BEIJING, Oct. 17,
2023 /PRNewswire/ -- Baijiayun Group Ltd
("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video
solution provider, today announced a change in its management.
Mr. Yong Fang has tendered his resignation as the chief
financial officer of the Company, effective from October 16, 2023. Mr. Fang's resignation was due
to personal reasons, and did not result from any disagreement nor
dispute with the Company, its management, board of directors (the
"Board") or any committee of the Board, on any matter relating to
the Company's operations, policies or practice. The Board has
accepted Mr. Fang's resignation and appointed Ms. Fangfei Liu as
its chief financial officer, effective from the same date.
Biographical information relating to Ms. Fangfei Liu is set
out as follows.
Ms. Liu has served as our financial director since June 2023. Before joining us, Ms. Liu served in
various positions with prestigious companies. She worked for China
Finance Online Co. Limited, a previously Nasdaq-listed company, as
the financial director from December
2017 to June 2023 and as a
financial reporting supervisor from March
2014 to March 2015. She served
as a financial analysis and financial reporting manager at MOGU
Inc. (NYSE: MOGU) from March 2015 to
December 2017. Ms. Liu also served as
a financial reporting specialist at JD.com, Inc. (Nasdaq: JD and
HKEx: 9618) from January 2013 to
March 2014. She accumulated abundant
experiences in financial and operational planning and analysis,
budget management, capital operations, risk management and control,
and tax planning. Ms. Liu received her bachelor's degree in
accounting from Dongbei University of Finance and Economics in
2009, and a master's degree in accounting from Cleveland State University in 2012. Ms. Liu is a
Certified Public Accountant in the United
States and a holder of The Chartered Global Management
Accountant (CGMA®) designation.
"On behalf of the board of directors and management, I would
like to thank Mr. Fang for all his contributions to the
Company and wish him the very best in the future," commented Mr.
Gangjiang Li, chief executive officer and chairman of Baijiayun.
"In the meantime, we welcome Ms. Fangfei Liu to our leadership
team. Ms. Fangfei Liu is well equipped to assume the role of chief
financial officer with her excellent professional background and
work experiences in the financial area. I look forward to our
collaboration as we continue to refine our financial reporting and
controls and enhance operational efficiency."
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.
Safe Harbor Statement
This press release contains certain "forward-looking
statements." These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the parties' perspectives and expectations, are
forward-looking statements. The words "will," "expect," "believe,"
"estimate," "intend," and "plan" and similar expressions indicate
forward-looking statements.
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 the Company has filed or furnished or may
file or furnish with the U.S. Securities and Exchange Commission,
which you are encouraged to read. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements. Forward-looking statements relate only
to the date they were made, and the Company undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
For investor and media enquiries, please contact:
Ms. Feifei Shen
The Blueshirt Group
Phone: +86 134 6656 6136
Email: feifei@blueshirtgroup.com
Company Contact:
Ms. Fangfei Liu
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 185 1066 3192
Email: liufangfei@baijiayun.com
View original
content:https://www.prnewswire.com/news-releases/baijiayun-announces-change-in-management-301958697.html
SOURCE Baijiayun Group Limited