Mr. John Zhao and Mr. Lin Sheng Appointed as NEDs of ChinaSoft International Ltd. (354.hk)
BEIJING, HONG KONG and NEW YORK, Aug. 4, 2011 /PRNewswire-Asia/ -- ChinaSoft International (hereinafter referred to as "ChinaSoft" or the "Company") (Stock Code: HKSE.354) announced that Mr. Zhao John Huan ("Mr. Zhao") and Mr. Lin Sheng ("Mr. Lin") were appointed as non-executive directors of the Company ("Directors") with effect from 29 July 2011.
Mr. Zhao John Huan is the founder and the chief executive officer of Hony Capital, one of the leading private equity investment companies in China, a substantial shareholder of ChinaSoft International Limited (the "Company"). Mr. Zhao also serves as a senior vice president and an executive director of the board of Legend Holdings Limited, and the controlling shareholder of Lenovo Group Limited (stock code 992) ("Lenovo"), a company listed in the main board of The Stock Exchange of Hong Kong Limited ("Stock Exchange"). Under Mr. Zhao's leadership, Hony Capital currently manages over USD 4.4 billion of assets and has invested in more than 40 companies domestically and abroad.
Mr. Zhao is deeply experienced in the management, operation and investment businesses of domestic and foreign enterprises, and has a profound and insightful view into the global market and capital market. He has participated in many international acquisitions and dealings initiated by domestic enterprises as an important part, contributing to the international development of domestic enterprises. After joining in the board of directors of ChinaSoft International, Mr. Zhao will take advantage of his rich and practical experiences in mergers and acquisitions, and development strategies of enterprises to provide valuable guidance and opinions for decision makers of the company in enterprise management, strategy formulation, mergers and acquisitions, capital operation and so on, resulting in promoting the industry integration based on ChinaSoft International. He will also offer substantial assistance in the international development strategy of the company, accelerating the company's pace of becoming a high-growth world-leading enterprise in IT service industry.
Mr. Lin Sheng, a Managing Director of Hony Capital, is mainly responsible for the medicine, medical services and telecom, media and technology industry research and investment. Mr. Lin has extensive experience in operations, product marketing and management and has extensive expertise in information technology. Before 2003, prior to joining Hony Capital, Mr. Lin was a senior officer of Lenovo, where he was responsible for the personal digital assistant product line. He was responsible for strategic planning, market positioning, product design and business line operations, had acquired rich industrial experience and gained excellent performance.
Mr. Lin has a wide range of investment practices in information products and technical services, mobile communication and traditional manufacturing industry, which perfectly match the major vertical industries covered by ChinaSoft International and major businesses of ChinaSoft International. After joining in the board of directors of ChinaSoft International, Mr. Lin will make use of the professional knowledge and investment management experience in the above fields to offer extensive suggestions for the industry expansion of the company.
The Board warmly welcomes the joining of Mr. Zhao and Mr. Lin as non-executive Directors.
About ChinaSoft International:
ChinaSoft International Limited, "CSI" (354.HK), is a global information technology service company rooted in China with end to end service capability. The major verticals we cover are: Government and Manufacturing, Finance and Banking, Telecommunications and High-Tech. The Services we offer include: IT consulting, IT technical service solution and IT outsourcing service. CSI has around 12,000 employees located worldwide, including 25 cities in China, Princeton, NJ and Seattle, WA in the US, as well as Tokyo in Japan and London in England.
SOURCE ChinaSoft International Ltd.