BEIJING, Dec. 30, 2014
/PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV)
("China Digital TV" or the "Company"), the leading provider of
conditional access ("CA") systems and comprehensive services to
China's expanding digital
television market, today announced the appointment of Ms. Yue Qian
as the Company's new acting chief financial officer ("CFO"),
effective January 1, 2015.
Ms. Yue has served as China Digital TV's vice president in
charge of external cooperation and investments and overseas
business development since 2008. She also oversees the Company's
Cyber Cloud subsidiary. Prior to joining China Digital TV, from
2006-2008 Ms. Yue held the role of vice president with
responsibility for new energy and education investments at Waichun
Investment Fund, a Hong Kong-based
investment fund, where she was also executive director of the
fund's Hong Kong-listed
subsidiary. Prior to that, she held the role of vice president at
Aerospace New World (China)
Technology Co., Ltd. and at Beijing Asia Pacific East Communication
Network Co., Ltd.
"We are delighted to be bringing in Yue Qian as acting CFO,"
said Dr. Lu Zengxiang, China Digital TV's acting chief executive
officer and acting chief financial officer. "She brings in-depth
knowledge of the company to the role, and her appointment will
allow me to focus solely on my duties as acting CEO at a
transformative time for China Digital TV."
Safe Harbor Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements are made under the "safe harbor"
provisions of the 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," "may," "should" and
similar expressions. Such forward-looking statements include,
without limitation, comments by management in this announcement
about trends in the CA systems, digital television, cable
television and related industries in the PRC and China Digital TV's
strategic and operational plans and future market positions. China
Digital TV may also make forward-looking statements in its periodic
reports filed with the Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about China Digital TV's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from
projections contained or implied in any forward-looking statement,
including but not limited to the following: competition in the CA
systems, digital television, cable television and related
industries in the PRC and the impact of such competition on prices,
our ability to implement our business strategies, changes in
technology, the progress of the television digitalization in the
PRC, the structure of the cable television industry or television
viewer preferences, changes in PRC laws, regulations or policies
with respect to the CA systems, digital television, cable
television and related industries, including the extent of non-PRC
companies' participation in such industries, and changes in
political, economic, legal and social conditions in the PRC,
including the government's policies with respect to economic
growth, foreign exchange and foreign investment.
Further information regarding these and other risks and
uncertainties is included in our annual report on Form 20-F and
other documents filed with the Securities and Exchange Commission.
China Digital TV does not assume any obligation to update any
forward-looking statements, which apply only as of the date of this
press release.
About China Digital TV
Founded in 2004, China Digital TV is the leading provider of CA
systems and comprehensive services to China's expanding digital television market.
CA systems enable television network operators to manage the
delivery of customized content and services to their subscribers.
China Digital TV conducts substantially all of its business through
its PRC subsidiary, Beijing Super TV Co., Ltd., and its affiliate,
Beijing Novel-Super Digital TV Technology Co., Ltd., as well as
subsidiaries of its affiliate.
For more information please visit the Investor Relations section
of China Digital TV's website at http://ir.chinadtv.cn.
For investor and media inquiries, please contact:
In China:
Nan Hao
China Digital TV
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn
Brunswick Group
Tel: +86-10-5960-8610
Email: chinadigital@brunswickgroup.com
In the U.S.:
Brunswick Group
Tel: +1-212-333-3810
Email: chinadigital@brunswickgroup.com
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SOURCE China Digital TV Holding Co., Ltd.