Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Chairwoman Lina Jiang is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 08
Baosheng Media Group Holdings Limited Announces Board and Committee Changes Mr. Yun Wu, an independent director of Baosheng Media Group Holdings Limited, a member of the audit committee, the compensation committee, and the nominating and corporate governance committee of the board of directors of the Company (the “Board”), and the chairman of the compensation committee of the Board, notified the Company of his resignation as a director for personal reasons, effective March 3, 2025. Mr. Wu’s resignation from the Board was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. On March 6, 2025, the Board appointed Mr. Jianhua Cheng as (i) an independent director, (ii) a member of each of the nominating and corporate governance committee, audit committee, and compensation committee of the Board, and (iii) the chairman of the compensation committee of the Board. The appointment intends to fill the vacancy created by Mr. Wu’s departure. The Company has determined that Mr. Cheng satisfies the “independence” requirements of the corporate governance rules of the Nasdaq Stock Market, LLC, and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The biographical information of Mr. Cheng. Cheng Jianhua, age 47, has a career in corporate administration and strategic management. From August 2000 to February 2003, he worked at China Railway 17th Bureau Group Third Company as an officer in the Publicity Department, where he was responsible for corporate branding and publicity. From March 2003 to June 2008, he served as a Senior Secretary at Beijing Haidian Science Park Construction Co. Ltd., overseeing executive document drafting and corporate culture promotion. From June 2008 to March 2018, he held the position of Chairman of the Trade Union and Supervisor at Beijing Haidian Science Park Construction Co. Ltd., managing trade union affairs. From March 2018 to February 2025, he worked as the Manager of the General Administration Department at Beijing Haidian Science Park Construction Co. Ltd., where he was responsible for corporate administration, safety, and branding management. Since July 2016, he has been serving as a Board Director at Beijing Taihe Jia Technology Co. Ltd. where he contributes to business decision-making and corporate strategic planning. Since January 2023, he has been the Legal Representative of Beijing Huashi Zhuoyue Education Technology Co. Ltd. He earned a Doctor of Philosophy in Business Administration in 2024 and a Master of Business Administration in 2022 from the Seoul School of Integrated Sciences & Technologies, and a Bachelor’s degree in Business Administration from Southwest Jiaotong University in 2009. Announcement • Dec 14
Baosheng Media Group Holdings Limited Announces Management Changes Baosheng Media Group Holdings Limited announced Mr. Kun Zhang, an independent director of the company, a member of the audit committee, the compensation committee, and the nominating and corporate governance committee of the board of directors of the Company, and the chairman of the compensation committee of the Board, notified the Company of his resignation as a director for personal reasons, effective December 6, 2023. Mr. Zhang’s resignation from the Board was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. On December 6, 2023, the Board appointed Mr. Yun Wu as an independent director, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee of the Board, and the chairman of the compensation committee of the Board. The appointment intends to fill the vacancy created by Mr. Zhang’s departure. Since January 2022, Mr. Wu has been serving as the general manager at Air CITC Information Technology (Beijing) Co. Ltd., where he is responsible for business management. From December 2014 to December 2021, Mr. Wu served as the co-founder and chief operating officer at Beijing Haitaoche Technology Co. Ltd., where he was responsible for the overall company management. Mr. Wu obtained his bachelor’s degree in Computer Science and Technology from Peking University in 1995, and his Master of Business Administration degree from the Guanghua School of Management at Peking University in 2001. Announcement • Sep 27
Baosheng Media Group Holdings Announces Management Changes Mr. Weitao Liang, an independent director of Baosheng Media Group Holdings Limited (the “Company”), a member of the audit committee, the compensation committee, and the nominating and corporate governance committee of the board of directors of the Company (the “Board”), and the chairperson of the nominating and corporate governance committee of the Board, notified the Company of his resignation as a director for personal reasons, effective September 15, 2022 (the “Resignation”). Mr. Weitao Liang’s resignation from the Board was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. On September 20, 2022, the Board appointed Mr. Guangyao Zhu as (i) a director, (ii) a member of each of the nominating and corporate governance committee, audit committee, and compensation committee of the Board, and (iii) the chairperson of the nominating and corporate governance committee of the Board. The appointment intends to fill the vacancy created by Mr. Weitao Liang’s departure. The Company has determined that Mr. Guangyao Zhu satisfies the “independence” requirements of the corporate governance rules of the Nasdaq Stock Market, LLC, and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. Since October 2021, Mr. Guangyao Zhu has served as the chairman at Beijing Mingdi Technology and Trade Development Co. Ltd., a company that invests in the business of landscaping, construction, and construction supplies. Since December 2018, Mr. Guangyao Zhu has served as the deputy secretary general at the artificial intelligence education special committee of the China Electronics Chamber of Commerce, where Mr. Zhu was primarily responsible for outreach activities of the special committee. From September 2017 to November 2018, Mr. Zhu served as the chairman at Beijing Kunyue Education Technology Co. Ltd., a company investing in Sino-foreign cooperative education and school-enterprise cooperative education, where Mr. Zhu was mainly responsible for overseeing the company’s daily operations and making strategic decisions for the company. From July 2013 to August 2017, Mr. Zhu served as the general manager at Beijing Senbin International Education Technology Co. Ltd., where he was responsible for managing the translation services, training services, and marketing activities of the company. Mr. Zhu obtained his bachelor’s degree in English from Beijing Foreign Studies University in 2003 and his master’s degree in international trade from the University of Murcia in Spain in 2022. Mr. Guangyao Zhu does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K. Announcement • Apr 02
Baosheng Media Group Holdings Limited, Annual General Meeting, Apr 29, 2022 Baosheng Media Group Holdings Limited, Annual General Meeting, Apr 29, 2022, at 08:00 China Standard Time. Agenda: To approve a share consolidation or reverse stock split, of the Company’s 100,000,000 ordinary shares, par value USD 0.0005 per share, in the Company’s issued and unissued share capital at a ratio of one-for-three and one fifth such that each 3.2 ordinary shares shall be combined into one ordinary share of the Company with a par value of USD 0.0016; To transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.