Stock Update (NASDAQ:DSKY): iDreamSky Technology Ltd (ADR) Announces Appointment of New Chief Financial Officer

iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY), China’s leading independent mobile game publishing platform, today announced that Mr. Jun Zou has resigned from his position as the Chief Financial Officer of the Company for personal reasons, effective January 31, 2016 and will continue as a consultant to the Company. Mr. Kevin Junwen Lei is appointed as the new Chief Financial Officer of the Company.

Mr. Kevin Junwen Lei has served as vice president of the Company since November 2013, responsible for equity investments. Prior to joining us, from January 2011 toOctober 2013, Mr. Lei served as chief financial officer of XDK Group Limited, a fiber communication solution provider in China. From June 2010 to October 2013, Mr. Lei served as senior manager and later as an advisor of Vermilion Partners Limited, a cross-border investment bank headquartered in London. From 2006 to May 2011, Mr. Lei served as an auditor at KPMG China. From 2005 to 2006, Mr. Lei worked in finance for ZMMC, a Fortune 500 company in China focusing on metal trading. Mr. Lei is a member of CICPA (The Chinese Institute of Certified Public Accountants), and he received a bachelor’s degree in Accounting from Zhejiang University in China.

Mr. Michael Xiangyu Chen, Chairman and Chief Executive Officer of the Company, stated, “We greatly appreciate the contributions Jun made during his tenure at the Company. Jun has been an important member of our management team and has played a key role in ensuring the Company’s steadfast growth. We respect his decision and wish him the very best with his future endeavors.”

“We are pleased to welcome Kevin as the new Chief Financial Officer. Kevin brings with him strong financial background as well as outstanding professional credentials. His depth of financial, accounting and managerial experience will be invaluable to our Company,” said Mr. Chen. (Original Source)

Shares of iDreamSky Technology closed yesterday at $13.11. DSKY has a 1-year high of $15.15 and a 1-year low of $6.64. The stock’s 50-day moving average is $13.07 and its 200-day moving average is $11.93.

iDreamSky Technology Ltd through its subsidiaries is engaged in the licensing and operating of single player mobile games and mobile online games in the People’s Republic of China.


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