Xunlei Announces Appointment of Chief Financial Officer
September 14 2017 - 6:40AM
Xunlei Limited (“Xunlei” or the “Company”)
(Nasdaq:XNET), China's leading provider of acceleration
products and services, today announced the appointment of Mr. Eric
Zhou as its Chief Financial Officer (“CFO”), effective September
18, 2017. Mr. Eric Zhou will replace Mr. Tao Thomas Wu, who
tendered his resignation as the CFO for personal reasons, effective
September 18, 2017.
Mr. Chen Lei, Xunlei’s Director and Chief Executive Officer
commented, “We are pleased to welcome Mr. Eric Zhou as our new CFO.
We believe Eric’s extensive expertise in finance and global capital
markets will greatly contribute to Xunlei’s development. On behalf
of Xunlei, we appreciate Tom for his significant contribution and
dedication to the Company over the past four years as CFO. We wish
him every success for the next stage of his career.”
Mr. Zhou has twenty years of professional experience covering
corporate finance, financial planning and analysis, domestic and
international investment project due diligence, and mutual fund and
private equity investment research and management in the U.S. and
in China. Most recently, Mr. Zhou was an interim chief financial
officer at ChinaCache International Holdings Limited, a
Nasdaq-listed company. Mr. Zhou was as senior vice president of
ChinaCache from September 2015 to June 2016. From
February 2010 to December 2014, he served as the vice
president of finance and Chief Financial Officer at Sutor
Technology Group Limited. Prior to that, Mr. Zhou served in
various roles, including executive vice president and Chief
Financial Officer at Richfield Investment Ltd., equity research
analyst at Roth Capital Partners, and principal financial planner
at American Electric Power. Mr. Zhou obtained a bachelor’s
degree with honors in Petroleum Management Engineering from China
Petroleum University, and an MBA in Finance and Ph.D. in
Interdisciplinary Energy and Mineral Resources from the University
of Texas at Austin. Mr. Zhou is a Chartered Financial Analyst
(CFA).
About Xunlei
Xunlei Limited (“Xunlei”) is a leading cloud-based acceleration
technology company in China. Xunlei operates a powerful internet
platform in China based on cloud computing to provide users with
quick and easy access to digital media content through its core
products and services, Xunlei Accelerator and the cloud
acceleration subscription services. Xunlei is increasingly
extending into mobile devices in part through potentially
pre-installed acceleration products in mobile phones. Benefitting
from the large user base accumulated by Xunlei Accelerator, Xunlei
has further developed various value-added services to meet a fuller
spectrum of its users' digital media content access and consumption
needs.
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as “will,” “expects,” “believes,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates” and similar
statements. Among other things, the management’s quotations contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company’s ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company’s ability to keep up with technological developments and
users' changing demands in the internet industry; the Company’s
ability to convert its users into subscribers of its premium
services; the Company’s ability to deal with existing and potential
copyright infringement claims and other related claims; the
Company’s ability to react to the governmental actions for its
scrutiny of internet content in China and the Company’s ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
CONTACT:
IR Contact:Xunlei LimitedEmail: ir@xunlei.comTel: +86 755
26035888-8893Website: http://ir.xunlei.com
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