Cheetah Mobile Inc. announced changes to its Board of Directors effective immediately. The Board has appointed Ms. Ning Zhang, Mr. Tianyang Zhao and Dr. Yi Ma each as an independent director. Mr. Tianyang Zhao will become a member of the audit committee and the compensation committee of the Board. Ms. Ning Zhang will become the chairman of the compensation committee and a member of the nominating and corporate governance committee of the Board. The Board has also appointed Ms. Jie Xiao and Mr. Pin Zhou, who serve as the Company's Senior Vice Presidents, and Mr. Rui Hao, who serves as a Tencent Investment's Executive Director, each as a director of the Board. Meanwhile, Mr. Jun Lei has tendered his resignation as the Chairman and a member of the Board. Mr. Lei will remain as an advisor to Cheetah Mobile going forward. Mr. Fu Sheng, Cheetah Mobile's Chief Executive Officer, will succeed Mr. Lei as the Chairman of the Board. In addition, Mr. Yuk Keung Ng, Mr. Wei Liu, Mr. Ke Ding, and Mr. Jeffrey Zhaohui Li have resigned from their directorships of the Company. With the aforementioned changes, the Board now consists of eleven members, six of them are independent. The Board's audit committee, compensation committee, and nominating and corporate governance committee are composed entirely of independent directors. As of the date of this announcement, the Board's audit committee consists of Mr. Richard Weidong Ji, Mr. Michael Lingye Zuo, and Mr. Tianyang Zhao, and is chaired by Mr. Richard Weidong Ji. The Board's compensation committee consists of Ms. Ning Zhang, Mr. Michael Lingye Zuo, and Mr. Tianyang Zhao, and is chaired by Ms. Ning Zhang. The Board's nominating and corporate governance committee consists of Mr. Michael Lingye Zuo, Michael Jinbo Yao and Ms. Ning Zhang, and is chaired by Mr. Michael Jinbo Yao. Ms. Ning Zhang currently serves as the Founder and Chairman of Red Avenue Group. Red Avenue Group researches, produces, and invests in new materials through three business units: Red Avenue New Materials Group, Red Avenue Investment Group, and Red Avenue Foundation. Mr. Tianyang Zhao currently serves as the Chief Executive Officer of Beijing Shougang Fund, which he helped establish in 2010. Dr. Yi Ma currently serves as a Professor at the Electrical Engineering and Computer Sciences ("EECS") Department of the University of California at Berkeley. From 2014 to 2017, he was a Professor and the Executive Dean of the School of Information and Science and Technology, Shanghai Tech University, China. Ms. Jie Xiao has been senior vice president since November 2014, after having served as vice president since October 2010. Ms. Xiao is in charge of business development, marketing, and commercial products. Mr. Pin Zhou has been senior vice president since March 2018, after having served as advisor since March 1, 2015. Mr. Zhou is in charge of sales, strategic investment, human resources, and part of the Company's smart hardware business. Mr. Zhou has more than 18 years of experience in Internet industry, with extensive knowledge in product management and online advertising. Mr. Rui Hao currently serves as an Executive Director at Tencent Investment, focusing on Tencent's strategic investment and M&A activity in the areas of E-commerce, O2O ("Online-to-Offline"), and Retail. Mr. Hao was responsible for Tencent's strategic investments in JD.com, Meituan Dianping, VIPshop, 58.com and many others.