SHENZHEN, China, Oct. 31,
2024 /PRNewswire/ -- Big Tree Cloud Holdings Limited
("Big Tree Cloud" or the "Company") (NASDAQ: DSY) (NASDAQ: DSYWW),
a company devoted to the development, production, and sales of
personal care products and other consumer goods in China, today announced the following
changes in directors of the Company and members of the board
committees of the Company, each of which took effect on
October 31, 2024:
(a) the resignation of each
of Yifan He, Yanjie ZHU and Fengxin ZHANG (collectively, the
"Departing Directors") as an independent director of the Company
due to his/her personal reason;
(b) the appointment of each of Guo REN, Jiahe LIAO and
Munwah WAN (collectively, the "Additional Directors") as an
independent director of the Company;
(c) the appointment of each of the Additional Directors as a
member of the audit committee of the Company, with Jiahe LIAO
being appointed as the chairman and audit committee financial
expert;
(d) the appointment of each of the Additional Directors as a
member of the nominating and corporate governance committee
of the Company, with Munwah WAN being appointed as the
chairman;
(e) the appointment of each of the Additional Directors as a
member of the compensation committee of the Company, with Guo
REN being appointed as the
chairman;
The Departing Directors' resignations are not a
result of any disagreement with the Board and there is no matter
relating to his resignation that needs to be brought to the
attention of the shareholders of the Company.
The board of directors of the Company has determined that each
Additional Director meets the criteria for independence set
forth in Rule 10A-3(b)(1) under the Securities Act (subject to the
exemptions provided in Rule 10A-3(c) thereunder) and the rules and
regulations of Nasdaq Stock Market and/or the Securities and
Exchange Commission and will be determined and deemed to be an
independent director under the listing standards of Nasdaq Stock
Market.
About Big Tree Cloud
Big Tree Cloud is a consumer-oriented and mission-driven company
dedicated to the development, production and sales of personal care
products and other consumer goods in China. Founded in 2020, Big Tree Cloud is
committed to delivering high-quality products that cater to the
needs of modern, health-conscious, and independent consumers. Big
Tree Cloud's innovative approach and strong community engagement
set it apart in the industry, making it a trusted brand in the
personal care market.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or Big Tree Cloud's future financial or operating
performance. In some cases, you can identify forward looking
statements because they contain words such as "may," "will,"
"should," "expects," "plans," "anticipates," "going to," "could,"
"intends," "target," "projects," "contemplates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative
of these words or other similar terms or expressions that concern
Big Tree Cloud's expectations, strategy, priorities, plans or
intentions. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and there are risks that the predictions, forecasts,
projections and other forward-looking statements will not be
achieved. You should understand that a number of factors could
cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements, including the risks set forth
under "Risk Factors" in our Registration Statement on Form F-4 and
our other SEC filings. Big Tree Cloud cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Big Tree Cloud does not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based.
Investor Relations Contact
Ting Yan
Phone: +86 15986815865
Email: yanting@bigtreeclouds.com
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SOURCE Big Tree Cloud Holdings Limited
