BitFuFu Announces Changes in Board of Directors
BitFuFu Inc. (NASDAQ: FUFU), a digital asset mining and cloud-mining service provider, announced changes to its Board of Directors on August 5, 2024. Mr. Yang Zhao resigned from the Board effective August 3, 2024, with no disagreements cited. The company appointed two new independent directors:
1. Mr. Huaiyu Liu: Appointed as chairman and member of the audit committee, and member of the nominating and corporate governance and compensation committees. Liu brings over 25 years of finance and management experience.
2. Mr. Joshua Kewei Cui: Appointed as a member of the audit committee. Cui has extensive experience in finance, accounting, and corporate advisory roles.
Following these changes, the Board now consists of six directors, with updated compositions for its audit, compensation, and nominating and corporate governance committees.
BitFuFu Inc. (NASDAQ: FUFU), un fornitore di servizi di mining di asset digitali e di cloud-mining, ha annunciato cambiamenti nel suo Consiglio di Amministrazione il 5 agosto 2024. Il signor Yang Zhao si è dimesso dal Consiglio con effetto dal 3 agosto 2024, senza citare disaccordi. L'azienda ha nominato due nuovi consiglieri indipendenti:
1. Il signor Huaiyu Liu: Nominato presidente e membro del comitato di controllo, e membro dei comitati di nomina e governance aziendale e di compensazione. Liu porta con sé oltre 25 anni di esperienza in finanza e gestione.
2. Il signor Joshua Kewei Cui: Nominato membro del comitato di controllo. Cui ha una vasta esperienza in finanza, contabilità e ruoli di consulenza aziendale.
In seguito a questi cambiamenti, il Consiglio ora consiste di sei membri, con composizioni aggiornate per i suoi comitati di controllo, compensazione e nomina e governance aziendale.
BitFuFu Inc. (NASDAQ: FUFU), un proveedor de servicios de minería de activos digitales y de minería en la nube, anunció cambios en su Junta Directiva el 5 de agosto de 2024. El Sr. Yang Zhao renunció a la Junta con efecto a partir del 3 de agosto de 2024, sin mencionar desacuerdos. La empresa nombró a dos nuevos directores independientes:
1. El Sr. Huaiyu Liu: Nombrado presidente y miembro del comité de auditoría, y miembro de los comités de nominación y gobernanza corporativa y de compensación. Liu aporta más de 25 años de experiencia en finanzas y gestión.
2. El Sr. Joshua Kewei Cui: Nombrado como miembro del comité de auditoría. Cui cuenta con una amplia experiencia en finanzas, contabilidad y roles de asesoría corporativa.
Tras estos cambios, la Junta ahora consta de seis directores, con composiciones actualizadas para sus comités de auditoría, compensación y nominación y gobernanza corporativa.
BitFuFu Inc. (NASDAQ: FUFU)는 디지털 자산 채굴 및 클라우드 채굴 서비스 제공업체로, 2024년 8월 5일 이사회 변동을 발표했습니다. 양자오 씨가 이사회에서 사임했습니다 (2024년 8월 3일부로 발효되며, 이견 없음). 회사는 두 명의 새로운 독립 이사를 임명했습니다:
1. 후아이위 류 씨: 감사위원회 의장 및 위원으로 임명되었으며, 지명 및 기업 거버넌스, 보상 위원회 위원으로도 활동합니다. 류 씨는 25년 이상의 재무 및 관리 경험을 보유하고 있습니다.
2. 조슈아 쿼이 씨: 감사위원회 위원으로 임명되었습니다. 쿼이 씨는 재무, 회계 및 기업 자문 역할의 폭넓은 경험을 가지고 있습니다.
이러한 변경에 따라 현재 이사회는 여섯 명의 이사로 구성되며, 감사, 보상, 지명 및 기업 거버넌스 위원회의 구성도 업데이트되었습니다.
BitFuFu Inc. (NASDAQ: FUFU), un fournisseur de services de minage d'actifs numériques et de cloud-mining, a annoncé des changements dans son conseil d'administration le 5 août 2024. Le M. Yang Zhao a démissionné du conseil avec effet au 3 août 2024, sans désaccords mentionnés. La société a nommé deux nouveaux administrateurs indépendants :
1. Le M. Huaiyu Liu : Nommé président et membre du comité d'audit, ainsi que membre des comités de nomination, de gouvernance d'entreprise et de rémunération. Liu apporte plus de 25 ans d'expérience en finances et en gestion.
2. Le M. Joshua Kewei Cui : Nommé membre du comité d'audit. Cui possède une vaste expérience en finances, comptabilité et rôles de conseil d'entreprise.
Suite à ces changements, le conseil se compose maintenant de six administrateurs, avec des compositions mises à jour pour ses comités d'audit, de rémunération ainsi que de nomination et de gouvernance d'entreprise.
BitFuFu Inc. (NASDAQ: FUFU), ein Anbieter von Dienstleistungen im Bereich digitales Asset Mining und Cloud-Mining, gab am 5. August 2024 Änderungen in seinem Vorstand bekannt. Herr Yang Zhao trat aus dem Vorstand zurück, wirksam zum 3. August 2024, ohne angeführte Meinungsverschiedenheiten. Das Unternehmen ernannte zwei neue unabhängige Direktoren:
1. Herr Huaiyu Liu: Zum Vorsitzenden und Mitglied des Prüfungsausschusses sowie Mitglied der Nominierungs- und Corporate Governance- sowie Vergütungsausschüsse ernannt. Liu bringt über 25 Jahre Erfahrung in Finanzen und Management mit.
2. Herr Joshua Kewei Cui: Zum Mitglied des Prüfungsausschusses ernannt. Cui hat umfangreiche Erfahrung in den Bereichen Finanzen, Buchhaltung und Unternehmensberatung.
Nach diesen Änderungen setzt sich der Vorstand nun aus sechs Direktoren zusammen, mit aktualisierten Zusammensetzungen für die Prüfungsausschüsse, Vergütungsausschüsse sowie Nominierungs- und Corporate Governance-Ausschüsse.
- Appointment of two experienced independent directors strengthening the Board's expertise
- New directors bring extensive finance, accounting, and management experience to the company
- Restructured Board committees with new appointments may improve corporate governance
- Resignation of a Board member may lead to temporary leadership transition challenges
SINGAPORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced changes in its board of directors (the “Board”).
Mr. Yang Zhao has resigned from the Board, effective from August 3, 2024. Mr. Zhao’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Leo Lu, Chairman and Chief Executive Officer of BitFuFu, commented, “On behalf of the Board, I would like to express my sincere gratitude to Mr. Zhao for his valuable contributions to BitFuFu. We wish him continued success in his future endeavors.”
Mr. Huaiyu Liu has been appointed as an independent director, the chairman and 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 compensation committee of the Board, effective from August 3, 2024. Mr. Huaiyu Liu has served as the chief financial officer of YNBY International Limited (HKEx Stock Code: 00030), a company listed on the Main Board of the Hong Kong Stock Exchange, since June 2022, and as the company secretary since August 2022. He also has served as an independent non-executive director, the chairman of the audit committee and the chairman of the remuneration committee of Kafelaku Coffee Holding Limited (HKEx Stock Code: 01869), a company listed on the Main Board of the Hong Kong Stock Exchange, since November 2023. Mr. Liu has over 25 years of experience in finance and management, and had previously held senior posts with several publicly listed companies, including as the chief financial officer of V1 Group Limited from November 2018 to August 2019, as an executive director, executive vice president, and company secretary of Chiho Environmental Group Limited from October 2016 to April 2017, and as an executive director and the chief financial officer of Xinyuan Real Estate Company Limited from April 2015 to September 2016. Mr. Liu holds a degree of master of business administration from Cornell University, and a degree of bachelor of economics from Shenzhen University in China. He is a member of the Hong Kong Institute of Certified Public Accountants, and a member of the Institute of Chartered Accountants in England and Wales.
Mr. Joshua Kewei Cui has been appointed as an independent director and a member of the audit committee of the Board, effective from August 3, 2024. Mr. Joshua Kewei Cui has served as a co-founder and executive director of SOCC Capital Consultancy Pte Ltd, a regional corporate and advisory firm based in Singapore, specializing in corporate finance and reporting compliance services, since April 2022. From June 2022 to September 2023, Mr. Cui served as the chief financial officer of Ohmyhome Ltd, a Nasdaq listed company, and in such capacity, was primarily responsible for the overall accounting and financial management, project management, strategic planning, and internal control of that company. From May 2017 to August 2018, he served as the financial controller of K2 F&B Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, and served as the chief financial officer from August 2018 to July 2021, where Mr. Cui was principally responsible for overall accounting and financial management, project management, strategic planning and internal control of that company. Mr. Cui began his career in auditing at one of the international accounting firms. He has more than a decade of finance and accounting related experience covering external audit, internal control and financial reporting in various industries. Mr. Cui graduated from Oxford Brookes University in the United Kingdom with a bachelor of science degree in applied accounting in July 2007. Mr. Cui has been a member of the Institute of Singapore Chartered Accountants (formerly known as the Institute of Certified Public Accountants of Singapore) since December 2010.
With the above changes, the Board currently consists of six directors: Leo Lu, Celine Lu, Huaiyu Liu, Cheng Yao, Yeeli Hua Zheng and Joshua Kewei Cui. The audit committee of the Board consists of Huaiyu Liu, Yeeli Hua Zheng and Joshua Kewei Cui, with Huaiyu Liu serving as the chairperson. The compensation committee of the Board consists of Yeeli Hua Zheng, Celine Lu and Huaiyu Liu, with Yeeli Hua Zheng serving as the chairperson. The nominating and corporate governance committee consists of Leo Lu, Huaiyu Liu and Yeeli Hua Zheng, with Leo Lu serving as the chairperson.
About BitFuFu Inc.
BitFuFu is a fast-growing digital asset mining service and world-leading cloud-mining service provider. BitFuFu received early investment from Bitmain, a world-leading digital asset mining hardware manufacturer, and remains Bitmain’s sole strategic partner in the cloud mining space.
BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with Bitmain, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.
For more information, please visit https://ir.bitfufu.com/.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
BitFuFu Investor Relations
ir@bitfufu.com
Christensen Advisory
bff@christensencomms.com
FAQ
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