WUHAN,
China, Nov. 27, 2023 /PRNewswire/ -- DouYu
International Holdings Limited ("DouYu" or the "Company") (Nasdaq:
DOYU) today announced that on November 24,
2023, the board of the directors (the "Board") of the
Company formed an interim management committee consisting of Mr.
Mingming Su, a director and Chief
Strategy Officer of the the Company, Mr. Hao Cao, a director and
Vice President of the Company, and Ms. Simin Ren, a Vice President of the Company. The
formation of the interim management
committee follows an announcement made by the Chengdu police on November 22, 2023 confirming that Mr.
Shaojie Chen, the Chief Executive
Officer and the Chairman of the Board of the Company was arrested.
The interim management committee will manage the Company's
operations until further notice.
The Board is confident that the Company will continue to
maintain its normal operations under the leadership of the interim
management committee. The management committee members'
years of experience at the Company
and in the industry will provide steady leadership while Mr. Chen
focuses on his situation.
Ms. Simin Ren was appointed as
the Vice President of the Company, effective as of November 24, 2023.
Ms. Ren joined the Company in
June 2021 and has served as a
vice president of the Company's PRC entities. Ms. Ren is responsible for the project
management office ("PMO") department in charge of project
management and business compliance, streamer management and content
ecosystem. Ms. Ren received
her bachelor's degree from the
University of Manchester in June
2016, and her master's degree from the University of Warwick
in November 2017.
About DouYu International Holdings Limited
Headquartered in Wuhan, China,
DouYu International Holdings Limited (Nasdaq: DOYU) is a leading
game-centric live streaming platform in China and a pioneer in the eSports value
chain. DouYu operates its platform on both PC and mobile apps to
bring users access to immersive and interactive games and
entertainment livestreaming, a wide array of video and graphic
contents, as well as opportunities to participate in community
events and discussions. By nurturing a sustainable technology-based
talent development system and relentlessly producing high-quality
content, DouYu consistently delivers premium content through
integration of livestreaming, video, graphics, and virtual
communities with a primary focus on games, especially on eSports.
This enables DouYu to continuously expand its user base and enhance
its user experience. For more information, please see
http://ir.douyu.com/.
Safe Harbor Statements
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements. Forward-
looking statements involve inherent risks and uncertainties, and a
number of factors could cause actual results to differ materially
from those contained in any forward-looking statement, including
but not limited to the following: the Company's results of
operations and financial condition; the Company's business
strategies; general market conditions, in particular the game live
streaming market; the ability of the Company to retain and grow
active and paying users; changes in general economic and business
conditions in China; the impact of
the COVID-19 to the Company's business operations and the economy
in China and globally; any adverse
changes in laws, regulations, rules, policies or guidelines
applicable to the Company; and assumptions underlying or related to
any of the foregoing. In some cases, forward-looking statements can
be identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the Securities Exchange Commission. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any duty to update such
information, except as required under applicable law.
Investor Relations Contact
In China:
Lingling Kong
DouYu International Holdings Limited
Email: ir@douyu.tv
Tel: +86 (10) 6508-0677
Andrea Guo
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +86 (10) 6508-0677
In the United States:
Brandi Piacente
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +1-212-481-2050
Media Relations Contact
Lingling Kong
DouYu International Holdings Limited
Email: pr_douyu@douyu.tv
Tel: +86 (10) 6508-0677
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SOURCE DouYu International Holdings Limited