Management ChangeMay 18, 2026, 06:12 AM
Baosheng Media Group Announces Director Resignations and Appointments
AI Summary
Baosheng Media Group Holdings Ltd announced changes to its Board of Directors. Sheng Gong resigned as a director on May 12, 2026, and Jianhua Cheng resigned from his director and committee positions on May 13, 2026, both citing personal reasons with no disagreements with the company. Subsequently, Lei Cai was appointed as a director, and Jian Zhang was appointed as a director and to various committee roles, including chair of the Compensation Committee, effective May 13, 2026.
Key Highlights
- Sheng Gong resigned as a director on May 12, 2026, due to personal reasons.
- Jianhua Cheng resigned as a director and committee member on May 13, 2026, due to personal reasons.
- Lei Cai was appointed as a director on May 13, 2026, filling Mr. Gong's vacancy.
- Mr. Cai brings experience with NEEQ and Nasdaq-listed companies, capital markets, and corporate governance.
- Jian Zhang was appointed as a director, Audit Committee member, Compensation Committee chair, and Nominating and Corporate Governance Committee member on May 13, 2026, filling Mr. Cheng's vacancies.
- Mr. Zhang has experience in cross-border capital markets, corporate governance, and value management.
- Both new directors, Mr. Cai and Mr. Zhang, will receive nil annual cash compensation but will be reimbursed for expenses.
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