Zhaopin Limited Announces Appointment of Vice President of Offline Services
BEIJING, August 1, 2014 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China, today announced that Mr. Jeff Ge Wang, the current Vice President of SME sales and operation, has also been appointed as the Vice President of Offline Services, effective July 18, 2014. Mr. Jeff Ge Wang will be replacing Mr. Liu Zhiqiang, who resigned for personal reasons on June 30, 2014.
Mr. Jeff Ge Wang has served as the vice president of SME sales and operation since September 2013. Mr. Wang joined Zhaopin Limited in March 2011 and served various roles including the head of marketing, head of human resources, and senior director of governmental affairs, before becoming the vice president. Prior to joining Zhaopin, Mr. Wang served as a general manager at Beijing Golden Hank Information Co., Ltd., an international trade information and solutions provider in China, since May 2005. Prior to that, he served at CITIC Securities Co., Ltd., a PRC listed company and a leading full-service investment bank in China, as a director in the investment banking department, since February 1998.
"I am pleased to see Jeff assume additional new responsibilities at the Company as the new Vice President of Offline Services," commented Mr. Evan Guo, Chief Executive Officer and Director. "His experience in building sales and operations capability and extensive understanding of our business will continue to create significant value for Zhaopin." Mr. Guo added, "On behalf of the board of directors and management team, I want to express our sincere gratitude to Mr. Zhiqiang Liu. He has been a valued member of our team and we wish him success in his future endeavors."
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career-focused website in China as measured by average daily unique visitors in each month of 2013. Zhaopin is the second largest online recruitment services provider as measured by revenues in 2013. The Company's over 77 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the nine months ended March 31, 2014, approximately 11.4 million job postings were placed on Zhaopin's platform by 274,450 employers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.
Source: Zhaopin Limited