BEIJING, April 14,
2022 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ)
("iQIYI" or the "Company"), an innovative market-leading online
entertainment service in China,
today announced changes to its board composition. Mr. Conor Chia-hung Yang, has been appointed as an
independent director of the board of directors (the "Board") and a
member of its audit committee. Ms. Jane Jie
Sun has resigned from the Board and the audit committee for
personal reasons. These changes became effective today.
"We are delighted to welcome Conor to the Board," said
Dr. Yu Gong, Founder, Director and Chief Executive Officer of
iQIYI. "We believe Conor's experience and expertise will provide
significant value to iQIYI as we continue to execute our strategy
to improve business efficiency. On behalf of the Board, I would
also like to express my sincere gratitude to Jane for her
incredible contribution to the Company during her tenure on the
Board, and wish her well for the future."
Mr. Conor Chia-hung Yang has been
the chief financial officer of TalkingData Group Holding Limited
since December 2021. Prior to that,
Mr. Yang was the co-founder and president of Black Fish Group
Limited from 2017 to 2021. From 2007 to 2017, Mr. Yang served in
several chief financial officer positions at US-listed companies
including Tuniu Corporation (Nasdaq: TOUR), E-Commerce China
Dangdang Inc., and AirMedia Group Inc. Mr. Yang was the chief
executive officer of Rock Mobile Corporation from 2004 to 2007, and
the chief financial officer of the Asia
Pacific region for Cellstar Asia Corporation from 1999 to
2004. Prior to that, Mr. Yang was a senior banker at Goldman
Sachs (Asia) L.L.C., Lehman
Brothers Asia Limited and Morgan Stanley Asia Limited from 1992 to
1999. Mr. Yang received his master's degree in business
administration from the University of
California, Los Angeles.
About iQIYI, Inc.
iQIYI, Inc. is an innovative market-leading online entertainment
service in China. Its corporate
DNA combines creative talent with technology, fostering an
environment for continuous innovation and the production of
blockbuster content. We produce, aggregate and distribute a wide
variety of professionally produced content, or PPC, as well as a
broad spectrum of other video content in a variety of formats.
The Company distinguishes itself in the online entertainment
industry by its leading technology platform powered by advanced AI,
big data analytics and other core proprietary technologies. iQIYI
attracts a massive user base with tremendous user engagement, and
has developed a diversified monetization model including membership
services, online advertising services, content distribution, online
games, live broadcasting, IP licensing, talent agency, online
literature, etc.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. iQIYI
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including but not limited to statements about
iQIYI's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, further information regarding which is included in
the Company's filings with the Securities and Exchange Commission.
All information provided in this press release is as of the date of
the press release, and iQIYI undertakes no duty to update such
information, except as required under applicable law.
For further information, please contact:
Investor Relations
iQIYI, Inc.
+ 86 10 8264 6585
ir@qiyi.com
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SOURCE iQIYI, Inc.