Sohu.com, China's online media, communications, commerce and mobile value-added services company, announced today the appointment of Carol Yu as Chief Financial Officer, succeeding Derek Palaschuk.

Ms. Yu's appointment will be effective starting March 8, 2004. Ms. Yu, a Hong Kong Certified Public Accountant, worked with Arthur Andersen Hong Kong and Beijing for 10 years and was a partner of the Audit Division, stationed in the Beijing office. She held the position of General Manager of Arthur Andersen-Hua Qiang, the joint venture accounting firm formed between Arthur Andersen and the Ministry of Finance in China. Ms. Yu also served as Senior Vice-President Investment Banking with Donaldson Lufkin & Jenrette Securities Corporation in Hong Kong.

"Derek has made significant contributions to SOHU in the past three and one half years. On behalf of our management team and Board of Directors, I want to thank Derek for his leadership and dedication to SOHU. We are pleased to have found in Carol Yu a worthy successor and welcome her to the executive team," Charles Zhang, Chairman and CEO of SOHU, said.

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