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SINGAPORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced changes in its board of directors (the “Board”).
Mr. Yang Zhao has resigned from the Board, effective from August 3, 2024. Mr. Zhao’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Leo Lu, Chairman and Chief Executive Officer of BitFuFu, commented, “On behalf of the Board, I would like to express my sincere gratitude to Mr. Zhao for his valuable contributions to BitFuFu. We wish him continued success in his future endeavors.”
Mr. Huaiyu Liu has been appointed as an independent director, the chairman and a member of the audit committee of the Board, a member of the nominating and corporate governance committee of the Board and a member of the compensation committee of the Board, effective from August 3, 2024. Mr. Huaiyu Liu has served as the chief financial officer of YNBY International Limited (HKEx Stock Code: 00030), a company listed on the Main Board of the Hong Kong Stock Exchange, since June 2022, and as the company secretary since August 2022. He also has served as an independent non-executive director, the chairman of the audit committee and the chairman of the remuneration committee of Kafelaku Coffee Holding Limited (HKEx Stock Code: 01869), a company listed on the Main Board of the Hong Kong Stock Exchange, since November 2023. Mr. Liu has over 25 years of experience in finance and management, and had previously held senior posts with several publicly listed companies, including as the chief financial officer of V1 Group Limited from November 2018 to August 2019, as an executive director, executive vice president, and company secretary of Chiho Environmental Group Limited from October 2016 to April 2017, and as an executive director and the chief financial officer of Xinyuan Real Estate Company Limited from April 2015 to September 2016. Mr. Liu holds a degree of master of business administration from Cornell University, and a degree of bachelor of economics from Shenzhen University in China. He is a member of the Hong Kong Institute of Certified Public Accountants, and a member of the Institute of Chartered Accountants in England and Wales.
Mr. Joshua Kewei Cui has been appointed as an independent director and a member of the audit committee of the Board, effective from August 3, 2024. Mr. Joshua Kewei Cui has served as a co-founder and executive director of SOCC Capital Consultancy Pte Ltd, a regional corporate and advisory firm based in Singapore, specializing in corporate finance and reporting compliance services, since April 2022. From June 2022 to September 2023, Mr. Cui served as the chief financial officer of Ohmyhome Ltd, a Nasdaq listed company, and in such capacity, was primarily responsible for the overall accounting and financial management, project management, strategic planning, and internal control of that company. From May 2017 to August 2018, he served as the financial controller of K2 F&B Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, and served as the chief financial officer from August 2018 to July 2021, where Mr. Cui was principally responsible for overall accounting and financial management, project management, strategic planning and internal control of that company. Mr. Cui began his career in auditing at one of the international accounting firms. He has more than a decade of finance and accounting related experience covering external audit, internal control and financial reporting in various industries. Mr. Cui graduated from Oxford Brookes University in the United Kingdom with a bachelor of science degree in applied accounting in July 2007. Mr. Cui has been a member of the Institute of Singapore Chartered Accountants (formerly known as the Institute of Certified Public Accountants of Singapore) since December 2010.