NetEase Appoints New Independent Director to Strengthen Board Independence

NetEase Strengthens Its Board with New Independent Appointment

On August 14, 2025, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999), a prominent player in the internet and gaming services sector, announced a significant addition to its board of directors. Mr. Kok Chung Johnny Chan has been appointed as an independent director, a move celebrated by the company's leadership as a step towards enhanced governance and board independence.

A Wealth of Experience

Mr. Chan brings over 40 years of experience in investment banking and management to his new position. Currently serving as the Chief Investment Officer of the Hong Kong Cyberport Management Company, he is renowned for his comprehensive understanding of capital markets. His past roles include membership in Hong Kong's Market Misconduct Tribunal and the Securities and Futures Appeals Tribunal, showcasing his extensive insight into regulatory issues and market behaviors.

In addition to these significant roles, Chan is an independent non-executive director for CNQC International Holdings Ltd. and Hangzhou SF Intra-city Industrial Co., Ltd. His academic background is impressive, so-to-speak. He earned a bachelor’s degree in economics from the City of London Polytechnic (now part of London Metropolitan University), followed by an MBA from City University London, and a postgraduate diploma from the Securities Institute of Australia, reinforcing his qualifications in financial governance.

A Vision for Future Growth

In a statement accompanying the announcement, William Ding, the Chief Executive Officer of NetEase, expressed enthusiasm about Chan's appointment. “We are delighted to welcome Johnny to the board,” he said. “His extensive background and nuanced understanding of capital markets, supported by a regarded standing in the industry, will bring fresh and practical insights that align with our commitment to excellence and innovation.” This highlights NetEase’s aim to further enhance its corporate governance and strategic direction in the rapidly evolving digital entertainment landscape.

About NetEase

NetEase, Inc. stands at the forefront of the internet and game services industry, known for its commitment to delivering high-quality content to its users. The company operates an extensive portfolio of some of China’s and the world’s most popular mobile and PC games. They focus on creating superior gaming experiences, positioning gaming as a means to infuse culture and provide educational experiences through technology.

Furthermore, NetEase's ecosystem includes various ventures such as Youdao, an intelligent learning solution provider, and NetEase Cloud Music, a leading online music platform. These expansions signify the company's diversified interests and its pursuit of innovation across digital content.

Implications of Strengthening Independence

The appointment of Mr. Chan reflects a growing trend among publicly traded companies to strengthen board independence to adhere to best practices in corporate governance. It is becoming increasingly essential as stakeholders demand transparency, ethical governance, and strategic decision-making aligned with the interests of shareholders.

Investors can anticipate that as boards diversify skill sets and enhance independence, companies like NetEase may cultivate more robust risk management practices, strategic insights, and innovation. This proactive approach positions NetEase advantageously to navigate the competitive landscape of technology and entertainment.

Forward-Looking Statements

As NetEase moves forward with its strategic goals, it is essential for stakeholders to recognize the forward-looking nature of such announcements. The company’s future performance may be influenced by various factors including market dynamics, regulatory environments, and competition within the sector. By welcoming experienced board members like Chan, NetEase aims to mitigate risks and seize opportunities within the competitive marketplace.

For further information about NetEase, visit their official website or follow their investor relations page for the latest updates.

In conclusion, Mr. Chan’s experience and profound understanding of the market landscape will undoubtedly play a crucial role in guiding NetEase's strategic efforts and ensuring its governance aligns with its growth aspirations.