Cheetah Mobile Announces Management Change

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President Ming Xu Will Continue to Serve as a Consultant and Help with Strategic Planning for Cheetah Mobile

Cheetah Mobile Inc., a leading mobile internet company with strong global vision, announced that its President, Ming Xu, has resigned for personal reasons, effective July 21, 2018. Xu will continue to serve as a consultant and help with the Company’s strategic planning. His previous responsibilities will be assumed by the Company’s CEO, Sheng Fu, and Senior Vice President, Edward Mingyan Sun.

Fu, Cheetah Mobile’s Chairman and Chief Executive Officer, stated, “I would like to thank Ming for his extraordinary contribution to building and growing Cheetah Mobile since its inception. Ming was instrumental in Cheetah Mobile’s transformation into a global mobile internet company. He played key roles in expanding our product portfolio, building our data analytics capabilities, and grooming a capable management team for us. While we deeply regret his departure, we respect his decision and sincerely wish him the best in all of his future endeavors.”

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Xu said, “My eight-year career at Cheetah Mobile and more than ten years of collaboration with Sheng Fu have left me with incredible memories that I will cherish tremendously. I sincerely thank Sheng Fu and my colleagues for the unwavering support that all of them have given me throughout my career at Cheetah Mobile. In assuming my new role as a consultant to the Company, I will watch Cheetah Mobile’s success from the sidelines. I am confident that the remaining management team will continue to achieve their long-term goals and generate shareholder value.”

Cheetah Mobile is a leading mobile Internet company with strong global vision. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, and live streaming product LiveMe. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels.

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