DouYu Announces Changes to its Board of Directors and Management

WUHAN, China, Dec. 7, 2021 /PRNewswire/ -- DouYu International Holdings Limited ("Douyu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced changes to its board of directors and management. Mr. Wenming Zhang has tendered his voluntary resignation from his position as a director and co-chief executive officer of the Company due to personal reasons, effective as of December 7, 2021. Ms. Yang Deng has been appointed as a director on the Company's board of directors (the "Board"), effective as of December 7, 2021. In addition, Mr. Mingming Su, the Company's director and Chief Strategy Officer, will serve as a member of the Compensation, Nominating and Corporate Governance Committees of the Board, effective as of December 7, 2021.Ms. Yang Deng joined DouYu in August, 2015 as the Company's legal director and has served as vice president of legal affairs since February, 2017. Ms. Deng served as a senior in-house counsel at Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China from 2013 to 2015. Prior to that, Ms. Deng was a legal specialist with Xunlei Limited (Nasdaq: XNET), a leading innovator in shared cloud computing and blockchain technology in China. Ms. Deng received her bachelor's and master's degrees in computer science from Southeast University in China. She obtained her PRC legal and patent agent qualifications in 2008 and 2009, respectively.Mr. Shaojie Chen, Chairman of the Board and Chief Executive Officer of DouYu, commented, "On behalf of the Board and the Company, I would like to express our sincere gratitude to Wenming for his excellent services and valuable contributions to DouYu over the years. WeA wish him all the best in his future endeavors. At the same time, we are delighted to announce the appointment of Yang as a director and Mingming as a member of our compensation, nominating and corporate governance committees of the Board. As a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, we are committed to upholding the highest standards of corporate governance. With their new roles on the Board, we are confident that both Yang and Mingming will make valuable contributions to DouYu's development in the years to come."About DouYu International Holdings Limited
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