Baijiayun Group Ltd. announced changes in its management. Mr. Gangjiang Li has resigned as the chief executive officer of the Company for personal reasons, effective from January 22, 2024. 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 chief executive officer to succeed Mr. Gangjiang Li, effective from January 22, 2024.