SANTA
CLARA, Calif., Aug. 26,
2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the
"Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud
platform service provider, today announced that Ms. Yao (Jessie) Liu has tendered her resignation as
a director, the Chief Financial Officer and senior vice president
of Tuya, effective September 16,
2024. Ms. Liu has made this decision to devote more time to
her personal endeavors.
The Company is grateful for the invaluable contributions she
made during her more than 5-year tenure. "On behalf of Tuya, I want
to express our deep appreciation to Jessie for her invaluable
contributions to Tuya. Since joining in 2019, Jessie has been
instrumental in our success, particularly in leading our public
listings on the New York Stock Exchange in 2021 and the Hong Kong
Stock Exchange in 2022," said Mr. Xueji (Jerry) Wang, Tuya's founder, director, and Chief
Executive Officer. "Her capital market and financial expertise have
been crucial in shaping Tuya's strategic direction and
strengthening our position in the global IoT industry.
Additionally, Jessie's efforts in driving operational optimization
and efficiency management have significantly contributed to
enhancing our business and financial profitability, even amidst
challenging headwinds. We are immensely grateful for her service
and wish her the very best in her future endeavors."
Reflecting on her time at Tuya, Ms. Liu stated, "It has been a
tremendous honor to be part of Tuya's journey. I am proud of what
we have achieved, especially our commitment to building a global
IoT developer ecosystem. I am grateful to Jerry, the Board, and my
colleagues for their trust and support throughout the years. As I
prepare to devote more time to my personal endeavors, I remain
confident in Tuya's bright future as a leading global cloud
platform service provider."
Following Ms. Liu's departure, Mr. Yi
(Alex) Yang, a director, co-founder of the Company, will
take on the additional role of Chief Financial Officer.
Mr. Yang, who will assume the role of Chief Financial Officer,
brings extensive experience in operational leadership, including
expertise relating to both business and financial management. As a
director and co-founder, Mr. Yang has played a pivotal role in
Tuya's growth since its startup, funding and strategic direction.
His deep understanding of our business and related financial
operations, combined with his track record in driving efficiency
and profitability, positions him well to continue building on the
strong foundation laid by Ms. Liu.
The Company remains fully committed to our long-term strategic
vision of being a global leader in the smart solution industry. The
transition in leadership will not alter our focus on delivering
value to our shareholders, enhancing our developer ecosystem, and
maintaining our position as a leading cloud platform service
provider. The Board and management team are unified in driving
Tuya's growth and ensuring continuity in our financial and
operational strategies.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud
platform service provider with a mission to build a smart solutions
developer ecosystem and enable everything to be smart. Tuya has
pioneered a purpose-built cloud developer platform with cloud and
generative AI capabilities that delivers a full suite of offerings,
including Platform-as-a-Service, or PaaS, Software-as-a-Service, or
SaaS, and smart solutions for developers of smart device,
commercial applications, and industries. Through its cloud
developer platform, Tuya has activated a vibrant global developer
community of brands, OEMs, AI agents, system integrators and
independent software vendors to collectively strive for smart
solutions ecosystem embodying the principles of green and
low-carbon, security, high efficiency, agility, and openness.
Investor Relations Contact
Tuya Inc.
Investor Relations
Email: ir@tuya.com
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co
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SOURCE Tuya Inc.