Big tree cloud announced resignation and appointment of directors

Shenzhen, china , oct. 31, 2024 /prnewswire/ -- big tree cloud holdings limited ("big tree cloud" or the "company") (nasdaq: dsy) (nasdaq: dsyww), a company devoted to the development, production, and sales of personal care products and other consumer goods in china, today announced  the following changes in directors of the company and members of the board committees of the company, each of which took effect on october 31, 2024: (a) the resignation of each of yifan he, yanjie zhu and fengxin zhang (collectively, the "departing directors") as an independent director of the company due to his/her personal reason; (b) the appointment of each of guo ren, jiahe liao and munwah wan (collectively, the "additional directors") as an independent director of the company; (c) the appointment of each of the additional directors as a member of the audit committee of the company, with jiahe liao being appointed as the chairman and audit committee financial expert; (d) the appointment of each of the additional directors as a member of the nominating and  corporate governance committee of the company, with munwah wan being appointed as the chairman; (e) the appointment of each of the additional directors as a member of the compensation committee of the company, with guo ren being appointed as the chairman; the departing directors' resignations are not a result of any disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. the board of directors of the company has determined that each additional director meets the criteria for independence set forth in rule 10a-3(b)(1) under the securities act (subject to the exemptions provided in rule 10a-3(c) thereunder) and the rules and regulations of nasdaq stock market and/or the securities and exchange commission and will be determined and deemed to be an independent director under the listing standards of nasdaq stock market.
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