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Hutchison Whampoa Limited

Veteran media man takes on internet challenge
Carl Chang heads TOM.COM LIMITED

22 December 1999

TOM.COM LIMITED, an associate of Hutchison Whampoa Limited, has announced that Carl Chang will be the CEO of this newly created joint venture. TOM.COM LIMITED is a new holding company between Cheung Kong (Holdings), Hutchison Whampoa and other strategic investors for the development of internet content activities.

TOM.COM LIMITED will launch a multi-lingual mega-portal of "infotainment" content, TOM.COM, targeting both PRC and global audiences to "Bring China to the World and the World to China".

Mr Chang will lead TOM.COM's business strategies, build the professional teams behind management and the operations, branding as well as marketing of this unique mega portal of China-related content.

Also, a priority on Mr Chang's agenda is to explore strategic partnerships with quality content providers. "Exclusive partnership with unique and dynamic content providers is fundamental to the success of this content-rich portal. We will continue to team up with leading content partners to create a diverse range of exclusive content available on our portal," said Mr Chang.

The internet has come of age, maturing rapidly to have explosive influence to every aspect of our lives. Venturing onto this exciting terrain reaffirms my belief in the huge potential of the internet world. Apart from building TOM.COM the best global mega-portal for its audience, my vision is to bring e-commerce services to our customers, " added Mr Chang.

Mr Chang has been Metro Broadcasting's CEO since February 1998. He possesses extensive broadcasting and media experience. Before joining Metro, he was General Manager of Commercial Radio Group, General Manager of Television Enterprise International and Rock Communication's President. Upon joining TOM.COM LIMITED, Mr Chang's day to day duties at Metro will be assumed by Mr Kam Kwok-leung, Deputy CEO.

Issued on behalf of TOM.COM LIMITED by WORLDCOM Hong Kong Ltd.

Hutchison Whampoa Limited
Laura Cheung
Tel:  (852) 2128 1289
WORLDCOM Hong Kong Limited
Rachel Chan
Tel:  (852) 2864 4883

Source: Hutchison Whampoa Limited
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