BEIJING, Sept. 13, 2016 /PRNewswire/ -- Cheetah Mobile
Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading
mobile internet company that provides mission critical applications
to help make the internet and mobile experience speedier, simpler,
and safer for users worldwide, today announced the appointment
of Mr. Tao Zou as a director of the Company and the
resignation of Dr. Hongjiang Zhang as a director of the
Company, due to his intended retirement, effective December 1, 2016.
Mr. Tao Zou has been appointed as a director of the Company,
replacing Dr. Zhang, effective December 1,
2016. Mr. Zou, who has worked at Kingsoft for approximately
twenty years, is currently an executive director and senior vice
president of Kingsoft Corporation Limited ("Kingsoft") as well as
the chief executive officer of Seasun Holdings Limited, a
subsidiary of Kingsoft. Mr. Zou has also been appointed as the
chief executive officer of Kingsoft, effective December 1, 2016. He graduated from Tianjin
Nankai University in 1997.
Mr. Sheng Fu, Cheetah Mobile's Chief Executive Officer,
stated, "We would like to express our appreciation and gratitude to
Dr. Zhang for his long-time support of our business, and for the
valuable contributions he has made to the Company during his
tenure. We would also like to express our warmest welcome to Mr.
Zou. We believe that Mr. Zou's knowledge and experience
in China's internet space will make him a valuable
addition to our Company."
About Cheetah Mobile Inc.
Cheetah Mobile is a leading mobile internet company. It aims to
provide the best apps for mobile users worldwide, while building a
leading global mobile ad platform for advertisers.
Cheetah Mobile had approximately 623 million global mobile
monthly active users in June 2016.
Its mission critical applications, including Clean Master, CM
Security, Battery Doctor and Duba Anti-virus, help make the
internet and mobile experience speedier, simpler, and safer for
users worldwide. The Company also provides multiple user traffic
entry points and global content promotional channels capable of
delivering targeted content to hundreds of millions of users. Its
customers include direct advertisers and mobile advertising
networks through which advertisers place their advertisements.
Safe Harbor Statements
This press release contains forward-looking statements. These
statements, including management quotes and business outlook,
constitute forward-looking statements under 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" and similar statements. Such statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in the
forward-looking statements, including but are not limited to the
following: Cheetah Mobile's growth strategies; Cheetah Mobile's
ability to retain and increase its user base and expand its product
and service offerings; Cheetah Mobile's ability to monetize its
platform; Cheetah Mobile's future business development, financial
condition and results of operations; competition with companies in
a number of industries including internet companies that provide
online marketing services and internet value-added services;
expected changes in Cheetah Mobile's revenues and certain cost or
expense items; and general economic and business condition globally
and in China. Further information
regarding these and other risks is included in Cheetah Mobile's
filings with the U.S. Securities and Exchange Commission. Cheetah
Mobile does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
Investor Relations Contact
Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Email: IR@cmcm.com
ICR, Inc.
Jessie Fan
Tel: +1 (646) 417-5395
Email: IR@cmcm.com
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SOURCE Cheetah Mobile