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RDA Microelectronics' Board Elects Shun Lam Steven Tang As The New Chairman And Appoints Shuran Wei As The New CEO And Liang Zhang As President

Stocks in this article: RDA

SHANGHAI, China, Dec. 17, 2013 (GLOBE NEWSWIRE) -- RDA Microelectronics, Inc. (Nasdaq:RDA) (" RDA Microelectronics" or the " Company"), a fabless semiconductor company that designs, develops and markets wireless systems-on-chip and radio-frequency (RF) semiconductors for cellular, connectivity and broadcast applications, today announced that its Board of Directors (the " Board") has elected Mr. Shun Lam Steven Tang as Chairman of the Board, appointed Mr. Shuran Wei as Chief Executive Officer of the Company and appointed Mr. Liang Zhang as President of the Company.

Mr. Tang succeeds Mr. Vincent Tai, who will remain as a non-executive director until the next shareholders meeting. The election of Mr. Tang as Chairman of the Board, the appointments of Mr. Wei as Chief Executive Officer and Mr. Zhang as President of the Company will take effect on December 17, 2013.

Mr. Tang said, "On behalf of the Board, I want to thank Vincent Tai for his contribution to RDA during his term as the Chairman and Chief Executive Officer. Moving forward, I will be focused on working closely with my fellow directors and our outstanding management team to continue to execute our business strategy and protect and enhance shareholders value, and I am excited by the substantial prospects in front of us after completing the announced merger with Tsinghua Unigroup."

"Liang and I are honored by the confidence that the Board of Directors have placed in us and humbly accept the Board's appointments," said Mr. Wei, Chief Executive Officer of RDA Microelectronics, "We are committed to working hard with the rest of the management team and our excellent employees and business partners to take RDA's products and technology up to the next level."

Mr. Tang has been a director of the Company since 2011 and was its senior vice president of operations from 2010 to 2012. Prior to joining our company, Mr. Tang was chief executive officer of Coolsand Technology Holdings Limited between 2008 and 2009. He also served as the non-executive chairman for Linefan Technology Holding Limited, a Hong Kong listed company, between 2008 and 2009. Mr. Tang was the president, Asia Pacific for Viasystems Group, Inc., a company listed on the New York Stock Exchange, from 1999 to 2007. From 2003 to 2005, Mr. Tang was also an independent director and the chairman of the Finance and Audit Committee of Wanji Pharmaceutical Holdings Limited, a Hong Kong listed company. He was managing director for Pace Inc. between 1995 and 1999. He received a Bachelor of Science degree in electrical and electronics engineering from Nottingham University in England and an MBA in economic forecasting from Bradford University in England.

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