#China #Beijing #Baijiayun #independent directors #Nasdaq RTC

Baijiayun Group Ltd Announces Changes in Board of Directors

On March 12, 2025, Baijiayun Group Ltd, a leading AI video solutions provider listed on Nasdaq under the ticker RTC, made significant changes to its board of directors that have the potential to reshape its strategic direction and governance.

Resignations of Current Directors

The first major announcement from the company involved the resignation of Mr. Erlu Lin and Mr. Chun Liu from their positions as independent directors, both effective immediately. Mr. Lin also held the chair position on the audit committee, while Mr. Liu was a member of the same committee. The company stated that their resignations were for personal reasons and did not arise from any disagreements regarding the company’s operational policies or practices.

The departures of Mr. Lin and Mr. Liu reflect a shift at Baijiayun's governance level, setting the stage for new perspectives and leadership in the company’s future. Mr. Yi Ma, Baijiayun’s Chairman and CEO, expressed gratitude for the contributions both directors made during their tenure and conveyed best wishes for their future endeavors.

New Appointments

In light of these changes, the board announced the appointment of two new independent directors - Ms. Beiwen Zhu and Mr. Mingjun Cai, effective immediately. Ms. Zhu steps into the role of chair of the audit committee and brings with her substantial experience in corporate financial reporting and management. Since April 2016, she has been serving as the finance director at Junxin Financing Lease (Shanghai) Co., Ltd. Her academic background is in labor and social security, acquired from Shanghai Lixin University of Accounting and Finance.

Mr. Mingjun Cai, the second new appointee, has over two decades of extensive experience in information technology and entrepreneurial management. He is the Chairman and CEO of Beijing Touken Technology Co., Ltd. since 2018 and previously held notable positions, including technology director roles at both CCIDNET.com and Sohu. His educational credentials include a bachelor's degree in mechatronics engineering from the Beijing Institute of Technology.

Implications for Baijiayun’s Future

With this transformation in its board composition, Baijiayun will now have a total of five directors, including two independent members. This strategic restructuring aligns with the company's allowance under Nasdaq Stock Market Rules to adopt home country practices regarding board and committee composition as a foreign private issuer.

Mr. Yi Ma emphasized the importance of the new appointments, asserting that Zhu and Cai’s impressive track records will be essential in facilitating the achievement of Baijiayun’s operational objectives. As the company continues to navigate the rapidly evolving landscape of AI video solutions, effective governance will play a critical role in ensuring its long-term success.

Conclusion

These changes at the board level are significant for Baijiayun Group Ltd, signaling a commitment to dynamic leadership and adaptability in a competitive market. As the company moves forward, the focus will undoubtedly be on harnessing the capabilities and insights of its refreshed board to ensure sustained growth and innovation in delivering high-quality AI video solutions. Stakeholders will keenly observe how these transitions impact Baijiayun’s strategic initiatives and overall performance in the coming months.