Sept. 19, 2011
/PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (NASDAQ: GIGM) announced today that
has resigned from the company's board of directors.
Mr. Wang intends to devote more time to his personal and charitable projects.
"On behalf of the whole board, I would like to thank
for his service to GigaMedia and for helping to facilitate the transition to new management," stated GigaMedia Chairman
. "He guided the company through periods of great change and tremendous growth and we wish him all the best."
Mr. Wang joined GigaMedia as chief executive officer in
and retired from the company in March this year, but remained as a consultant and continued to serve on the board.
Following the change announced today, GigaMedia's board is comprised of eight members with more than a majority as independent directors.
GigaMedia Limited (
registration number: 199905474H) is a major provider of online entertainment software and services. Through its subsidiaries, GigaMedia develops and operates a suite of online games in
covering the regions of
. More information on GigaMedia can be obtained from
The statements included above and elsewhere in this press release that are not historical in nature are
within the meaning of the
provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company
s current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia
s Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2011.
For further information contact:
, Investor Relations DirectorTel: +886-2-2656-8016
SOURCE GigaMedia Limited