Ispire technology inc. announces appointment of jay yu as chief financial officer

Jie "jay" yu has a strong track record of excellence in public company accounting, and has served in the role of vice president of finance for ispire since june 2023 ispire also further streamlines operations by cutting an estimated $3.6 million in annual payroll in may 2025 ispire expects to also cut up to an additional $6.6 million in annual operating expenses over the next three months, for a total estimated annualized expense reduction of $10.2 million los angeles , may 15, 2025 /prnewswire/ --  ispire technology inc. ( nasdaq: ispr ) ("ispire," the "company," "we," "us," or "our"), an innovator in vaping technology and precision dosing, today announced the appointment of jie "jay" yu as the new chief financial officer of the company, effective immediately, following the departure of jim mccormick, the former chief financial officer of the company. ispire also announced that it continued to further streamline its overall operations as the company reduced its workforce and ended several contractor agreements, resulting in a reduction of $3.6 million in annual payroll in may 2025.
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