DIH Holding announces board member Cathryn Chen's resignation

DIH Holding US, Inc. (NASDAQ: DHAI) announced the departure of Cathryn Chen from its Board of Directors on Monday. The news comes as the company's stock has experienced significant volatility, declining over 70% in the past six months. Chen's resignation, effective immediately, was attributed to her intensive work commitments outside of the company. According to the statement released today, her decision to step down was not due to any disagreements with DIH Holding's operations, policies, or practices.

The company, formerly known as Aurora Technology Acquisition Corp., has not disclosed any plans for a replacement on the board. The resignation leaves a vacancy that the Board has yet to address. DIH Holding, with corporate headquarters in Norwell, Massachusetts, has not provided further details on the timeline or process for appointing a new director. The company generated revenue of $73.5 million in the last twelve months, with a gross profit margin of nearly 52%.

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