VisionChina Media Announces Departure of CFO Scott Chen

VisionChina Media, a Chinese out-of-home digital television advertising network on mass transportation systems, has announced that its chief financial officer (CFO), Scott Chen, is resigning from his current role for personal reasons, effective 13 August 2010. The search for his replacement has started.

In the interim, Stanley Wang, VisionChina Media’s senior financial controller, will continue to manage the company’s daily financial operations, supported by the company’s finance team. Helen Plummer, VisionChina Media’s investor relations officer, and Colin Wang, VisionChina Media’s investor relations director, will continue to manage the company’s investor relations department. All three will report directly to Limin Li, VisionChina Media’s chairman and chief executive officer (CEO), until a new CFO is appointed.

Stanley Wang joined VisionChina Media as senior financial controller in March 2009. Prior to joining VisionChina Media, he was an audit manager at KPMG Guangzhou. He has been involved in a number of initial public offerings (IPOs) and audits of US-listed Chinese companies, and has extensive knowledge of US GAAP and accounting-related rules and regulations applicable to US-listed companies. Plummer and Colin Wang will continue to be the primary points of contact for the investment community.


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