Cloud Music Inc. announced that at its AGM held on 15 June 2023, the shareholders approved appointment of Mr. Ran Wang as a non-executive director with effect from 15 June 2023. Mr. Ran Wang, aged 37, has been a non-executive director of Huitongda Network Co. Ltd. since November 2022, and has been an executive director of the strategic investment department of Alibaba Group Holding Limited since July 2018; since October 2021, he has been a director of Shanghai Baison Co.

Ltd. From May 2013 to July 2018, Mr. Wang served as the investment manager of Private Equity Asia Department of Morgan Stanley (China) Private Equity Investment Management Co. Ltd. from February 2012 to 2013, he served as an analyst of the Bank of China Group Investment Limited. Mr. Wang graduated from the University of Oxford with a master's degree in financial economics.