Chairman TCL Thomson June turnover more personnel changes will be staged

May 13th morning, TCL group's internal sources of news, took only half a year TTE (TCL- Thomson) chairman Hu Qiusheng will be leaving in June 30th. TTE will be directly managed by TCL Group Chairman and President Li Dongsheng.

Reporters then call the TCL group brand management center spokesman Guo Wei, she was informed of the accident. She said: Hu is always due to cervical spondylosis vertigo and the initiative to resign, because TTE business is very important, so President Lee personally managed." The insider told reporters that the real reason for the resignation of Hu Qiusheng has a direct relationship with the poor performance of TTE, the next series of personnel adjustments will be the best proof.

In the TCL group released in April 28th Yukui announcement said: the company expects half year 2006 net profit will be a loss, this and Li Dongsheng "around 18 months to draw further apart to win" slogan. In addition, there are other sources inside TCL said Hu Qiusheng's resignation and TTE will accept new investment, but the details of the injection of capital, is still unknown.

Hu Qiusheng was in October 24th last year, when the reorganization of the TTE structure as chairman of TTE. TCL data show that Hu Qiusheng was responsible for the early stages of the TCL group and Thomson joint venture negotiations.