BEIJING, CHINA, March 8, 2004 - SOHU.com (NASDAQ: SOHU),
China's leading online media, communications, commerce and mobile value-added
services company, announced today the appointment of Carol Yu as Chief Financial
Officer, succeeding Derek Palaschuk. Ms. Yu's appointment will be effective
starting March 8, 2004.
Ms. Yu, a Hong Kong Certified Public Accountant, worked with Arthur Andersen
Hong Kong and Beijing for 10 years and was a partner of the Audit Division,
stationed in the Beijing office. She held the position of General Manager of
Arthur Andersen-Hua Qiang, the joint venture accounting firm formed between
Arthur Andersen and the Ministry of Finance in China. Ms. Yu also served as
Senior Vice-President Investment Banking with Donaldson Lufkin & Jenrette
Securities Corporation in Hong Kong.
“Derek has made significant contributions to SOHU in the past three and one
half years. On behalf of our management team and Board of Directors, I want to
thank Derek for his leadership and dedication to SOHU. We are pleased to have
found in Carol Yu a worthy successor and welcome her to the executive team,”
Charles Zhang, Chairman and CEO of SOHU, said.
Safe Harbor Statement This company's announcement
contains forward-looking statements. It is currently expected the Business
Outlook will not be updated until the release of SOHU's next quarterly earnings
announcement; however, SOHU reserves the right to update its Business Outlook at
any time for any reason. We may also make written or oral forward-looking
statements in our periodic reports to the Securities and Exchange Commission on
Forms 10-K, 10-Q, 8-K, etc., in our annual report to shareholders, in our proxy
statements, in press releases and other written materials and in oral statements
made by our officers, directors or employees to third parties. Statements that
are not historical facts, including statements about our beliefs and
expectations, are forward-looking statements. These statements are based on
current plans, estimates and projections, and therefore you should not place
undue reliance on them.
Forward-looking statements involve inherent risks and uncertainties. We
caution you that a number of important factors could cause actual results to
differ materially from those contained in any forward-looking statement.
Potential risks and uncertainties include, but are not limited to, SOHU's
historical and possible future losses, limited operating history, uncertain
regulatory landscape in the People's Republic of China, fluctuations in
quarterly operating results, and the company's reliance on online advertising
sales, e-subscriptions (most of which are collected from a few mobile telecom
operators) and e-commerce for its revenues. Further information regarding these
and other risks is included in SOHU's Annual Report on Form 10K for the year
ended December 31, 2002, Quarterly Report on Form 10Q for the quarter ended
September 30, 2003 and other filings with the Securities and Exchange
Commission.
About SOHU.com SOHU.com is the leading Internet portal in
Mainland China with current daily page views exceeding 12 million. It provides
navigation/search, news, sports, business and finance, real estate channel,
entertainment, chat, email and e-commerce activities for a solid and wide base
of visitors. Dr. Charles Zhang founded SOHU.com in 1997. Its investors include
Intel, Dow Jones, IDG, the Morningside China Group, PCCW, Legend and Hikari. Its
content partners include CNET, DOW Jones and dozens of local media organizations
in China.
For further information: Dahlia Wei SOHU Investor
Relations and Communications Tel: +86 10 6272 6598 E-mail:
ir@sohu-inc.com
http://www.sohu.com/about/English/ |