Tencent APPOints chief financial officer

Hong Kong May 22 2012 – Tencent Holdings Limited (“Tencent” or the “Company” SEHK 00700) a leading provider of Internet and mobile & telecommunications value-added services in China today announces the promotion of Deputy Chief Financial Officer Mr John Lo to Chief Financial Officer of the Company.

Mr Lo will continue to lead the finance and treasury functions of the Company including financial control and reporting internal control/audit financing and related activities.

Chairman of the board and CEO of Tencent Mr. Ma Huateng commented “John brings a wealth of experience to his role and has led our Company’s finance division through a period of rapid industry change and business growth. He has set a high professional standard for his team and deepened the Company’s culture of prudent financial management.”

Mr Lo joined Tencent in 2004 as Financial Controller participating in Tencent’s IPO process. He was promoted to Deputy CFO in 2008.  Prior to Tencent Mr Lo worked in PricewaterhouseCoopers as Senior Manager (audit services) in its Hong Kong Guangzhou and Shenzhen offices.  He has more than 20 years’ experience in accounting and auditing. Mr Lo is a Fellow of the CPA Australia a Fellow of the Hong Kong Institute of Certified Public Accountants and a Fellow of the Chartered Institute of Management Accountants.  He holds a Bachelor of Business (Accounting) degree from Curtin University of Technology Australia and an executive MBA degree from the Kellogg-HKUST EMBA program.