Playtika Holding Announces Resignation of James Fu Bin Lu as Director
December 05, 2022 at 04:40 pm EST
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On November 30, 2022, James Fu Bin Lu delivered to the Board of Directors of Playtika Holding Corp.
(Company) a letter of resignation (the Letter") to the Company, pursuant to which Mr. Lu resigned as a
director of the Company, effective immediately. As described in the Letter, Mr. Lu indicated that Joffre Palace Holdings Limited (Joffre) would be unable to proceed with the Pre-Closing (as defined in the PHUKII - Joffre SPA) pursuant to the previously announced Stock Purchase Agreement, dated June 27, 2022, by and between Playtika Holding UK II Limited and Joffre, as amended (the PHUKII - Joffre SPA). As previously disclosed, Mr. Lu was appointed as a director pursuant to the PHUKII - Joffre SPA, and, pursuant to that certain Stockholders Agreement, dated July 11, 2022, by and between Joffre and the Company (the Joffre SHA") and that certain letter of conditional resignation executed by Mr. Lu, Mr. Lu and Joffre agreed that Mr. Lu would automatically resign as a director of the Board upon the occurrence of
the earlier of certain events, including the termination of the PHUKII - Joffre SPA and the failure of the
Pre-Closing to occur prior to December 26, 2022. On November 10, 2022, all of the independent directors of the Board, other than Mr. Lu, approved the appointment of Mr. Yuan as the lead independent director of the Board. Mr. Lu did
not attend the November Board Meeting.
Playtika Holding Corp is a developer of mobile games. The Companyâs Playtika Boost Platform provides live game operations services and a proprietary technology to support portfolio of games. The Company owns and manages 15 games. It includes both casual and casino-themed games. The Company also provides free-to-play mobile games. The Company distributes its games through various web and mobile platforms such as Apple, Facebook, Google, and other web and mobile platforms. The Companyâs games include Slotomania, Bingo Blitz, House of Fun, Caesars Slots, World Series of Poker, Best Fiends, Juneâs Journey, Solitaire Grand Harvest, and Board Kings. The Companyâs games are available on iOS App Store and Google Play Store.