BEIJING, Jan. 22,
2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun"
or the "Company") (Nasdaq: RTC), a one-stop AI video solution
provider, today announced changes in its management and board of
directors (the "Board").
Mr. Gangjiang Li has resigned as a member and chairman of the
Board, a member and chairman of the compensation committee of the
Board and the chief executive officer of the Company for personal
reasons, effective from January 22,
2024. Mr. Ching Chiu has
resigned as a director of the Company for personal reasons,
effective from the same date. Their resignation did not result from
any disagreement with the Company on any matter relating to the
Company's operations, policies or practice.
Mr. Yi Ma, who currently serves
as the president of the Company and a director of the Board, has
been appointed as the Company's chief executive officer and
chairman of the Board to succeed Mr. Gangjiang Li, effective from
January 22, 2024. Ms. Qiong Ni, the spouse of Mr. Gangjiang Li, and
Ms. Xin Zhang, who currently serves
as the secretary of the Board, have been appointed as new directors
to serve on the Board, effective from January 22, 2024.
Following the foregoing changes, the Board currently consists of
five directors, including Mr. Yi Ma,
Ms. Qiong Ni, Ms. Xin Zhang, and two independent directors,
including Mr. Erlu Lin and Mr. Chun
Liu. In addition, the compensation committee of the Board
currently consists of Ms. Qiong Ni
and Mr. Yi Ma, with Ms. Qiong Ni as the chairman; and the nominating and
corporate governance committee of the Board currently consists of
Mr. Yi Ma and Ms. Xin Zhang, with Mr. Yi
Ma as the chairman. The composition of the audit committee
of the Board remains unchanged, i.e., with Mr. Erlu Lin and Mr.
Chun Liu as members and Mr. Erlu Lin
as the chairman.
Biographical information relating to the newly appointed
directors is set out as follows.
Ms. Qiong Ni has
served as the general manager of JiaJia Holdings Co., Ltd. since
March 2017, where she is mainly
responsible for coordinating the investment and holding management
and leading the operations and development at the headquarters
level. Ms. Ni received her bachelor's degree in environmental art
and design from Donghua University in June
2003.
Ms. Xin Zhang
joined Baijiayun in July 2017 and has
served as the secretary of the Board since January 2020. She is responsible for organizing
and coordinating the Company's information disclosure,
strengthening communications and coordination with the capital
markets, and formulating affairs management policies. Before
joining Baijiayun, Ms. Zhang worked at the human resources
department of Gaotu Techedu Inc. (NYSE: GOTU, formerly known as GSX
Techedu Inc.) from September 2014 to
May 2017, and served as the assistant
to chief technology officer of Baidu Inc. (HKEx: 9888) from
July 2011 to August 2014. Ms. Zhang received her bachelor's
degree in network engineering from Dalian Minzu University in
June 2011.
About Baijiayun Group Ltd
Baijiayun is a one-stop AI video solution provider with core
expertise in SaaS/PaaS solutions. Baijiayun is committed to
delivering reliable, high-quality video experiences across devices
and localities and has grown rapidly since its inception in 2017.
Premised on its industry-leading video-centric technologies,
Baijiayun offers a wealth of video-centric technology solutions,
including Video SaaS/PaaS, Video Cloud and Software, and Video AI
and System Solutions. Baijiayun caters to the evolving
communications and collaboration needs of enterprises of all sizes
and industries.
Safe Harbor Statement
This press release contains certain "forward-looking
statements." These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the parties' perspectives and expectations, are
forward-looking statements. The words "will," "expect," "believe,"
"estimate," "intend," and "plan" and similar expressions indicate
forward-looking statements.
Such forward-looking statements are inherently uncertain, and
shareholders and other potential investors must recognize that
actual results may differ materially from the expectations as a
result of a variety of factors. Such forward-looking statements are
based upon management's current expectations and include known and
unknown risks, uncertainties, and other factors, many of which are
hard to predict or control, that may cause the actual results,
performance, or plans to differ materially from any future results,
performance or plans expressed or implied by such forward-looking
statements. The forward-looking information provided herein
represents the Company's estimates as of the date of this press
release, and subsequent events and developments may cause the
Company's estimates to change.
The Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as
representing the Company's estimates of its future financial
performance as of any date subsequent to the date of this press
release.
A further list and description of risks and uncertainties can be
found in the documents the Company has filed or furnished or may
file or furnish with the U.S. Securities and Exchange Commission,
which you are encouraged to read. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements. Forward-looking statements relate only
to the date they were made, and the Company undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
For investor and media enquiries, please contact:
Company Contact:
Ms. Fangfei Liu
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: liufangfei@baijiayun.com
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SOURCE Baijiayun Group Ltd