Renren Announces Changes in Board and Committee Compositions
July 27, 2020 at 06:00 am EDT
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Renren Inc. announced the appointment of a new independent director to its board of directors (the "Board"), Mr. Lin Cong, effective July 27, 2020. Mr. Tianruo Pu has concurrently resigned from his positions as a director of the Company and as a member of each of the three committees of the Board, effective July 27, 2020. Mr. Pu resigned for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. After the changes, the Board will continue to consist of five members, three of whom are independent directors. The audit committee will consist of Mr. Lin Cong and Ms. Hui Huang, with Mr. Cong as the chairman; the compensation committee will consist of Ms. Hui Huang and Mr. Lin Cong, with Ms. Huang as the chairwoman; and the corporate governance and nominating committee will consist of Mr. Lin Cong and Mr. Chuanfu Wang, with Mr. Cong as the chairman. Lin Cong has served as a vice president of 58.com Group since March 2017. Mr. Cong currently also serves as a director of Kaixin, Uxin Limited.
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