Kingsoft Cloud Announces Resignation of Executive Director and Chief Financial Officer

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Kingsoft Cloud Holdings Limited (NASDAQ: KC, HKEX: 3896) announced that Mr. He Haijian will resign from his positions as executive Director and Chief Financial Officer, effective June 30, 2025. Mr. He, who also served as a member of the corporate governance committee, is stepping down due to personal commitments after five years with the company. He confirmed having no disagreements with the Board or pending matters requiring shareholder attention. Chairman Lei Jun expressed gratitude for He's leadership and contributions. The company plans to appoint a new CFO and maintains its commitment to executing strategic priorities. Kingsoft Cloud is a leading Chinese cloud service provider offering comprehensive cloud infrastructure, cloud-native products, and industry-specific solutions.

Positive

• None.

Negative

• Loss of experienced CFO and executive director who served for 5 years
• Temporary leadership gap in key financial position until new CFO is appointed

BEIJING, June 11, 2025 /PRNewswire/ -- The board (the "Board") of directors (the "Director(s)") of Kingsoft Cloud Holdings Limited (the "Company" or "Kingsoft Cloud") announces that Mr. He Haijian ("Mr. He") tendered his resignation as an executive Director and chief financial officer of the Company with effect from June 30, 2025, due to other personal commitments. Following the resignation of Mr. He, he also ceased to act as a member of the corporate governance committee of the Board.

Mr. He confirmed that he has no claim against the Company and has no disagreement with the Board and there are no other matters with respect to his resignation that need to be brought to the attention of shareholders of the Company or The Stock Exchange of Hong Kong Limited. 

Mr. Lei Jun, Chairman of Kingsoft Cloud, commented: "On behalf of the Board, I would like to express our sincere gratitude to Haijian for his outstanding leadership and invaluable contributions over the past five years. His tenure with Kingsoft Cloud has been marked by vision, resilience, and exceptional execution. We fully respect his decision and wish him continued success in his future endeavors."

The Company intends to appoint a new chief financial officer of the Company in due course. The Board and senior management remain fully committed to executing the Company's strategic priorities and are confident in its long-term outlook.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to", "could", "potential" or other similar expressions. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud's strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the SEC, 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. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud's goals and strategies; Kingsoft Cloud's future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud's business and industry; the expected growth of the cloud service market in China; Kingsoft Cloud's ability to monetize its customer base; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Kingsoft Cloud Holdings Limited

Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX:3896) is a leading cloud service provider in China. With extensive cloud infrastructure, cutting-edge cloud-native products based on vigorous cloud technology research and development capabilities, well-architected industry-specific solutions and end-to-end fulfillment and deployment, Kingsoft Cloud offers comprehensive, reliable and trusted cloud service to customers in strategically selected verticals.

For more information, please visit: http://ir.ksyun.com.
  
For investor and media inquiries, please contact:

Kingsoft Cloud Holdings Limited
Nicole Shan
Tel: +86 (10) 6292-7777 Ext. 6300
Email: ksc-ir@kingsoft.com

 

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SOURCE Kingsoft Cloud Holdings Limited

FAQ

Why is Kingsoft Cloud's CFO He Haijian resigning?

He Haijian is resigning from his positions as executive Director and CFO due to personal commitments, effective June 30, 2025. He confirmed having no disagreements with the Board.

When will Kingsoft Cloud (KC) appoint a new CFO?

The company stated it intends to appoint a new chief financial officer in due course, but no specific timeline was provided.

How long did He Haijian serve as CFO at Kingsoft Cloud?

He Haijian served at Kingsoft Cloud for five years, as mentioned in Chairman Lei Jun's statement.

What positions will be vacant after He Haijian's departure from Kingsoft Cloud (KC)?

Following He Haijian's resignation, the positions of executive Director, Chief Financial Officer, and member of the corporate governance committee will be vacant.

Will He Haijian's resignation affect Kingsoft Cloud's operations?

The Board and senior management stated they remain fully committed to executing the company's strategic priorities and are confident in its long-term outlook.