Forgame Announces Resignation of Executive Director and Co-Founders
Publish Date:2015-03-31 source:Forgame
(Guangzhou China – March 2015) – The Board of Directors of Forgame Holdings Limited (HKEx: 00484) (“Forgame” or the “Company”) today announced that Mr. Zhuang Jieguang, Mr. Huang Weibing, and Mr. Liao Dong have resigned from all positions from the Company, effective immediately.
“Mr. Zhuang, Mr. Huang, and Mr. Liao have been instrumental to Forgame’s quick ascension to become a leader in the webgame industry in China,” said Wang Dongfeng, Chairman and CEO of Forgame. "On behalf of the Board, I sincerely thank each of them for their contributions they had made for the Company.”
“At the same time, I am excited and optimistic with the progress of Forgame’s transformation from a webgame to a mobile game company. Forgame now generates over 35% of revenues from mobile game, up from 5% in first half of 2013. The Company has streamlined the operation while maintaining the best talents to drive Forgame’s new strategic direction. We also have an exciting pipeline of casual and mid / hard-core games. These factors all point to the fact that Forgame has achieved categorical success in our first phase of transformation. We will continue to work tirelessly to become a leader in the mobile game industry.”
Forgame is a leading developer and publisher of cloud-based games in China and beyond. Established in 2009, Forgame has successfully developed and launched over 50 easy-to-access, highly engaging and popular games.
SAFE HARBOR STATEMENTS
This newsletter contains forward-looking statements. 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 certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, Forgame’s limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online/mobile game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Forgame 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.
“Mr. Zhuang, Mr. Huang, and Mr. Liao have been instrumental to Forgame’s quick ascension to become a leader in the webgame industry in China,” said Wang Dongfeng, Chairman and CEO of Forgame. "On behalf of the Board, I sincerely thank each of them for their contributions they had made for the Company.”
“At the same time, I am excited and optimistic with the progress of Forgame’s transformation from a webgame to a mobile game company. Forgame now generates over 35% of revenues from mobile game, up from 5% in first half of 2013. The Company has streamlined the operation while maintaining the best talents to drive Forgame’s new strategic direction. We also have an exciting pipeline of casual and mid / hard-core games. These factors all point to the fact that Forgame has achieved categorical success in our first phase of transformation. We will continue to work tirelessly to become a leader in the mobile game industry.”
Forgame is a leading developer and publisher of cloud-based games in China and beyond. Established in 2009, Forgame has successfully developed and launched over 50 easy-to-access, highly engaging and popular games.
—End—
SAFE HARBOR STATEMENTS
This newsletter contains forward-looking statements. 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 certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, Forgame’s limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online/mobile game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Forgame 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.