iQIYI Announces Change in Executive Leadership

Core Viewpoint - iQIYI, Inc. announces the resignation of Chief Financial Officer Jun Wang and the appointment of Ying Zeng as Interim CFO, highlighting a transition in leadership aimed at maintaining financial stability and continuity [1][2]. Group 1: Leadership Changes - Jun Wang has resigned as Chief Financial Officer effective immediately due to personal reasons, but will remain as an advisor until May 31, 2026, to ensure a smooth transition [1]. - Ying Zeng, previously Senior Vice President of Finance, has been appointed as the Interim Chief Financial Officer, bringing her extensive experience and familiarity with the company to the role [1][2]. - Dr. Yu Gong, CEO, expressed gratitude for Jun Wang's contributions in strengthening the company's capital structure and financial foundation [2]. Group 2: Background of Ying Zeng - Ying Zeng joined iQIYI in February 2017 and has served as Senior Vice President of Finance since January 2022 [4]. - Prior to her role at iQIYI, she worked at Baidu, Inc. as deputy director of budget control and financial analysis from June 2011 to February 2017 [4]. - Zeng holds a bachelor's degree in accounting from Wuhan University of Technology and a master's degree in professional accounting from Peking University [4]. Group 3: Company Overview - iQIYI, Inc. is a leading provider of online entertainment video services in China, combining creative talent with technology to foster innovation and produce blockbuster content [5]. - The company has developed a diversified monetization model that includes membership services, online advertising, content distribution, online games, and talent agency services [5]. - iQIYI distinguishes itself through its advanced technology platform powered by AI and big data analytics, contributing to a massive user base [5].