Adviser.