JOYY Announces Leadership Transition

Core Viewpoint - JOYY Inc. has announced a leadership succession plan, with Ms. Ting Li taking over as Chairperson and CEO from Mr. David Xueling Li, who will remain on the Board to support ongoing business momentum [1][2]. Group 1: Leadership Transition - Ms. Ting Li has been appointed as Chairperson and CEO effective immediately, having served as Chief Operating Officer since 2016 and joined the Board in November 2023 [1][2]. - Mr. David Xueling Li emphasized the importance of this transition, stating that it is an optimal time for leadership change as the company is well-positioned for future growth [2]. Group 2: Strategic Vision - The company aims to diversify its revenue streams and seize new growth opportunities through robust localized operations and continuous innovation [2]. - Ms. Ting Li expressed commitment to nurturing JOYY's content and social entertainment ecosystems while reinforcing its market position [2]. Group 3: Company Overview - JOYY Inc. is a leading global technology company operating several social products, including Bigo Live, Likee, and Hago, and has created a vibrant user community worldwide [3]. - JOYY's American Depositary Shares (ADSs) have been listed on NASDAQ since November 2012 [3].