GUANGZHOU, CHINA, Aug. 1, 2023
/PRNewswire/ -- HUYA Inc. (NYSE: HUYA) ("Huya" or the "Company"), a
leading game live streaming platform in China, today announced that Mr. Rongjie Dong has tendered his resignation from
his positions as a director, including his membership of the
nominating and corporate governance committee of the Company's
board of directors (the "Board") and as the Chief Executive Officer
("CEO") of the Company, for personal reasons, effective
August 7, 2023.
Meanwhile, the Board has approved the appointments of Huya's
Senior Vice President, Mr. Junhong
Huang, and Vice President of Finance, Ms. Ashley Xin Wu, to the positions of Acting
Co-CEOs, effective August 7, 2023, to
jointly assume the duties of CEO until a permanent CEO is
appointed. The Board is taking immediate measures and planning to
expedite the process of identifying a permanent CEO.
"On behalf of the Board, we would like to thank Mr. Dong for his
remarkable contributions in leading and developing Huya into a
preeminent player in China's game
live streaming market. We greatly appreciate Mr. Dong's invaluable
experience and achievements at Huya and wish him all the best in
his future endeavors," said Mr. Songtao
Lin, the Chairman of the Board. "We are also delighted to
have Junhong and Ashley serving as our Acting Co-CEOs for a smooth
transition. Their seasoned industry knowledge and managerial
capabilities will support Huya as we continue to unlock the
business potential ahead of us."
Mr. Lin continued, "Huya remains unswervingly committed to
serving the evolving needs of game enthusiasts, content creators,
and its partners across the game value chain. We are undertaking a
strategic transformation to expand our presence in the game
industry, exploring new opportunities that complement our
well-established user community and content ecosystem to drive
sustainable long-term business development. In doing so, we have
outlined a three-year plan with key objectives of driving a shift
in our commercialization roadmap by offering more game-related
services such as game distribution, in-game item sales, and game
advertising, while also optimizing content creators' income
structure to boost their financial rewards and better align our
content costs with our revenues. To support these goals, we will
proactively adjust various aspects of our business for a more
targeted allocation of internal resources. While this may cause
some volatility in our operating and financial metrics in the near
term, we are confident that our three-year plan to increase the
proportion of revenues from game-related services and achieve a
more balanced revenue mix across the value chain will strengthen
our fundamentals as a whole and empower our long-term growth."
Mr. Junhong Huang currently
serves as Senior Vice President of Huya. Previously, Mr. Huang
served as Vice President of Tencent
Cloud and has been responsible for the management and product
development of QQ, Tencent Docs, and
Tencent Cloud infrastructure products
since 2007. Mr. Huang received his master of science degree in
network engineering from the University of Paris VI (now Sorbonne
University) in 2007.
Ms. Ashley Xin Wu currently
serves as Vice President of Finance of Huya. She has been a leader
of Huya's finance department since 2017. Prior to joining Huya, she
served in various finance positions at JOYY Inc. from 2012 to 2017. Before that,
she worked as an assistant audit manager at KPMG Huazhen from 2007
to 2011. Ms. Wu received her bachelor's degree in accounting from
Sun Yat-sen University in 2007. Ms.
Wu is a Certified Public Accountant in the United States and a member of the Chinese
Institute of Certified Public Accountants.
About HUYA Inc.
HUYA Inc. is a leading game live streaming platform in
China with a large and active game
live streaming community. The Company cooperates with e-sports
event organizers, as well as major game developers and publishers,
and has developed e-sports live streaming as one of the most
popular content genres on its platform. The Company has created an
engaged, interactive and immersive community for game enthusiasts
of China's young generation.
Building on its success in game live streaming, Huya has also
extended its content to other entertainment content genres. Huya's
open platform also functions as a marketplace for broadcasters and
talent agencies to congregate and closely collaborate with the
Company.
Safe Harbor Statement
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. Among other things,
the business outlook and quotations from management in this
announcement, as well as Huya's strategic and operational plans,
contain forward-looking statements. Huya may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission ("SEC"), 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 Huya'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: Huya's goals and strategies; Huya's future business
development, results of operations and financial condition; the
expected growth of the game live streaming market; the expectation
regarding the rate at which to gain active users, especially paying
users; Huya's ability to monetize the user base; Huya's efforts in
complying with applicable data privacy and security regulations;
fluctuations in general economic and business conditions in
China; the impact of the COVID-19
to Huya's business operations and the economy in China and elsewhere generally; any regulatory
developments in laws, regulations, rules, policies or guidelines
applicable to Huya; and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in Huya's filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and Huya does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please
contact:
In China:
HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com
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SOURCE HUYA Inc.