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IR HOME > Press Room > Press Archive - 2004


SOHU Announces Appointment Of New Chief Financial Officer

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/


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