Television Broadcasts Limited (TVB) has appointed Chinese media mogul Li Ruigang (é»çć) as vice chairman of the board and a non-executive director of the company.
Li will not participate in the daily operation of TVB, as vice chairman of the board, he will focus on the companyâs strategic planning and development of long-term business goals.
“He will contribute to the long-term growth of TVB with his unrivaled connections both within China and internationally,” said Charles Chan, chairman of TVB.
He was approved to join the board as a non-executive director in August after seeking approval from Hong Kong’s chief executive Leung Chun Ying.
âWe are delighted that Mr Li has accepted the appointments. He is widely respected in business circles in China and abroad. He is an international businessman with a unique blend of operational skills and experiences spanning across television, film, sports, location-based entertainment, internet-based over-the-top (OTT) TV, IPTV and smart TV, e-commerce, millennial media platforms and communities, and has an excellent track record in media and entertainment investments,â said Chan.
To ride the tide of phenomenal growth in the global film market, particularly in China, TVB is partnering with CMC Holdings, founded by Li, to invest in Flagship Entertainment Group and Shaw Brothers Holdings to develop a slate of Chinese and English-language films.
âIt is a pleasure to work with a group of talented people at TVB who over the years have laid a solid foundation for the business today. I believe the future bodes positively for the company with strategic opportunities. I look forward to working with my fellow board members to broaden the reach and impact of the great work that is being done,âÂ Li said.