Corporate Governance

Because Sohu owns more than 50% of the total voting power of ChangYou's ordinary shares, ChangYou is a "controlled company" under the NASDAQ Stock Market Rules. ChangYou relies on certain exemptions from NASDAQ corporate governance requirements that are available to controlled companies, including the requirements:

Please refer to ChangYou's Code of Ethics and Conduct for Directors, Officers and Employees.

Below is a summary of the committee structure and membership information of ChangYou's board of directors. Access here ChangYou's Audit Committee Charter.

Chairperson

Member

Audit Committee Dave De Yang
Dr. Xiao Chen
Charles Sheung Wai Chan