SAIHEAT (SAITW) reshapes board with new independent directors and chair
Rhea-AI Filing Summary
SAIHEAT Limited reported board changes following the resignations of independent directors Heung Ming Henry Wong and Haotian Li on August 17, 2025, for personal reasons, stating there were no disputes or disagreements with the company, its board, or management.
Effective September 2, 2025, the board appointed Lulu Zhou as an independent director, chair of the Audit Committee, and member of the Nominating and Corporate Governance and Compensation Committees, and Junfei Ren as an independent director and member of the Nominating and Corporate Governance and Audit Committees. The board also appointed Jianwei Li as chair of the board and chair of the Compensation Committee.
The company determined that Ms. Zhou and Mr. Ren are independent under Securities and Exchange Commission and NASDAQ rules. They have no family relationships with current directors or executives and no related party transactions that would be reportable under Item 404(a) of Regulation S-K.
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FAQ
What board changes did SAIHEAT (SAITW) disclose in this 6-K filing?
SAIHEAT Limited reported that independent directors Heung Ming Henry Wong and Haotian Li resigned from the board and all its committees on August 17, 2025, and that new independent directors and a new board chair were appointed effective September 2, 2025.
Which SAIHEAT independent directors resigned, and what roles did they hold?
Heung Ming Henry Wong resigned as a director, chair of the Audit Committee, and member of the Nominating and Corporate Governance and Compensation Committees. Haotian Li resigned as a director, chair of the Compensation Committee, and member of the Audit and Nominating and Corporate Governance Committees.
Who were appointed to the SAIHEAT board to replace the resigning directors?
Effective September 2, 2025, SAIHEAT appointed Lulu Zhou as an independent director, chair of the Audit Committee, and member of the Nominating and Corporate Governance and Compensation Committees, and Junfei Ren as an independent director and member of the Nominating and Corporate Governance and Audit Committees. Jianwei Li was appointed chair of the board and chair of the Compensation Committee.
What reasons did SAIHEAT give for the resignations of Mr. Wong and Mr. Li?
SAIHEAT stated that the departures of Mr. Wong and Mr. Li were for personal reasons and were not due to any dispute or disagreement with the company, the board, management, or its operations, policies, procedures, or practices.
Are the newly appointed SAIHEAT directors considered independent?
Yes. The company determined that Lulu Zhou and Junfei Ren are independent under applicable rules of the Securities and Exchange Commission and NASDAQ.
Do the new SAIHEAT directors have any related party transactions or family ties with management?
SAIHEAT reported that there is no family relationship between each of Ms. Zhou and Mr. Ren and any director or executive officer, and that they have not engaged in any transaction that would be reportable as a related party transaction under Item 404(a) of Regulation S-K.