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Sina CEO to Become Non-Independent Director for Focus Media

Beijing Times, 8/11/08

Focus Media (Nasdaq: FMCN) announced changes to its board of directors yesterday under which Sina (Nasdaq: SINA) CEO Charles Chao will no longer serve as an independent director, becoming instead a non-independent director.

The change was made mainly because transactions between Focus and Sina accounted for more than 5% of Sina's revenue for the year, meaning under Nasdaq rules Chao could no longer serve as an independent director for the company. UTStarcom (Nasdaq: UTSI) founder Wu Ying will serve as the new independent director.

Keywords: Internet video advertising online advertising mobile advertising HR wireless Charles Chao FMCN Focus Media Sina television UTSI UTStarcom Wu Ying out-of-home display


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