By Ray Pride Pride@moviecitynews.com
Bona Film Group Appoints News Corporation Executive Dr. Jack Q. Gao to Board of Directors
BEIJING, Aug. 23, 2012 — Bona Film Group Limited
(“Bona” or the “Company”) (Nasdaq:BONA), a leading film distributor and
vertically integrated film company in China, today announced the
appointment of Dr. Jack Q. Gao, Senior Vice President of News
Corporation and Chief Executive Officer of News Corporation’s China
Investments, to its Board of Directors, which will be effective
September 10, 2012. Dr. Gao will replace Ms. Nansun Shi, who will
resign from the Company’s Board to pursue other interests but will
continue to serve in an advisory role and on the investment committee
of the Company.
“As head of News Corporation’s investments in China, Jack played an
important role in their recent strategic investment in Bona, and we are
pleased that he has agreed to take a more active role in the Company by
joining our Board. He has a wealth of China and international
experience with global leaders in media and entertainment and a range
of other industries, and his appointment will significantly strengthen
our Board of Directors. We welcome Jack to Bona and look forward to his
contributions to our strategy, direction and future success. Lastly, I
would like to thank Ms. Nansun for her service. We are looking forward
to working with her in her new role,” said Bona Founder, Chairman and
CEO Yu Dong.
Dr. Gao has over 20 years of executive experience in software, media &
entertainment and venture capital. He currently serves as Senior Vice
President of News Corporation, CEO of News Corporation China
Investments and Chief Representative of News Corporation Beijing
Representative Office. Prior to joining News Corporation in 2006, Dr.
Gao was Corporate Vice President and President of Emerging Markets at
Autodesk, where he oversaw the Company’s emerging markets business with
a focus on Greater China and India. Previously, he was President and
General Manager of Microsoft (China) Ltd. Co., where he was responsible
for operations, sales and marketing, government relations and business
developments. Additionally, he has been a General Partner at Walden
International, a $1 billion venture capital fund and Asia Business
Manager at MSC Software. Dr. Gao holds a PhD, Master and B.S in
Engineering from Harbin Institute of Technology and University of
California, Los Angeles.
Dr. Gao said, “I am honored to join Bona’s Board of Directors at this
important stage in the Company’s development. Bona’s vertically
integrated business model has produced a number of advantages over
other Chinese film distributors, and has the Company well positioned as
a leader in China’s fast-growing film industry. I am excited to be
working more closely with Bona’s talented executive team, and look
forward to helping the Company realize its tremendous growth potential
as we move along the path to success.”
About Bona Film Group Limited
Bona Film Group Limited (Nasdaq:BONA) is a leading film distributor in
China, with an integrated business model encompassing film
distribution, film production, film exhibition and talent
representation. Bona distributes films to Greater China, Korea,
Southeast Asia, the United States and Europe, invests and produces
movies in a variety of genres, owns and operates 14 movie theaters and
manages a range of talented and popular Chinese artists.
For more information about Bona, please visit http://www.bonafilm.cn.
Forward Looking Statements
This news release may contain certain “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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” and similar statements. All
statements other than statements of historical fact in this press
release are forward-looking statements and involve certain risks and
uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. These forward-looking
statements are based on management’s current expectations, assumptions,
estimates and projections about the Company and the industry in which
the Company operates, but involve a number of unknown risks and
uncertainties. Further information regarding these and other risks is
included in the Company’s filings with the U.S. Securities and Exchange
Commission. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the expectations
expressed in these forward-looking statements are reasonable, it cannot
assure you that such expectations will turn out to be correct, and
actual results may differ materially from the anticipated results. You
are urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not to
place undue reliance on such forward-looking statements, which are
qualified in their entirety by these cautionary statements.
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