お知らせ • May 31
51Talk Online Education Group Announces Change to Board Composition 51Talk Online Education Group announced that its board of directors has appointed Mr. Jimmy Lai as an independent director, effective June 1, 2024. Mr. Jimmy Lai will also serve as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating and corporate governance committee of the Board. Effective May 31, 2024, Mr. Shengwen (Roy) Rong resigned as a director of the Company for personal reasons and stepped down as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating and corporate governance committee of the Board. The resignation of Mr. Shengwen (Roy) Rong did not result from any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies or practices. Mr. Lai currently serves as the chief financial officer of Kneron, a leading provider of full stack edge AI solutions company. Mr. Lai also serves as an independent director of several NYSE-listed companies, including Zepp Corporation and FinVolution Group. Mr. Lai served as the chief financial officer of 51Talk from June 2015 to December 2018. Prior to joining 51Talk in 2015, Mr. Lai served as the chief financial officer for several companies, including Chukong Technologies Corp., a leading mobile entertainment platform company in China, from 2013 to 2015, Gamewave Corporation, a leading webgame company in China, from 2011 to 2013, Daqo New Energy Corp., an NYSE-listed company and a leading polysilicon manufacturer based in China, from 2009 to 2011, Linktone Ltd., a Nasdaq-listed company and a leading provider of wireless interactive entertainment services to consumers in China, from 2008 to 2009 and Palm Commerce Holdings, a leading information technology solution provider for the China lottery industry, from 2006 to 2008. Prior to that, Mr. Lai served as an associate vice president of investor relations at Semiconductor Manufacturing International Corporation, a company listed on the NYSE and the Main Board of the Hong Kong Stock Exchange, from 2002 to 2006, and as a controller and director of financial planning at AMX Corporation from 1997 to 2001. Mr. Lai received his MBA from the University of Texas at Dallas and his bachelor's degree in statistics from the National Cheng Kung University in Taiwan. Mr. Lai is a certified public accountant licensed in the State of Texas. Recent Insider Transactions • Nov 30
Founder recently bought US$296k worth of stock On the 21st of November, Jiajia Huang bought around 38k shares on-market at roughly US$7.88 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jiajia has been a buyer over the last 12 months, purchasing a net total of US$724k worth in shares. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Roy Rong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 27
Founder recently bought US$937k worth of stock On the 20th of July, Jiajia Huang bought around 631k shares on-market at roughly US$1.48 per share. This was the largest purchase by an insider in the last 3 months. This was Jiajia's only on-market trade for the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Roy Rong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Jun 30
Founder notifies of intention to sell stock Jiajia Huang intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of June. If the sale is conducted around the recent share price of US$8.82, it would amount to US$882k. Since December 2020, Jiajia's direct individual holding has increased from 2.77m shares to 2.78m. There have been no trades via on-market transactions or options from company insiders in the last 12 months.