Baijiayun Group Ltd Announces the Appointment of Independent Directors
Baijiayun Group (Nasdaq: RTC), an AI video solution provider, announced significant changes to its Board of Directors on March 12, 2025. Two independent directors, Mr. Erlu Lin and Mr. Chun Liu, resigned from their positions on the Board and Audit Committee for personal reasons. The company appointed Ms. Beiwen Zhu as an independent director and Audit Committee chair, and Mr. Mingjun Cai as an independent director and Audit Committee member.
Ms. Zhu brings corporate financial expertise from her role as finance director at Junxin Financing Lease. Mr. Cai contributes over 20 years of IT and management experience, including positions at Sohu and Beijing Touken Technology. Following these changes, the Board now consists of five directors, including two independent directors. As a foreign private issuer, Baijiayun is permitted to follow home country practices regarding board composition under Nasdaq rules.
Baijiayun Group (Nasdaq: RTC), un fornitore di soluzioni video basate su AI, ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione il 12 marzo 2025. Due direttori indipendenti, il sig. Erlu Lin e il sig. Chun Liu, si sono dimessi dalle loro posizioni nel Consiglio e nel Comitato di Revisione per motivi personali. L'azienda ha nominato la sig.ra Beiwen Zhu come direttore indipendente e presidente del Comitato di Revisione, e il sig. Mingjun Cai come direttore indipendente e membro del Comitato di Revisione.
La sig.ra Zhu porta con sé un'esperienza finanziaria aziendale grazie al suo ruolo di direttore finanziario presso Junxin Financing Lease. Il sig. Cai vanta oltre 20 anni di esperienza nel settore IT e nella gestione, inclusi ruoli presso Sohu e Beijing Touken Technology. A seguito di questi cambiamenti, il Consiglio è ora composto da cinque direttori, di cui due indipendenti. In quanto emittente privato straniero, Baijiayun è autorizzata a seguire le pratiche del proprio paese d'origine riguardo alla composizione del consiglio secondo le regole di Nasdaq.
Baijiayun Group (Nasdaq: RTC), un proveedor de soluciones de video basadas en IA, anunció cambios significativos en su Junta Directiva el 12 de marzo de 2025. Dos directores independientes, el Sr. Erlu Lin y el Sr. Chun Liu, renunciaron a sus puestos en la Junta y en el Comité de Auditoría por razones personales. La empresa nombró a la Sra. Beiwen Zhu como directora independiente y presidenta del Comité de Auditoría, y al Sr. Mingjun Cai como director independiente y miembro del Comité de Auditoría.
La Sra. Zhu aporta experiencia financiera corporativa de su rol como directora financiera en Junxin Financing Lease. El Sr. Cai contribuye con más de 20 años de experiencia en TI y gestión, incluidos puestos en Sohu y Beijing Touken Technology. Tras estos cambios, la Junta ahora consta de cinco directores, incluyendo dos directores independientes. Como emisor privado extranjero, Baijiayun tiene permitido seguir las prácticas de su país de origen con respecto a la composición de la junta bajo las reglas de Nasdaq.
Baijiayun Group (Nasdaq: RTC), AI 비디오 솔루션 제공업체,는 2025년 3월 12일 이사회의 중요한 변화를 발표했습니다. 두 명의 독립 이사인 Erlu Lin 씨와 Chun Liu 씨가 개인적인 사유로 이사회 및 감사위원회에서 사임했습니다. 회사는 Beiwen Zhu 씨를 독립 이사 및 감사위원회 의장으로, Mingjun Cai 씨를 독립 이사 및 감사위원회 위원으로 임명했습니다.
Zhu 씨는 Junxin Financing Lease에서 재무 이사로서의 역할을 통해 기업 재무 전문성을 제공합니다. Cai 씨는 Sohu와 Beijing Touken Technology에서의 경력을 포함하여 20년 이상의 IT 및 관리 경험을 가지고 있습니다. 이러한 변화 이후, 이사회는 이제 두 명의 독립 이사를 포함하여 총 다섯 명의 이사로 구성됩니다. 외국 사적 발행인으로서 Baijiayun은 Nasdaq 규정에 따라 이사회의 구성에 대한 자국의 관행을 따를 수 있습니다.
Baijiayun Group (Nasdaq: RTC), un fournisseur de solutions vidéo basées sur l'IA, a annoncé d'importants changements au sein de son Conseil d'Administration le 12 mars 2025. Deux administrateurs indépendants, M. Erlu Lin et M. Chun Liu, ont démissionné de leurs fonctions au Conseil et au Comité d'Audit pour des raisons personnelles. L'entreprise a nommé Mme Beiwen Zhu comme administratrice indépendante et présidente du Comité d'Audit, et M. Mingjun Cai comme administrateur indépendant et membre du Comité d'Audit.
Mme Zhu apporte une expertise financière d'entreprise grâce à son rôle de directrice financière chez Junxin Financing Lease. M. Cai possède plus de 20 ans d'expérience en informatique et en gestion, y compris des postes chez Sohu et Beijing Touken Technology. Suite à ces changements, le Conseil se compose désormais de cinq administrateurs, dont deux sont indépendants. En tant qu'émetteur privé étranger, Baijiayun est autorisé à suivre les pratiques de son pays d'origine concernant la composition du conseil conformément aux règles de Nasdaq.
Baijiayun Group (Nasdaq: RTC), ein Anbieter von KI-Video-Lösungen, gab am 12. März 2025 bedeutende Änderungen in seinem Vorstand bekannt. Zwei unabhängige Direktoren, Herr Erlu Lin und Herr Chun Liu, haben aus persönlichen Gründen von ihren Positionen im Vorstand und im Prüfungsausschuss zurückgetreten. Das Unternehmen ernannte Frau Beiwen Zhu zur unabhängigen Direktorin und Vorsitzenden des Prüfungsausschusses sowie Herrn Mingjun Cai zum unabhängigen Direktor und Mitglied des Prüfungsausschusses.
Frau Zhu bringt Unternehmensfinanzierungsexpertise aus ihrer Rolle als Finanzdirektorin bei Junxin Financing Lease mit. Herr Cai verfügt über mehr als 20 Jahre Erfahrung in IT und Management, einschließlich Positionen bei Sohu und Beijing Touken Technology. Nach diesen Änderungen besteht der Vorstand nun aus fünf Direktoren, darunter zwei unabhängige Direktoren. Als ausländischer privater Emittent ist Baijiayun berechtigt, die Praktiken seines Heimatlandes hinsichtlich der Zusammensetzung des Vorstands gemäß den Nasdaq-Regeln zu befolgen.
- New board member Ms. Zhu brings corporate financial reporting expertise
- Mr. Cai adds 20+ years of IT and entrepreneurial management experience
- Board maintains required composition with two independent directors
- Loss of two experienced independent directors simultaneously
Mr. Erlu Lin tendered to the Board his resignation as an independent director of the Board and the chair and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Erlu Lin's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice.
Mr. Chun Liu tendered to the Board his resignation as an independent director of the Board and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Chun Liu's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice.
The Board appointed Ms. Beiwen Zhu as an independent director of the Board and the chair and a member of the Audit Committee of the Board, effective from March 12, 2025. The Board appointed Mr. Mingjun Cai as an independent director of the Board and a member of the Audit Committee of the Board, effective from March 12, 2025. Upon the effectiveness of Mr. Erlu Lin's and Mr. Chun Liu's resignation and the appointment of Ms. Beiwen Zhu and Mr. Mingjun Cai, the Board consisted of five directors, including two independent directors. As a foreign private issuer, the Company is permitted to rely on home country practice under the Nasdaq Stock Market Rules with respect to its board and committee composition.
Ms. Beiwen Zhu is experienced in corporate financial reporting and management. She has served as the finance director at Junxin Financing Lease (
Mr. Mingjun Cai has over 20 years of experience in information technology and entrepreneurial management. Mr. Cai has served as the chairman and chief executive officer at Beijing Touken Technology Co., Ltd. since 2018. Prior to that, he was the technology director at CCIDNET.com in 2000 and at Sohu from 2003 to 2011. Mr. Cai was the chief technology officer at Shangruitong Network Technology Co., Ltd. from 2011 to 2013. Mr. Cai was the general manager of Sohu News from 2013 to 2018. Mr. Cai obtained his bachelor's degree in mechatronics engineering from Beijing Institute of Technology.
Mr. Yi Ma, Chairman and Chief Executive Officer of Baijianyun, commented, "We appreciate Mr. Erlu Lin's and Mr. Chun Liu's contributions and wish them the best in their next endeavors. We welcome Ms. Beiwen Zhu and Mr. Mingjun Cai to our Board. Ms. Beiwen Zhu and Mr. Mingjun Cai are well qualified to serve as independent directors of the Board. We believe Ms. Beiwen Zhu's and Mr. Mingjun Cai's impressive track record of success can effectively facilitate our operating objectives and targets."
Safe Harbor Statement
This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the
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 that the Company has filed or furnished or may file or furnish with the
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. For more information, please visit www.baijiayun.com.
For investor and media enquiries, please contact:
Ms. Fangfei Liu
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com
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SOURCE Baijiayun Group Ltd
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