Tencent Holdings: Liu Chiping will retire as a director by rotation and continue to serve as president

CTOnews.com March 22 news, Tencent Holdings announced today that executive director Liu Chiping will retire by rotation in accordance with the company's articles of association and will not be re-elected at the company's annual general meeting on May 17, 2023.

Tencent Holdings said that after the 2023 annual general meeting, Liu Chiping will no longer be a director of the company and will continue to serve as president and chairman of the investment committee.

Tencent Holdings said in its announcement that the company believes that Liu Chiping's retirement by rotation will distinguish the responsibilities of the board of directors from management and increase the proportion of non-executive directors and female directors in the board of directors, thereby improving the company's overall governance structure.

CTOnews.com learned from the financial report of Tencent Holdings that the revenue of Tencent Holdings in the fourth quarter of 2022 was 144.95 billion yuan, up 1% from the same period last year, and the net profit was 106.27 billion yuan, up 12% from the same period last year. The annual revenue of 2022 was 554.552 billion yuan, down 1% from the same period last year, and the net profit was 188.243 billion yuan, down 16% from the same period last year.