29 Apr 2020 09:00
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
("Naspers" or "the company")
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGES TO THE COMPOSITION OF THE AUDIT AND RISK AND SOCIAL, ETHICS AND SUSTAINABILITY COMMITTEES
Ms Xu Ying (56) will be appointed as an independent non-executive director of Naspers Limited with effect from 26 June 2020.
Ms Xu Ying is the president of Wumei Technology Group ("Wumei", or "Wumart"), a technology-driven retailer in China. Deeply engaged in the retail business for 15 years, Ms Xu Ying has strong insight and knowledge of China consumers, especially in retail, online and offline. Prior to joining Wumei Technology Group, Ms Xu Ying was Vice President of LG (a joint venture) at Tianjin International Trust & Investment.
Ms Xu Ying holds a BA degree in English from Tianjin University, China, and an M.B.A. from Meinders School of Business, Oklahoma City University, United States.
Effective 24 April, Mr Ben van der Ross, independent non-executive director, stepped down from the audit and risk committees and was appointed to the social, ethics and sustainability committee. The board thanks Mr Ben van der Ross for his valuable contribution to the audit and risk committees.
CAPE TOWN, SOUTH AFRICA
29 April 2020
Sponsor: Investec Bank Limited
For more information contact:
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About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital media business. Naspers is also focused on stimulating South Africa's local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).For more information, please visit www.naspers.com.