Ku6 Media Announces Resignation of Acting CEO Haifa Zhu and Appointment of CEO Yu (Jeff) Shi

Aug 02, 2011, 05:41 ET from Ku6 Media Co., Ltd.

BEIJING, Aug. 2, 2011 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., (Nasdaq: KUTV) ("Ku6" or the "Company"), a leading Internet television company in China, today announces the resignation of acting CEO Haifa Zhu and appointment of CEO Yu (Jeff) Shi, both effective on August 1, 2011. Mr. Zhu will remain a Board member of Ku6.

Bruno Wu, Chairman of the Board of Ku6, comments, "Haifa has provided valuable leadership and service to the Company. The Board would like to thank Haifa for his contributions to Ku6 and wish him well. We are also pleased to have Mr. Shi joining the Ku6 management team as CEO. We believe that Jeff's leadership will ensure a smooth transition while Ku6's continues to build ourselves into a company more focused on users' needs and driven by technology and product development."

As a professional consultant, Jeff Shi worked at Arthur Andersen and KPMG Consulting for over 6 years, then joined Juneyao Group as Deputy General Manager of strategy planning and capital markets. In 2009 Mr. Shi joined Shanda Interactive Entertainment ("Shanda") as Senior Director of Strategy and Integration. Mr. Shi holds a bachelor's degree from Shanghai Jiaotong University.

About Ku6 Media Co., Ltd.

Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading Internet television company in China. Through its two premier online brands and online video websites, www.ku6.com and www.juchang.com, Ku6 provides video information services and entertainment in China.

As a leading online video portal, www.ku6.com provides a video platform for sharing and watching user-generated content. It also provides online video reports and other interactive entertainment programs for its users. For more information about Ku6, please visit http://ir.ku6.com.  

SOURCE Ku6 Media Co., Ltd.