China Digital TV changes of directors

China Digital TV Holding Co., Ltd. (OTC: STVVY), a provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, has announced that the board of directors of the company appointed Zhenwen Liang as a Director of the company, the company said.

Liang is the company´s current CFO and joined the company in 1998 as financial controller. Liang has extensive experience in company operations and financial management. He obtained bachelor´s degree in accounting from the Central University of Finance and Economics and a master´s degree in business administration from Renmin University of China. Liang is a member of the Chinese Institute of Certified Public Accountants.

Additionally, according to the company´s the Second Amended and Restated Articles of Association, as amended, the minimum number of directors shall not be less than two. Zengxiang Lu, Songzuo Xiang, Jianyue Pan, and Michael Elyakim have resigned from their position as directors of the company, effective from March 23, 2018. Regarding the departure of the four directors, Jianhua Zhu, Chairman of the Board, commented “I appreciate their contributions and dedication to China Digital TV over the past several years.”

Founded in 2004, China Digital TV is a provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices.