TAIPEI, Nov. 30, 2015 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM) today announced that Chairman, Mr. Mo-Na Chien retired his position from the
Company and resigned from the Company's Board of Directors. Both
the retirement and the resignation of Mr. Mo-Na Chien will be effective December 1, 2015. Mr. Mo-Na Chien has served as Chairman of the Board
and Executive Director since November
2012.
Collin Hwang, Chief Executive
Officer of the Company, stated "On behalf of the Board and the
management, I would like to thank Mo-Na for his valuable
contribution to the Company over the last three years, and wish him
every success for the future."
The Company's Board of Directors has appointed Mr. Collin Hwang, the current Chief Executive
Officer of the Company to chairman's position following the
retirement of Mr. Mo-Na Chien
effective December 1, 2015.
Board changes announced.
The Company also announced resignation of two board members, Mr.
King Wai Alfred Wong and Mr.
Dirk Chi-Ching Chen, effective
December 1, 2015.
Following the changes announced today, GigaMedia's board is
comprised of six members with more than a majority as independent
directors.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online games and cloud computing
services. GigaMedia's online games business is an innovative leader
in Asia with growing game
development, distribution and operation capabilities, as well as
platform services for games; focus is on mobile games and social
casino games. The company's cloud computing business is focused on
providing enterprises in Greater
China with critical communications services and IT solutions
that increase flexibility, efficiency and competitiveness. More
information on GigaMedia can be obtained from www.gigamedia.com
.
The statements included above and elsewhere in this press
release that are not historical in nature are "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those
contained in such forward-looking statements. Information as to
certain factors that could cause actual results to vary can be
found in GigaMedia's Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission in April 2015.
For further information contact:
Amanda Chang
Investor Relations Department
Country/City Code 8862 Tel: 2656-8080
amanda.chang@gigamedia.com.tw
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SOURCE GigaMedia Limited