Gaotu Techedu Announces Changes in Board and Committee Composition | GOTU Stock News

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5 days ago
  • Gaotu Techedu (GOTU, Financial) has announced changes in its board composition effective April 22, 2025.
  • Mr. Ming Liao has resigned from his positions, and Mr. Hao Sun has been appointed as the new independent director.
  • Hao Sun, an AI expert and professor, fulfills all NYSE independence requirements.

Gaotu Techedu Inc. (GOTU), a leading technology-driven education company in China, announced significant changes to its board of directors, effective April 22, 2025. Mr. Ming Liao has tendered his resignation as an independent director due to personal reasons. Along with his directorship, Mr. Liao also stepped down from his roles on the audit committee, compensation committee, and as chair of the nominating and corporate governance committee.

To fill the vacancy, Gaotu Techedu has appointed Mr. Hao Sun as a new independent director. Hao Sun will assume all responsibilities previously held by Mr. Liao, including roles in the audit committee, compensation committee, and as chair of the nominating and corporate governance committee. Mr. Sun is a Tenured Associate Professor at Renmin University’s Gaoling School of Artificial Intelligence and brings valuable expertise in AI applications across various domains.

Mr. Sun holds a strong academic background with 80 peer-reviewed publications and several esteemed recognitions, such as Forbes' '30 Under 30' in Science. His appointment meets all necessary independence requirements as per the New York Stock Exchange’s Corporate Governance Rules and the Exchange Act, ensuring a seamless transition in board composition for GOTU.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.