Baijiayun Group Ltd. announced changes in its management and board of directors . Mr. Gangjiang Li has resigned as a member and chairman of the Board, a member and chairman of the compensation committee of the Board,for personal reasons, effective from January 22, 2024. Mr. Ching Chiu has resigned as a director of the Company for personal reasons, effective from the same date.

Their resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. Mr. Yi Ma, who currently serves as the president of the Company and a director of the Board, has been appointed as the Company's chairman of the Board to succeed Mr. Gangjiang Li, effective from January 22, 2024. Ms. Qiong Ni, the spouse of Mr. Gangjiang Li, and Ms. Xin Zhang, who currently serves as the secretary of the Board, have been appointed as new directors to serve on the Board, effective from January 22, 2024.

Following the foregoing changes, the Board currently consists of five directors, including Mr. Yi Ma, Ms. Qiong Ni, Ms. Xin Zhang, and two independent directors, including Mr. Erlu Lin and Mr. Chun Liu. In addition, the compensation committee of the Board currently consists of Ms. Qiong Ni and Mr. Yi Ma, with Ms. Qiong Ni as the chairman; and the nominating and corporate governance committee of the Board currently consists of Mr. Yi Ma and Ms. Xin Zhang, with Mr. Yi Ma as the chairman. The composition of the audit committee of the Board remains unchanged, i.e., with Mr. Erlu Lin and Mr. Chun Liu as members and Mr. Erlu Lin as the chairman.

Biographical information relating to the newly appointed directors is set out as follows. Ms. Qiong Nihas served as the general manager of JiaJia Holdings Co. Ltd. since March 2017, where she is mainly responsible for coordinating the investment and holding management and leading the operations and development at the headquarters level.

Ms. Ni received her bachelor's degree in environmental art and design from Donghua University in June 2003. Ms. Xin Zhang joined Baijiayun in July 2017 and has served as the secretary of the Board since January 2020. She is responsible for organizing and coordinating the Company's information disclosure, strengthening communications and coordination with the capital markets, and formulating affairs management policies.

Before joining Baijiayun, Ms. Zhang worked at the human resources department of Gaotu Techedu Inc. from September 2014 to May 2017, and served as the assistant to chief technology officer of Baidu Inc. from July 2011 to August 2014. Ms. Zhang received her bachelor's degree in network engineering from Dalian Minzu University in June 2011.