HONG KONG, Jan. 23 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation (the "Company") (OTC Bulletin Board: CDGT) announced today that it named Benedict Li as the Company's Chief Financial Officer.
Benedict Li brings the Company over seventeen years of financial experience at multinational companies mainly based in U.S. He will be responsible for managing the finance function of the company including mergers and acquisitions, financial controls, annual budgeting and financial restructurings. He will be based in the Hong Kong office.
Previously, Benedict Li was the Finance Director of a US based conglomerate, InterGen, engaging in power plant investment and operation managing the group's project in China. Prior to his service in InterGen, he assumed senior finance position in another US listed energy corporation, Mirant, managing its Asia Pacific portfolio. In addition, Benedict Li has extensive experience serving in Hong Kong listed companies as well as international banks including Citicorp International Inc. Benedict Li is a qualified Certified Accountant and Company Secretary, both in Hong Kong and in the U.K. His education includes a Master degree in E-Business from City University of Hong Kong and a MBA from University of Warwick, U.K.
"We are delighted to welcome Benedict as our new Chief Financial Officer, his rich operating experiences with the US investment community and in China will add tremendous value to our management team," said Daniel Ng, Chairman and CEO of China Digital Media Corporation. "We believe that his qualification and solid background in financial management and control will empower our growth in coming years."
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About China Digital Media Corporation
China Digital Media Corporation focuses its business in three main areas: Cable TV Operations, Programs Production and Advertising Sales.
Arcotect (GZ) Limited, a wholly owned subsidiary of CDGT in China, is the sole contractor and operator of digital television services in Nanhai, a city with 410,000 cable TV subscribers. As of today, Nanhai's cable television operation provides 148 television channels which comprises of 48 basic channels and 100 pay channels. The pay channels are categorized into various value added packages.
Guangdong M-Rider Media Company Limited, a wholly owned subsidiary of CDGT and a limited company registered in China, is an advertising sales agent, its principal operating activities are in media planning, production, distribution of advertisement through television channels and related consulting services.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
For more information, please contact:
China Digital Media Corporation
Investor Relations
Tel: +852-2390-8600
