Annuncio • May 16
Baijiayun Group Ltd(OTCPK:RTCJ.F) dropped from NASDAQ Composite Index Baijiayun Group Ltd has been dropped from the Nasdaq Composite Index. Annuncio • Apr 11
Baijiayun Group Ltd, Annual General Meeting, Apr 25, 2025 Baijiayun Group Ltd, Annual General Meeting, Apr 25, 2025, at 10:00 China Standard Time. Location: 24f, a1 south building, no. 32, fengzhan road, yuhuatai district, nanjing China Annuncio • Mar 13
Baijiayun Group Ltd Announces Board and Committee Changes Baijiayun Group Ltd. announced a change in its board of directors (the "Board"). Mr. Erlu Lin tendered to the Board his resignation as an independent director of the Board and the chair and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Erlu Lin's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. Mr. Chun Liu tendered to the Board his resignation as an independent director of the Board and a member of the audit committee of the Board for personal reasons, effective from March 12, 2025. Mr. Chun Liu's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. The Board appointed Ms. Beiwen Zhu as an independent director of the Board and the chair and a member of the Audit Committee of the Board, effective from March 12, 2025. The Board appointed Mr. Mingjun Cai as an independent director of the Board and a member of the Audit Committee of the Board, effective from March 12, 2025. Upon the effectiveness of Mr. Erlu Lin's and Mr. Chun Liu's resignation and the appointment of Ms. Beiwen Zhu and Mr. Mingjun Cai, the Board consisted of five directors, including two independent directors. As a foreign private issuer, the Company is permitted to rely on home country practice under the Nasdaq Stock Market Rules with respect to its board and committee composition. Ms. Beiwen Zhu is experienced in corporate financial reporting and management. She has served as the finance director at Junxin Financing Lease (Shanghai) Co. Ltd. since April 2016. Ms. Zhu obtained her bachelor's degree in labor and social security from Shanghai Lixin University of Accounting and Finance.Mr. Mingjun Cai has over 20 years of experience in information technology and entrepreneurial management. Mr. Cai has served as the chairman and chief executive officer at Beijing Touken Technology Co. Ltd. since 2018. Prior to that, he was the technology director at CCIDNET.com in 2000 and at Sohu from 2003 to 2011. Mr. Cai was the chief technology officer at Shangruitong Network Technology Co. Ltd. from 2011 to 2013. Mr. Cai was the general manager of Sohu News from 2013 to 2018. Mr. Cai obtained his bachelor's degree in mechatronics engineering from Beijing Institute of Technology. Annuncio • Jan 17
Baijiayun Group Ltd Announces Its Winter Product Upgrade Baijiayun Group Ltd. announced that Duanxunbao, its flagship product, has received a major upgrade this winter. After the upgrade, the live - streaming large - screen function supports the real - time display and monitoring of live - streaming data. With a rich and cool data visualization large screen, it can display real - time data such as live - streaming popularity and purchases. The data is updated in real - time, ensuring that staff can obtain real - time information and business dynamics promptly, which is convenient for adjusting and optimizing the business. The real - time display of the live - selling effect is conducive to creating a live - streaming atmosphere and promoting team collaboration. The two major modules of [Viewing Data] and [Marketing Data] have been upgraded. Centered around the statistics of live - streaming room traffic and transaction situations, they cover key indicators such as the cumulative number of viewers, the proportion of average viewing time, the total number of orders, the number of user transactions, the click - to - conversion rate, and the number of coupon redemptions. This can help knowledge monetizers deeply understand the interests and retention of the audience, facilitate the assessment of customer intentions and follow - up strategies, and is beneficial for in - depth user development. Enterprises can flexibly configure payment methods according to business scenarios. Customers can choose to pay via Alipay within the WeChat ecosystem, which effectively improves the user shopping experience. In addition, the association logic between live - streaming and coupons has been optimized. After the upgrade, even when the live - streaming status is "in progress" or "not started", the product coupons created in the background can be automatically synchronized to the live - streaming, eliminating the need for manual operation. This greatly reduces the workload of live - streaming staff and improves the efficiency of live - streaming operations. More importantly, it supports the editing of drainage settings for completed live - streams. Enterprises can modify the payment jump switch, guiding titles and descriptions, invitation QR codes, enabling them to adjust marketing and promotion strategies in a timely manner according to the live - streaming effect and market feedback. Annuncio • Dec 20
Expand the Boundaries of Technology and Service, Baijiayun's "DuanXunBao" Ushered in a Winter Refresh and Upgrade Baijiayun Group Ltd. announced it's "DuanXunBao" has usher in a winter refresh and upgrade recently. Recently, Duanxunbao, a new-generation knowledge delivery tool under Baijiayun, has undergone meticulous refinement and a comprehensive upgrade, and has recently launched a series of innovative features. These features not only cover intelligent live streaming templates, quick chat scripts, virtual user assistance, optimization of live streaming field control, etc., but also completed important updates in private domain traffic operation, helping knowledge monetizers build a more efficient, interactive and personalized online learning environment. In the latest version, Baijiayun has introduced the live streaming template messages and commonly used quick chat scripts feature. This innovation has greatly enhanced the interactivity of live streaming. The message templates can set the commonly used chat scripts during the start, in the middle, and before the end of the live stream into different templates. When it reaches the corresponding live stream start node, only need to click the mouse lightly, and can quickly select and send carefully designed messages from the preset templates. The launch of this feature has directly shortened the preparation time of teaching assistants, improved the coherence and professionalism of live stream content, and also significantly increased the audience's interaction frequency and purchase intention. To further improve the user experience, DuanXunBao has carried out a comprehensive renovation of the UI interface on the teaching assistant's live streaming field control end. The renovated interface is more concise and clear, reducing the user's operation steps and enabling teaching assistants to complete various tasks more efficiently during the live streaming process. Annuncio • Dec 11
Baijiayun Group Ltd Upgrades the BRTC HarmonyOS SDK Baijiayun Group Ltd. announced it has recently upgraded the BRTC HarmonyOS SDK. Baijiayun closely follows the industry technology trend and has recently upgraded the BRTC HarmonyOS SDK to provide customers with stronger audio and video technology support. While promoting the development of the HarmonyOS ecosystem, Baijiayun also provides more comprehensive and professional support for enterprise digital transformation and audio-video technology progress. It is reported that in this upgrade, Baijiayun has independently developed the BRTC HarmonyOS SDK for the Huawei operating system ecosystem, enabling users to easily achieve running the DEMO in one minute and integrating the SDK in one minute. Simply register and activate the BRTC service, and application development can be realized with one's own Huawei developer account and a real device that has been updated to the HarmonyOS NEXT version. Baijiayun can provide API combinations that can be flexibly combined, including dozens of types of API services such as room interfaces, more than ten types of audio and video related interfaces, screen sharing related interfaces, event callback interfaces, and device management interfaces, providing high-quality real-time audio and video communication functions from mobile to mobile and from mobile to Web. As an audio and video technology service provider, Baijiayun has always focused on technology iteration and update and has an irreplaceable advantage in the development support module. The quickly launched BRTC HarmonyOS SDK this time is to provide timely, high-quality, and in-depth services for more enterprises with development capabilities. In the future, Baijiayun will also launch more innovative products and solutions adapted to HarmonyOS to provide solid and reliable technical support and services for more enterprises in the ecosystem and help achieve digital transformation and innovative development in the entire industry. Annuncio • Nov 26
Baijiayun Group Ltd. Completes Autumn Upgrade of DuanXunBao Baijiayun Group Ltd. announced it has completed autumn upgrade of "DuanXunBao". Recently, the new-generation knowledge delivery tool, "DuanXunBo", has completed its autumn refresh and upgrade. "DuanXunBio" is a lightweight yet feature-rich product launched by Baijiayun, a US-listed company. Based on the model of training camps (short-term series of courses), it enables clients to build a knowledge payment platform with just one click and achieve high-quality online classroom delivery in the forms of live broadcastcasts, video-on-demand, etc., providing convenient ways for knowledge monetizers to create teaching platform and meeting their needs in multiple scenarios such as online teaching, user attraction, marketing conversion, commercial monetization, and brand promotion. From the comprehensive optimization of the distribution function to the seamless connection of storefront business and then to the real-time monitoring of back-end data, this upgrade of "Duan XunBao" has provided more efficient and convenient operation solutions for knowledge monetizers. By this upgrade, distributors can obtain their exclusive live broadcast promotion links in the C-end stores. This mechanism effectively tracks customers' purchasing behaviors and enables timely adjustments to sales strategies, effectively promoting the growth of product sales. In the brand-new version of "DuanXun Bao", data management and analysis have become another important upgrade direction. Knowledge monetizers can view the order status of different stores and different products in real time in the back-end, so as to better manage inventory. The realization of this function helps stores accurately grasp market dynamics and provides a powerful basis for subsequent inventory adjustments. Annuncio • May 22
Baijiayun Group Ltd has withdrawn its Follow-on Equity Offering. Baijiayun Group Ltd has withdrawn its Follow-on Equity Offering.
Security Name: Class A ordinary share
Security Type: Common Stock
Securities Offered: 1,867,995 Recent Insider Transactions • May 17
Insider recently bought US$496k worth of stock On the 10th of May, Gangjiang Li bought around 400k shares on-market at roughly US$1.24 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annuncio • May 01
Baijiayun Group Ltd, Annual General Meeting, May 29, 2024 Baijiayun Group Ltd, Annual General Meeting, May 29, 2024, at 10:00 China Standard Time. Location: 24F, A1 South Building, No. 32 Fengzhan Road Yuhuatai District Nanjing China Agenda: To consider and approve as an ordinary resolution, to elect each of Ms. Qiong Ni and Ms. Xin Zhang as a director of the Company in accordance with the third amended and restated memorandum of association and second amended and restated articles of association (the “Existing M&AA “) of the Company; to consider and approve as an ordinary resolution, to approve and ratify the appointment of Shandong Haoxin Certified Public Accountants Co., Ltd. (“Shandong Haoxin”) as the independent registered public accounting firm for the Company for the fiscal year ended June 30, 2023 and to authorize the board of directors (the “Board”) of the Company to fix its remuneration; and to consider other business matters. Annuncio • Mar 20
Baijiayun Group Announces Receipt of Nasdaq Notice Baijiayun Group Ltd. (‘Baijiayun’ or the ‘Company’) announced that it received a notification letter dated March 14, 2024 (the ‘Notification Letter’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the ‘Nasdaq’), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules as the closing bid price of the Company's Class A ordinary share (the ‘Share’) has been below USD 1.00 per Share for a period of 30 consecutive trading days. The Notification Letter has no immediate impact on the Company's listing on the Nasdaq Global Market. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until September 10, 2024 (the ‘Compliance Period’), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Share is at least USD 1.00 for a minimum of 10 consecutive trading days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company does not regain compliance by September 10, 2024, the Company may be eligible for additional time to regain compliance. To qualify, the Company must apply for a transfer to the Nasdaq Capital Market and meet the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of bid price requirement, of the Nasdaq Capital Market, and provides written notice to Nasdaq of its intention to cure the deficiency. The Company intends to monitor the closing bid price of its Shares and will continue to consider its available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company is currently in compliance with all other Nasdaq continued listing standards. The Notification Letter does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements or contractual obligations. Reported Earnings • Mar 15
First half 2024 earnings released: US$0.20 loss per share (vs US$0.063 profit in 1H 2023) First half 2024 results: US$0.20 loss per share (down from US$0.063 profit in 1H 2023). Revenue: US$30.5m (down 25% from 1H 2023). Net loss: US$18.8m (down US$22.3m from profit in 1H 2023). New Risk • Feb 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$76.1m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Minor Risks Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (US$76.1m market cap). Board Change • Feb 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Erlu Lin is the most experienced director on the board, commencing their role in 2022. Independent Director Chun Liu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Jan 30
Baijiayun Releases the New Generation Knowledge Delivery Tool "Duanxunbao" BaiJiaYun has released the new generation knowledge delivery tool "DuanXunBao", providing services such as personal IP monetization and knowledge-based payments. With the development of economy and technology, a large number of new business models and patterns have emerged in recent years. In today's "knowledge-intensive, intellect-intensive" society, continuous learning has become an essential part of solving survival problems and achieving personal development for working professionals. Knowledge-based payments, short-term skill courses, and online training camps have gradually become important means to enhance personal value. At the same time, new production and collaboration relationships have been fostered. The cloud economy, online education, and co-working have brought new developmental opportunities to young people. Consequently, there has been a surge in the number of people seeking side hustles and embarking on individual entrepreneurial journeys. BaiJiaYun's CEO, Ma Yi, stated that the company started with educational live streaming and has a decade of service experience in the online teaching interaction scene. During this period, the company also helped many clients seize various industry opportunities in private domain management and live streaming. As a new generation knowledge delivery tool, "DuanXunBao" addresses the pain points of freelance entrepreneurship, personal IP monetization, and knowledge-based payments, making the management of education more efficient and simpler. Ma Yi hopes that this product will enhance operational efficiency for more clients and allow more people to enjoy the new experiences and values of knowledge consumption. Annuncio • Jan 23
Baijiayun Group Ltd Announces Board Changes Baijiayun Group Ltd. announced changes in its management and board of directors . Mr. Gangjiang Li has resigned as a member and chairman of the Board, a member and chairman of the compensation committee of the Board,for personal reasons, effective from January 22, 2024. Mr. Ching Chiu has resigned as a director of the Company for personal reasons, effective from the same date. Their resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. Mr. Yi Ma, who currently serves as the president of the Company and a director of the Board, has been appointed as the Company's chairman of the Board to succeed Mr. Gangjiang Li, effective from January 22, 2024. Ms. Qiong Ni, the spouse of Mr. Gangjiang Li, and Ms. Xin Zhang, who currently serves as the secretary of the Board, have been appointed as new directors to serve on the Board, effective from January 22, 2024. Following the foregoing changes, the Board currently consists of five directors, including Mr. Yi Ma, Ms. Qiong Ni, Ms. Xin Zhang, and two independent directors, including Mr. Erlu Lin and Mr. Chun Liu. In addition, the compensation committee of the Board currently consists of Ms. Qiong Ni and Mr. Yi Ma, with Ms. Qiong Ni as the chairman; and the nominating and corporate governance committee of the Board currently consists of Mr. Yi Ma and Ms. Xin Zhang, with Mr. Yi Ma as the chairman. The composition of the audit committee of the Board remains unchanged, i.e., with Mr. Erlu Lin and Mr. Chun Liu as members and Mr. Erlu Lin as the chairman. Biographical information relating to the newly appointed directors is set out as follows. Ms. Qiong Nihas served as the general manager of JiaJia Holdings Co. Ltd. since March 2017, where she is mainly responsible for coordinating the investment and holding management and leading the operations and development at the headquarters level. Ms. Ni received her bachelor's degree in environmental art and design from Donghua University in June 2003. Ms. Xin Zhang joined Baijiayun in July 2017 and has served as the secretary of the Board since January 2020. She is responsible for organizing and coordinating the Company's information disclosure, strengthening communications and coordination with the capital markets, and formulating affairs management policies. Before joining Baijiayun, Ms. Zhang worked at the human resources department of Gaotu Techedu Inc. from September 2014 to May 2017, and served as the assistant to chief technology officer of Baidu Inc. from July 2011 to August 2014. Ms. Zhang received her bachelor's degree in network engineering from Dalian Minzu University in June 2011. Annuncio • Nov 19
Baijiayun Receives Nasdaq Notification Regarding Late Filing of 2023 Annual Report Baijiayun Group Ltd. (the ‘Company’) announced that it received a notification letter dated November 16, 2023 (the ‘Notification Letter’) from Nasdaq Listing Qualifications (‘Nasdaq’), stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) since the Company did not timely file its annual report on Form 20-F for the fiscal year ended June 30, 2023 (the ‘2023 Annual Report’). Pursuant to the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notification Letter, or until January 16, 2024, to submit a plan to regain compliance (the ‘Compliance Plan’). If Nasdaq accepts the Compliance Plan, it may grant the Company an exception until April 29, 2024 to regain compliance. If Nasdaq does not accept the Compliance Plan, the Company will have the opportunity to appeal that decision to a hearing panel under Nasdaq Listing Rule 5815(a). The Notification Letter has no immediate effect on the listing of the Company's Class A ordinary shares on Nasdaq. The Company is working diligently to file the 2023 Annual Report as soon as practicable. The Company expects either to file its 2023 Annual Report or submit the Compliance Plan within the prescribed 60-day period. Annuncio • Nov 01
Baijiayun Group Ltd announced delayed 20-F filing On 10/31/2023, Baijiayun Group Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC. Annuncio • Oct 18
Baijiayun Group Ltd Announces CFO Changes Baijiayun Group Ltd. announced a change in its management. Mr. Yong Fang has tendered his resignation as the chief financial officer of the Company, effective from October 16, 2023. Mr. Fang's resignation was due to personal reasons, and did not result from any disagreement nor dispute with the Company, its management, board of directors (the "Board") or any committee of the Board, on any matter relating to the Company's operations, policies or practice. The Board has accepted Mr. Fang's resignation and appointed Ms. Fangfei Liu as its chief financial officer, effective from the same date. Biographical information relating to Ms. Fangfei Liu is set out as follows.Ms. Liu has served as financial director since June 2023. Before joining us, Ms. Liu served in various positions with prestigious companies. She worked for China Finance Online Co. Limited, a previously Nasdaq-listed company, as the financial director from December 2017 to June 2023 and as a financial reporting supervisor from March 2014 to March 2015. She served as a financial analysis and financial reporting manager at MOGU Inc. from March 2015 to December 2017. Ms. Liu also served as a financial reporting specialist at JD.com Inc. from January 2013 to March 2014. She accumulated abundant experiences in financial and operational planning and analysis, budget management, capital operations, risk management and control, and tax planning. Ms. Liu received her bachelor's degree in accounting from Dongbei University of Finance and Economics in 2009, and a master's degree in accounting from Cleveland State University in 2012. Ms. Liu is a Certified Public Accountant in the United States and a holder of The Chartered Global Management Accountant (CGMA(R)) designation. Annuncio • Sep 01
Baijiayun Group Ltd Launches Cutting-Edge Generative Ai Large Language Model Product Questwave Baijiayun Group Ltd. announced the launch of its state-of-the-art large language model ("LLM") product "Questwave" for artificial intelligence generated content ("AIGC") across a wide range of application scenarios. Questwave is a powerful one-stop AIGC platform with a suite of applications that include LLM AI-driven customer service, formal document drafting, personal AI assistant, digital human interactive live streaming, and marketing content support. This initiative underscores Baijiayun's commitment to driving technological innovation for global users and reflects its growth strategy to facilitate enterprise customers' digital transformation leveraging AI and video technologies. Potential uses for Questwave span various sectors including smart cities, communities, education, the industrial sector, safety supervision, agriculture, and even petrol stations. With a keen focus on data security, Questwave boasts a robust infrastructure integrating data security audit, backup, and restoration systems to visualize data monitoring and enhance privacy protection and confidentiality. Questwave incorporates numerous access portals to various customers' AIGC platforms, and significantly reduces coding needs by streamlining intricate processes from application development and management to usage statistics collection, model management, and fee calculation. This acceleration in product launch not only saves time but also increases agility for prompt responses to evolving market demands. Furthermore, Questwave fosters knowledge sharing and collaboration within enterprises by facilitating the aggregation, management, and distribution of their knowledge database. This feature encourages interdepartmental collaboration, enabling enterprises to drive innovation and success by leveraging collective wisdom and expertise. Questwave is bolstered by LLMs derived from foundation models and keen to comply with China's information technology application innovation policy. The platform is engineered to interface with various hardware, software, and operating systems, assuring a seamless and secure integration process for businesses and governments of all scales. Moreover, Questwave offers the flexibility for customized private deployments, ensuring that the platform aligns precisely with each customer's unique in-house requirements. This not only enhances user experiences, but also reduces additional maintenance costs. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annuncio • Jun 23
Baijiayun Group Ltd Launches First Artificial Intelligence Generated Content Solution MarketingEase to Enterprise Customers in China Baijiayun Group Ltd. unveiled its first artificial intelligence generated content (AIGC) solution MarketingEase, to significantly enhance the marketing efficiency of enterprise customers in China. Baijiayun announced its new product launch via a virtual live event combining AI technology with a sense of immersion in the real world on June 20, 2023. During the event, Mr. Yi Ma, President of Baijiayun, stated that the Company is repositioning its brand as a one-stop AI video solution provider. MarketingEase delivers the power and insights previously available to very large enterprises with sophisticated marketing, IT, and data science teams and makes that accessible to a wide range of enterprises at an affordable cost. It employs the industry's first LLM engine with a generative pre-trained transformer (GPT) tailored to the needs of comprehensive marketing programs. MarketingEase offers six major functional modules, including copy generation, content distribution, dissemination analysis, public opinion monitoring, knowledge database, and experience center. The in-house developed GPT technology quickly generates high-quality marketing content suitable for various scenarios, such as posts on WeChat public accounts, Xiaohongshu (Little Red Book) and other social media platforms, work emails, and video scripts. Content can be published instantly with single click dissemination. MarketingEase stands apart from both traditional market solutions and general-purpose generative AI platforms because it: Supports multi-modal and cross-modal public opinion monitoring to accurately identify and capture hotspots and trends of public opinion in real-time, so enterprises can grasp the market's pulse and make timely strategic messaging adjustments. Provides intelligent content dissemination analysis to quantify the effectiveness of content dissemination across various channels. Enterprises can optimize their marketing strategies and improve the return on investment by monitoring content's reach, engagement, and conversion rates. Acting as an AI assistant, the knowledge database module provides users with a comprehensive knowledge library to access accurate and reliable information relating to marketing, advertising, and industry trends to enhance decision-making and professional competence. Equips users with interactive and personalized tutorials to guide them in utilizing the various features and maximizing the product's value. Caters to the diverse needs of enterprises with flexible subscription plans, i.e., SaaS-based subscriptions and customized private deployments. The product is particularly suitable for small and medium-sized enterprises that have been priced out of the market. Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Erlu Lin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Jan 19
Baijiayun Group Ltd, Annual General Meeting, Feb 20, 2023 Baijiayun Group Ltd, Annual General Meeting, Feb 20, 2023, at 10:00 China Standard Time. Location: 24F, A1 South Building, No. 32 Fengzhan Road, Yuhuatai District, Nanjing, China Ya'an China Agenda: to re-elect each of Mr. Gangjiang Li, Mr. Yi Ma, Mr. Chun Liu and Mr. Erlu Lin as a director of the Company in accordance with the third amended and restated memorandum of association and second amended and restated articles of association of the Company; to approve and ratify the appointment of MaloneBailey, LLP as the independent registered public accounting firm for the Company for the fiscal year ending June 30, 2023 and to authorize the board of directors (the "Board") of the Company to fix its remuneration; and to transact such other business which may properly come before the 2022 Annual General Meeting or any adjournment thereof. Board Change • Jan 03
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Lin Erlu is the most experienced director on the board, commencing their role in 2022. Independent Director Liu Chun was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
