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NetEase.com Appoints New Independent Non-Executive Board Member Alice Cheng

2007-06-05 16:46 1027

BEIJING, June 5 /Xinhua-PRNewswire-FirstCall/ -- NetEase.com, Inc. (Nasdaq: NTES), one of China's leading Internet and online game services providers, today announced that its board of directors has approved the appointment of Ms. Alice Cheng to the Company's Board of Directors effective June 1, 2007. Ms. Cheng is an independent non-executive board member who will serve on the Audit Committee.

(Logo: http://www.prnasia.com/sa/200611141244.jpg )

Ms. Cheng is currently the Chief Financial Officer of BBK Electronics Corp., Ltd., a leading consumer electronics manufacturer in China. Prior to joining BBK in 2005, she was the Financial Controller for Wistron Corporation, a public Taiwanese manufacturer of information and communication products, and earlier, she served in various financial roles with international personal computer manufacturer Acer Inc. for more than ten years. Ms. Cheng began her career at an accounting firm in Taiwan which subsequently merged with KPMG. Ms. Cheng is a Certified Public Accountant in both China and Taiwan and holds an MBA from the Thunderbird School of Global Management in Arizona.

"We are delighted to welcome Ms. Cheng to our Board of Directors," said William Ding, Chief Executive Officer and Director of NetEase. "Her financial expertise and technology industry acumen are strong complements to our board and executive team, and we look forward to her immediate contributions."

Ms. Cheng's appointment fills the NetEase board seat made vacant following the resignation of Mr. Donghua Ding.

About NetEase

NetEase.com, Inc. is a leading China-based Internet technology company that pioneered the development of applications, services and other technologies for the Internet in China. NetEase's online communities and personalized premium services have established a large and stable user base for the NetEase websites which are operated by its affiliates. For the month of March 2007, the NetEase websites had more than 676 million average daily page views, making the Group one of the most popular destinations in China and on the World Wide Web. In particular, NetEase provides online game services to Internet users through the licensing or in-house development of massively multi-player online role-playing games, including Fantasy Westward Journey, Westward Journey Online II and Datang.

NetEase also offers online advertising on its websites which enables advertisers to reach its substantial user base. In addition, NetEase has paid listings on its search engine and web directory and classified ads services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. NetEase also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the Web which are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies.

Other community services which the NetEase websites offer include instant messaging, online personal ads, matchmaking, alumni clubs, personal home pages and community forums. NetEase is also the largest provider of free e-mail services in China. Furthermore, the NetEase websites provide various channels of content. NetEase aggregates news content on world events, sports, science and technology, and financial markets, as well as entertainment content such as cartoons, games, astrology and jokes, from over one hundred international and domestic content providers.

For more information, please contact:

Brandi Piacente

Investor Relations

Tel: +1-212-481-2050

Email: brandi@corp.netease.com

Grace Zhao

NetEase.com, Inc.

Tel: +86-10-8255-8208

Email: gracezhao@corp.netease.com

Source: NetEase.com, Inc.
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