LAIX Inc. (NYSE:LAIX) (“LAIX” or the “Company”), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, announced the appointment of Mr. Tiak Koon Loh as a new independent director to the Company’s board of directors (the “Board”) and that he has also been appointed to the Board’s audit committee. He currently serves as the chief executive officer and a director of Pactera International Technology Limited, a billion-dollar digital technology services company. Mr. Loh will be replacing Mr. Jinjian Zhang, a non-independent director, who has recently resigned from the Board. These changes will be effective on December 26, 2018.
“We are thrilled to have Mr. Loh join our Board as an independent director and a member of the audit committee,” commented Dr. Yi Wang, Chairman and Chief Executive Officer of the Company. “We believe his strong technological background is complementary with our core business philosophy. After such a transformational quarter, including our IPO and strong financial results, we believe it is important to continue to strengthen our corporate profile and positioning, and while we express our gratitude to Mr. Zhang for his efforts on the Board up until this time, we believe that the addition of Mr. Loh, an experienced and independent director, will fortify the overall Board composition going forward.”
“I am excited to be joining the Board of a company truly focused on the intersection of innovative, AI-focused technological capabilities and education,” said Mr. Loh. “I believe my skill set and background, working with predominantly Tier-1 companies will be an asset to LAIX as it continues to scale, and I look forward to the opportunities ahead.”
As way of background, Mr. Loh has more than 30 years’ experience in leading technology investments and building information technology-focused businesses. He has a successful track record serving in both global and regional key executive positions at premier companies, including IBM, Hewlett-Packard, Capgemini and Internet Capital Group. Mr. Loh received his bachelor’s degree in electrical engineering from the National University of Singapore.
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