CLOUDWALK(SH:688327) Ju Chao Zi Xun·2025-12-01 16:29Core Viewpoint - CloudWalk Technology has completed a board restructuring and senior management appointments, marking a new phase in its governance structure [1][4]. Group 1: Board Restructuring - The new board consists of non-independent directors Zhou Xi, Yang Hua, Li Jiwei, Li Xiaofeng, You Yu, and Liu Jun, along with independent directors Xu Xin, Gao Hui, and Zhao Peilin, all serving a three-year term [4]. - Zhou Xi has been elected as the chairman during the first meeting of the new board, which also established various specialized committees to enhance internal governance and decision-making mechanisms [4]. Group 2: Senior Management Appointments - Zhou Xi has been appointed as the general manager, with Yang Hua and Li Jiwei as deputy general managers; Yang Hua will also serve as the board secretary, and Gao Wei has been appointed as the CFO, all for a three-year term [5]. - The company’s nomination committee has reviewed the qualifications of the new senior management, confirming compliance with relevant laws and regulations [5]. Group 3: Business Focus and Financial Performance - CloudWalk Technology specializes in AI visual and cognitive solutions, focusing on smart finance and smart city applications, and aims to leverage advancements in AI models and computing infrastructure [5]. - For the first three quarters of 2025, the company reported revenue of 355 million yuan and a net loss of 310 million yuan, indicating ongoing financial challenges [6]. - Industry experts highlight the significant funding needs for AI companies in product development, computing power investment, and ecosystem building, emphasizing the importance of core technology competitiveness and cost control for future performance [6].