Shenzhen February 15 2006 – Tencent Holdings Limited ("Tencent" or the "Company" SEHK 700) a leading provider of Internet and mobile & telecommunications value-added services in China today appoints Mr. Martin Lau Chi Ping currently Chief Strategy and Investment Officer as its new President.
In addition to his current responsibilities Mr. Lau will assist Mr. Ma Hua-teng currently Chairman of the Board and Chief Executive Officer in managing the day-to-day operation of the Company while Mr. Ma will direct more attention to setting the strategic and product development direction for Tencent.
"Mr. Lau has made remarkable contributions to the business operation and management of the company in the past 12 months.He is a great member of our management team.With the assistance of him and the rest of the management team I can spend more time on setting strategies and developing new products that will help us better serve our users and capture the exciting growth opportunities in the market" Mr. Ma said.
Mr. Lau joined the Company in February 2005 and is responsible for corporate strategies investment merger and acquisitions and investor relations.Prior to joining the Company Mr. Lau was an Executive Director at Goldman Sachs (Asia) L.L.C's investment banking division and the Chief Operating Officer of its Telecom Media and Technology Group.Prior to that he worked at Mckinsey & Company Inc. as a management consultant. He has over 10 years' experience in IPO merger and acquisitions and management consulting.