China Digital TV Announces Annual General Meeting Results
BEIJING, May 23, 2011 /PRNewswire-Asia/ -- China Digital TV Holding Co. Ltd. (NYSE: STV) ("China Digital TV" or "the Company"), the leading provider of conditional access ("CA") systems to China's expanding digital television market, announced the results of the Company's annual general meeting of shareholders held in Beijing today.
At the meeting, shareholders approved the re-election of Mr. Jianhua Zhu and Dr. Zengxiang Lu, each to serve on the board of directors for a further three-year term.
"I am very proud and happy to be re-elected to the Board, and I am also very pleased that Dr. Lu will continue to serve on the Board as well," said Mr. Jianhua Zhu, China Digital TV's Chief Executive Officer. "As the founders of China Digital TV, we look forward to contributing to the Company's growth and prosperity and to helping the Company achieve even greater success in the future."
For more detailed information regarding the shareholder resolution adopted at the Company's annual general meeting of shareholders, please review the Notice of the Annual General Meeting of shareholders at http://ir.chinadtv.cn.
Safe Harbor Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation and comments by management in this announcement about trends in the CA systems, digital television, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the CA systems, digital television, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the CA systems, digital television, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment.
Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the U.S. Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release.
About China Digital TV
Founded in 2004, China Digital TV is the leading provider of CA systems to China's expanding digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers. China Digital TV conducts substantially all of its business through its PRC subsidiary, Beijing Super TV Co. Ltd., and its affiliate, Beijing Novel-Super Digital TV Technology Co. Ltd., as well as subsidiaries of its affiliate.
For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn .
Senior Supervisor of Investor Relations
Tel: +86-10-6297-1199 x 9780
SOURCE China Digital TV Holding Co., Ltd.