CTRP » Topics » OTHER DEVELOPMENT

This excerpt taken from the CTRP 6-K filed Aug 8, 2005.

OTHER DEVELOPMENT

 

Separately, Ctrip announced its President & Chief Financial Officer, Mr. Neil Shen has indicated his intention to resign from his executive positions at the company to pursue interests in venture capital business. Mr. Shen will focus on investment opportunities in China working with Sequoia Capital. To ensure a smooth transition, Mr. Shen has committed to remaining in his current position for a three-month period until a suitable successor is appointed.

 

“Neil has been instrumental in the success of our company in the past six years taking an entrepreneurial idea of a young start-up to a NASDAQ-listed public company. We thank him for his tremendous leadership and dedication to the company. We respect his decision to move on and pursue a new opportunity, and wish him all the best in this new endeavor. We look forward to his continued service as a member of our Board of Directors.” said James Liang, Chairman and Chief Executive Officer of Ctrip.

 

“It has been a great honor for me to be a member of the founding and management team of Ctrip since 1999 and to witness Ctrip’s tremendous growth within a short span of a few years. It was a very difficult decision for me, both personally and professionally, to leave the executive posts of a great company like Ctrip. But I am very pleased that the helm of the company has been and will continue to be in the hands of a superb management team led by


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James. I believe Ctrip will continue to deliver excellent returns for its shareholders while reaching new heights in the travel industry in China.” Said Neil Shen, President and Chief Financial Officer of Ctrip.

 

James Liang continued, “We are fortunate to have a strong finance team in place to ensure an orderly transition while we search for a new CFO.” A search to fill Ctrip’s Chief Financial Officer position will begin immediately and will include both internal and external candidates.

 

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