AKRON,
Ohio, April 14, 2023 /PRNewswire/ -- BIT Mining
Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or
"our company"), a leading technology-driven
cryptocurrency mining company, today announced the
resignation of Ms. Angel Yan Ki Wong
from the Company's Board of Directors (the "Board") due to personal
reasons, effective April 17, 2023.
Ms. Wong has confirmed that she has no disagreement with the Board
and there is no other matter relating to her resignation that needs
to be brought to the attention of the Company's shareholders.
The Company also announced the appointment of Dr. Heng
Henry Lu to the Board as an
independent director within the meaning of Section 303A of the NYSE
Listed Company Manual, and as the Chairman of the Audit Committee
of the Board, effective April 17,
2023. The Board has determined that Dr. Lu qualifies as an
"audit committee financial expert" as defined in Item 16A of Form
20-F of the U.S. Securities and Exchange Commission. Dr. Lu has
been a Managing Member of Nimbus 2020 LLC and a Venture
Partner of Sycamore Management Corporation ("Sycamore Ventures"), a
private equity and venture capital firm, since January 2019.
Prior to that, Dr. Lu was the Managing Director of China
Merchants Capital where he led buyout investments in healthcare and
selected industrial sector investments. Dr. Lu was a Partner and
Chief Representative of China, for
William Blair & Company, the
Chicago-headquartered investment
banking and asset management firm, from 2006 to 2011. Before that,
Dr. Lu worked at McKinsey & Company where he advised global and
regional companies on their growth and financial strategies.
Dr. Lu was a director and a member of the Audit Committee of
China Nepstar Chain Drugstore Ltd. from 2014 to 2016 and is
currently an independent director of Hong Kong Exchange-listed Hua
Lien International (Holding) Company Limited (director since
December 2017) and an independent
director and a member of the Audit Committee of China Automotive
Systems, Inc (director since July
2019). Dr. Lu holds a Ph.D. in Microbiology from
Columbia University and an MBA from the
University of Chicago Booth School of
Business.
"On behalf of the Board, I would like to thank Ms. Angel Yan Ki Wong for her great contributions to
the Company's growth over the past years," said Mr. Bo Yu,
Chairman of the Board. "At the same time, I am excited to welcome
Dr. Heng Henry Lu to the Company.
With our United States-based
operations, the U.S. market has become our primary strategic focus
as we move forward. We believe that Dr. Lu's solid and proven
experience in the U.S. market will benefit BTCM greatly in driving
long-term growth."
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven
cryptocurrency mining company, with a long-term
strategy to create value across the cryptocurrency
industry. Its business covers cryptocurrency mining,
mining pool, data center operation and mining machine
manufacturing. The Company owns the world's top blockchain browser
BTC.com and the comprehensive mining pool business operated under
BTC.com, providing multi-currency mining services including BTC,
ETC and LTC. The Company also owns a 7-nanometer
cryptocurrency mining machine manufacturer, Bee
Computing, enabling the Company's self-efficiency through vertical
integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited