BEIJING, May 18, 2022
/PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS)
("Cloopen" or the "Company") today announced changes in independent
directors of the Company.
The Company received a letter of resignation dated May 18, 2022 from Mr. Ching Chiu and a letter of resignation dated
May 18, 2022 from Mr. Yunhao Liu, both notifying the Company of his
resignation as an independent director of the Company and all his
positions in the board of directors of the Company (the "Board")
and its relevant committees for personal reasons not resulting from
any disagreement with the Company on any matter relating to the
Company's operations, policies or practice, effective from
May 18, 2022.
Mr. Adam J. Zhao agreed to be and
was appointed as a new independent director to serve on the Board,
effective May 18, 2022. Mr.
Adam J. Zhao was also appointed to
serve as the chairman and a member of the audit committee of the
Board, a member of the compensation committee of the Board, a
member of the nominating and corporate governance committee of the
Board and the chairman and a member of the special committee of the
Board.
Mr. Tim Yimin Liu agreed to be
and was appointed as a successor independent director to serve on
the Board, effective May 18, 2022.
Mr. Tim Yimin Liu was also appointed
to serve as a member of the audit committee of the Board, a member
of the nominating and corporate governance committee of the Board
and a member of the special committee of the Board.
Biographical information relating to Mr. Adam J. Zhao and Mr. Tim
Yimin Liu is set out as follows.
Mr. Adam J. Zhao
served as the chief financial officer and board secretary of
PapayaMobile from January 2015 to
February 2021. Prior to joining
PapayaMobile, Mr. Zhao served as the chief financial officer and
board secretary of Country Style Cooking Restaurant Chain Co.,
Ltd., a prior NYSE-listed company, from January 2012 to November
2014. Prior to that, Mr. Zhao served as a vice president of
Ninetowns Internet Technology Group Company Limited, a prior
Nasdaq-listed company, from August
2007 to December 2011. From
2004 to 2007, Mr. Zhao was the chief financial officer of Digital
Media Group, which was acquired by VisionChina Media Inc., a prior
Nasdaq-listed company. Mr. Zhao's earlier experiences included
portfolio management positions at New Hope Capital and serving as
an investment director at a Hong
Kong investment company. Mr. Zhao also served as an
independent director of Jumei International Holding Limited, a
prior NYSE-listed company, from 2015 to 2020, and an independent
director of eLong, Inc, a prior Nasdaq-listed company, from 2015 to
2018. Mr. Zhao received his bachelor's degree in economics from
Beijing International Studies University in 1989 and his MBA from
University of Illinois at Chicago in
2003.
Mr. Tim Yimin Liu
has served as a partner at Global Law Office since July 2020. Before joining Global Law Office, Mr.
Liu served as a partner of Beijing DHH Law Firm from May 2018 to June
2020. From September 2013 to
May 2018, Mr. Liu served as an
in-house legal counsel of the China subsidiary of Accenture plc (NYSE: ACN).
Mr. Liu worked with Morrison &
Foerster, Clifford Chance, Nixon
Peabody and Mori Hamada &
Matsumoto in his early years of legal practice. Mr. Liu received
his bachelor's degree in English Language and Literature from
Sichuan International Studies University in 1999. Mr. Liu received
his LL.B. degree in Chinese laws from Tsinghua University in 2002,
his LL.M. degree in corporate laws from New
York University School of Law in 2007. Mr. Liu went to
Cheung Kong Graduate School of Business for MBA in Finance program
in 2011.
About Cloopen Group Holding Limited
Cloopen Group Holding Limited is a leading multi-capability
cloud-based communications solution provider in China offering a full suite of cloud-based
communications solutions, covering communications platform as a
service (CPaaS), cloud-based contact centers (cloud-based CC), and
cloud-based unified communications and collaborations (cloud-based
UC&C). The Company's mission is to enhance the daily
communication experience and operational productivity for
enterprises. The Company aspires to drive the transformation of
enterprise communications industry by offering innovative marketing
and operational tactics and SaaS-based tools.
For more information, please visit
https://ir.yuntongxun.com.
Forward-Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Cloopen may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Any statements
that are not historical facts, including statements about Cloopen's
beliefs and expectations as well as its financial outlook, are
forward-looking statements. These forward-looking statements are
based on the Company's current expectations and involve factors,
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Such
factors, risks and uncertainties include, but not limited to the
following: Cloopen's goals and strategies; its expectations
regarding demand for and market acceptance of its brand and
services; its ability to attract new customers or retain existing
ones; its ability to continue developing solutions and the markets
its solutions target; its ability to maintain collaborations with
mobile network operators; its ability to enhance or upgrade its
existing solutions and introduce new ones in a timely and
cost-effective manner; its ability to maintain the compatibility of
its solutions across devices, business systems and applications and
physical infrastructure; relevant government policies and
regulations relating to Cloopen's corporate structure, business and
industry, as well as the industries in which its customers operate;
and general economic and business condition in China. Further information regarding these and
other risks, uncertainties or factors is included in Cloopen's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is current as of the
date of the press release, and Cloopen does not undertake any
obligation to update such information, except as required under
applicable law. All forward-looking statements are qualified in
their entirety by this cautionary statement, and you are cautioned
not to place undue reliance on these forward-looking
statements.
For investor and media inquiries, please contact:
Cloopen Group Holding Limited
Investor Relations
Email: ir@yuntongxun.com
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SOURCE Cloopen Group Holding Limited