Baijiayun Group 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.
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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.
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“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.”
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