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Renren Inc. Announces Appointment Of Independent Director

Stocks in this article: RENN

BEIJING, June 15, 2012 /PRNewswire-Asia/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), the leading real name social networking internet platform in China, today announced the appointment of Mr. Chuanfu Wang as an independent director. 

Mr. Chuanfu Wang is the founder, Chairman and Chief Executive Officer of BYD Company Limited (1211.HK). Headquartered in Shenzhen, China, BYD is one of world's leading manufacturers for rechargeable batteries as well as handset components and assembly services. BYD entered into the automotive business in 2003 and is now ranked among the top three domestic manufacturers for passenger cars in China. Recognized as a renowned entrepreneur and technology expert, Mr. Wang was awarded Star of Asia by BusinessWeek in 2003.

Mr. Wang obtained his bachelor's degree in metallurgy physical chemistry from China's Central South University of Technology in 1987 and his master's degree in metallurgy physical chemistry from Beijing Non-Ferrous Research Institute in 1990.

Mr. Wang will replace Mr. Ruigang Li, who resigned from the Board of the Company for personal reasons. Mr. Li's decision is not the result of any dispute or disagreement with the Company or its Board on any matter relating to the Company's operations, policies or practices.

"We want to thank Mr. Ruigang Li for his valuable contribution to the Company during his service as a director of the Board," said Joseph Chen, Chairman and Chief Executive Officer. "Meanwhile, we are very excited to have Mr. Chuanfu Wang join us as an independent director. As a seasoned entrepreneur with deep technology and operational experience, Mr. Wang will provide invaluable expertise to our Board and our Company."



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