Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced a change in its board of directors (the "Board").
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 (Shanghai) Co., Ltd. since April 2016. Ms. Zhu obtained her bachelor's degree in labor and social security from Shanghai Lixin University of Accounting and Finance.
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."
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