HUYA Inc. (HUYA) Appoints Raymond Peng Lei as Co-CEO and CFO

HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that Mr. Raymond Peng Lei has been appointed by the Company's board of directors (the "Board") to serve as Acting Co-Chief Executive Officer ("Acting Co-CEO") and Chief Financial Officer of the Company, effective September 5, 2024. Mr. Lei will succeed Ms. Ashley Xin Wu as Acting Co-CEO and will jointly assume the duties of Chief Executive Officer of the Company with Mr. Junhong Huang, Director, Acting Co-CEO and Senior Vice President of the Company. Upon the appointment of Mr. Lei, Ms. Wu will continue to serve as Vice President of Finance of the Company.

"On behalf of the Board, we are delighted to welcome Raymond to Huya's management team. His extensive management and financial expertise will support and propel Huya as the Company continues to advance its strategic transformation and business development. We would also like to express our gratitude for Ashley's contributions in her role as Acting Co-CEO over the past year," said Mr. Songtao Lin, the Chairman of the Board.

Prior to joining Huya, Mr. Lei served as the finance director of Tencent Financial Technology (FiT). He first joined Tencent in 2004 and served in various finance roles during his tenure at Tencent of more than 18 years. Previously, Mr. Lei worked at PricewaterhouseCoopers for over 10 years, engaging in auditing and consulting services. Mr. Lei is a member of the Chinese Institute of Certified Public Accountants and received his bachelor's degree in economics from Shenzhen University in 1994.

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