PHOENIX, Oct. 26,
2023 /PRNewswire/ -- Moatable, Inc. (NYSE: MTBL)
("Moatable" or the "Company"), which operates two US-based SaaS
businesses, Chime Technologies Inc.© and Trucker Path Inc.©, today
announced that Mr. Lin Cong resigned
from the Company's Board of Directors, effective on October 23, 2023. Mr. Cong resigned for personal
reasons and not due to any disagreement with the Company on any
matter relating to the Company's operations, policies or practices.
The Company's Board of Directors has approved the appointments of
Ms. Rebecca Polak to replace Mr.
Lin Cong as director and Mr.
Michael Schifsky as interim Chief
Financial Officer, effective on October 26,
2023.
Ms. Rebecca Polak has provided
strategic leadership and vision for technology start-up companies,
focusing on improving go-to-market strategies, customer support,
and product offerings. She oversaw the corporate sales team at
CarLotz, leading to a substantial increase in consigned cars by
corporate consignors year-over-year. Furthermore, Ms. Polak has
played an instrumental role in public company boards, serving as
the Compensation Committee Chair of RumbleOn (NASDAQ: RMBL) and for
AAA Hoosier Motor Club. Ms. Polak's leadership will be instrumental
as she joins the Company's Board of Directors, taking on the role
of chair of the Compensation Committee and serving as a member of
the Audit Committee and the Corporate Governance and Nominating
Committee.
With a career spanning over three decades, Mr. Schifsky's career
highlights include overseeing SEC, Sarbanes-Oxley, NASDAQ, and NYSE
reporting. Mr. Schifsky has held key CFO positions in public and
private companies, including his tenure as CFO at Xhibit Corp, a
digital marketing and technology development company. Prior to his
role at Xhibit, he served as an independent consultant and interim
CFO for a range of companies, including Big Bear Mining Company and
MD Helicopter. His expertise in SEC reporting and operational
management and his proactive management style positions him as a
valuable asset to the Company's leadership team.
"On behalf of the Board of Directors, I would like to express my
gratitude to Mr. Cong for his time, dedication, and valuable
contribution to Moatable over the years," said Moatable's Chairman
and Chief Executive Officer, Mr. Joseph
Chen. "We are pleased to have named Ms. Rebecca Polak to join our Board of Directors and
Mr. Michael Schifsky as our interim
Chief Financial Officer. Both of them bring a wealth of expertise
and experience to our organization."
About Moatable Inc.
Moatable, Inc. (NYSE: MTBL) operates several US-based SaaS
businesses including Chime, Inc. and Trucker Path. Moatable's
American depositary shares, each of which currently represents
forty-five Class A ordinary shares, trade on NYSE under the symbol
"MTBL".
Forward-Looking Statements
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" and similar statements. Statements that are
not historical facts, including statements about Moatable's beliefs
and expectations, including statements on making investments and
operating businesses that generate long-term returns for investors,
and expectations for future growth and innovation 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: Moatable's goals and strategies; Moatable's future
business development, financial condition and results of
operations; Moatable's expectations regarding demand for and market
acceptance of its services; Moatable's plans to enhance user
experience, infrastructure and service offerings. Further
information regarding these and other risks is included in our
annual report on Form 10-K for the year ended December 31, 2022 and other documents filed with
the SEC. All information provided in this press release is as of
the date of this press release, and Moatable does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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SOURCE Moatable, Inc.