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Douyu announced the establishment of an interim management committee: to continue to maintain normal operation

2024-04-13 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com November 27, Douyu announced that the company's board of directors set up an interim management committee on November 24, 2023, composed of Su Mingming, director and chief strategy officer, Cao Hao, director and vice president of the company, and Ren Simin, vice president of the company. Prior to the establishment of the interim management committee, Chengdu police issued an announcement on November 22, 2023 confirming the arrest of Chen Shaojie, the company's chief executive and chairman of the board of directors. The interim management committee will manage the operation of the company until further notice.

Douyu pointed out in the announcement that the board of directors believes that under the leadership of the interim management committee, the company will continue to maintain normal operation. With years of experience in the company and industry, members of the management committee will provide stable leadership. At the same time, Chen Shaojie focused on his own situation.

In addition, Ren Simin was appointed Vice President of Douyu International, effective November 24, 2023. Ren Simin has been the vice president of Douyu's domestic company since June 2021, where he is responsible for project management and business compliance in the PMO department, as well as anchor management and content ecology.

CTOnews.com previously reported that Douyu's net profit in the second quarter was 61.4 million yuan, an increase of 161% over the same period last year, but total revenue was 1.392 billion yuan, down 24.1% from the same period last year and has been on a downward track for three consecutive years. So far, Douyu has not released his third-quarter results.

On October 25, Douyu announced that Douyu's closing price of American Depositary shares (ADS) was lower than the minimum purchase price of US $1 for the past 30 consecutive working days. If the stock price does not return above US $1 before April 22, 2024, it may face delisting.

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