Canaan Inc. Announces Resignation of Chief Financial Officer
February 09 2021 - 6:00AM
Canaan Inc. (NASDAQ: CAN) (“Canaan” or the "Company"), a leading
high-performance computing solutions provider, today announced that
Mr. Quanfu Hong has resigned from the Chief Financial Officer
position, effective February 9, 2021, for personal reasons. Mr.
Tong He will become acting Chief Financial Officer immediately.
Mr. He has been the Company’s Director of
Finance since July 2020 and has extensive experience in finance and
accounting. Prior to joining the Company, Mr. He served as Chief
Financial Officer and assistant to the general manager at Diankeyun
(Beijing) Technology Co., Ltd, deputy chief financial officer at
IReader Technology Co Ltd. (SHSE: 603533), and Head of Business
Unit Finance at Lenovo Group Limited (HKSE: 0992). Mr. He obtained
a master degree in commerce finance in Australia.
Mr. Nangeng Zhang, Chairman and Chief Executive
of Canaan, commented, “Speaking on behalf of the Company and the
board, I would like to thank Mr. Hong for his valuable service and
contributions to the Company. We wish him the best for his future
endeavors. I would also like to thank Mr. He for accepting the
acting CFO role and continuing to provide us with his managerial
know-how. With his demonstrated expertise in accounting and
finance, Mr. He should be able to ensure a smooth transition and
move our operations continuously forward.”
About Canaan
Inc. Established in 2013, Canaan Inc. provides
high-performance computing solutions to efficiently solve complex
problems. In 2016, Canaan successfully initiated the production of
its first 16nm chip and passed the test to receive China's national
high-tech enterprise certification. In 2018, Canaan achieved major
technological breakthroughs to launch the K210, the world's
first-ever RISC-V-based edge artificial intelligence (AI) chip,
which is now widely used for access control in situations such as
smart door locks and more. Canaan Inc. is currently focused on the
research and development of advanced technology, including such
areas as AI chips, AI algorithms, AI architectures, system on a
chip (SoC) integration and chip integration. Using the AI chip as
its base, Canaan Inc. has established an intellectual value chain.
Canaan Inc. also provides a suite of AI service solutions and is
able to tailor these solutions to the needs of its
partners. For more information, please
visit: investor.canaan-creative.com.
Safe Harbor StatementThis
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” and similar statements. Among other things, the
business outlook and quotations from management in this
announcement, as well as Canaan Inc.’s strategic and operational
plans, contain forward−looking statements. Canaan Inc. may also
make written or oral forward−looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (“SEC”) on
Forms 20−F and 6−K, 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 statements about Canaan
Inc.’s beliefs and expectations, are forward−looking statements.
Forward−looking statements involve inherent risks and
uncertainties. 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 goals and strategies; the Company’s future business
development, financial condition and results of operations; the
expected growth of the Bitcoin industry and the price of Bitcoin;
the Company’s expectations regarding demand for and market
acceptance of its products, especially its Bitcoin mining machines;
the Company’s expectations regarding maintaining and strengthening
its relationships with production partners and customers; the
Company’s investment plans and strategies, fluctuations in the
Company’s quarterly operating results; competition in its industry
in China; and relevant government policies and regulations relating
to the Company and cryptocurrency. Further information regarding
these and other risks is included in the Company’s filings with the
SEC, including its registration statement on Form F−1, as amended,
and its annual reports on Form 20−F. All information provided in
this press release and in the attachments is as of the date of this
press release, and Canaan Inc. does not undertake any obligation to
update any forward−looking statement, except as required under
applicable law.
Investor Relations
ContactCanaan Inc.Mr. Shaoke
LiEmail: IR@canaan-creative.com
ICR Inc.Jack WangTel: +1 (347)
396-3281Email: canaan.ir@icrinc.com
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