CHENGDU,
China, Feb. 28, 2025 /PRNewswire/ -- BGM Group
Ltd (NASDAQ: BGM) (the "Company" or "BGM") today announced changes
to its board of directors, marking the Company's entry into a new
phase of technological transformation and sustainable growth.
Mr. Zhanchang Xin has tendered his resignation and will step
down from his role as Chairman of the Company, effective
March 1, 2025. He will be succeeded
by Mr. Chen Xin, the current Chief
Executive Officer of the Company, who will assume the position of
Chairman.
As the founder of the Company, Mr. Zhanchang Xin has, over the
past six decades, has played a pivotal role in leading the Company
through numerous challenges and milestones, including its
successful listing on NASDAQ, laying a solid foundation for the
Company's development. At this critical juncture in the Company's
strategic transformation, Mr. Zhanchang Xin, with a clear vision of
the Company's future, has made the decision to step down. He
stated, "I made this decision after careful reflection. As the
Company enters a new phase of development, I believe this
transition is crucial to ensure that Company is positioned to
continue its trajectory of growth. I am confident that the younger
generation of leaders will bring innovative ideas and broad vision,
allowing the Company to navigate the next chapter of its growth
with renewed vigor."
Effective March 1, 2025, Mr.
Chen Xin will officially assume the
role of Chairman. Since becoming Chief Executive Officer in
May 2024, he has led and participated
in the acquisition project of Duxiaobao Intelligent Technology
(Shenzhen) Co., Ltd. and has
served as a member of its management committee, accumulating
extensive experience in market consolidation and corporate
management. Previously, he worked as an autonomous driving
algorithm engineer at Shenzhen DJI Innovation Technology Co., Ltd.
and Geely Automobile Research Institute. He has extensive
engineering experience in artificial intelligence algorithms and
data analytics. He holds a Bachelor's degree in Physics from
Sichuan University and a Master's
degree in Physics from the National University
of Singapore, with a focus on the intersection of Physics
and Machine Learning. His graduate research focuses on electron
microscopy image processing and three-dimensional protein molecular
structure prediction, bringing profound technological expertise and
cutting-edge ideas to the Company's technological
transformation.
Mr. Chen Xin stated, "I am deeply
honored by the trust and support from the Board to take on the role
of Chairman at such a critical time. As a member of this Company, I
have witnessed the extraordinary achievements under the leadership
of Mr. Zhanchang Xin. His wisdom and perseverance have provided a
solid foundation for our success, while his visionary decisions
have guided us into this exciting new phase."
"With the rapid development of technology, the Company faces
unprecedented opportunities and challenges. I will work closely
with the Board and all employees to drive the Company's
technological transformation and strategic upgrade, helping the
Company achieve higher goals in the global competition and create
greater value for our shareholders."
The Board of Directors also announces the appointment of Mr.
Lin Zhang as an independent
director, chairman of the compensation committee, and a member of
the audit committee and the nominating and corporate governance
committee, effective March 1, 2025.
taking over the position previously held by Mr. Ming Jing. Mr. Lin
Zhang has rich experience in AI model architecture design,
development, and mass production application. Since August 2023, he has served as the chief algorithm
engineer at Geely Automobile Research Institute, leading the deep
learning projects for intelligent driving planning models for
multiple mass-produced vehicle models. From May 2022 to July
2023, he worked as an algorithm engineer at Shanghai Yunji
Zhixing Intelligent Technology Co., Ltd., where he successfully led
the development of the multimodal trajectory prediction AI model
for the Robotaxi project and achieved remarkable results in
multi-agent interaction modeling in complex urban scenarios. He
holds a Ph.D. in Physics from the National
University of Singapore, with a focus on deep learning
network theory in artificial intelligence. He graduated with a
Bachelor's degree in Physics from Sichuan University. His expertise and
practical experience will provide strong support for Company A
Group's decision-making, helping the company navigate technological
waves and foster innovation. He holds a Ph.D. in Physics from the
National University of Singapore with
his doctoral research focusing on the theory of deep learning
networks in artificial intelligence. He graduated from Sichuan University with a Bachelor's degree in
Physics. His professional background and practical experience will
provide strong support for the decision-making of BGM Group and
help the Company navigate technological waves and foster
innovation.
This board reshuffle represents a key move for Company in
embracing the wave of technological transformation and achieving
strategic upgrades. The new leadership team is committed to
fostering innovation and professionalism, providing high-quality
decision-making for the company, accelerating the Company's
technological transformation, expanding its market presence, and
creating greater value for shareholders and the industry.
About BGM Group Ltd
BGM Group Ltd. has a strategic focus on the technology fields of
AI application, intelligent robots, algorithmic computing power,
cloud computing, and biopharmaceuticals.
In terms of AI application implementation, the group relies on
big data mining and AI Agent technology, and utilizes the two
platforms of Du Xiao Bao and
Bao Wang to provide comprehensive
and professional AI solutions and intelligent robot services for
insurance companies, insurance brokers, and consumers. Its services
cover multiple key scenarios such as sales and marketing,
underwriting assessment, claims processing, and customer service.
The group is capable of analyzing consumer data, building consumer
profiles, accurately predicting insurance needs, and providing
highly customized services for consumers.
In the field of biopharmaceuticals, the group's
biopharmaceutical division mainly produces oxytetracycline API,
crude heparin sodium, and licorice preparations, which are widely
supplied to the global animal husbandry, pharmaceutical, and drug
retail markets. The group deeply integrates AI-assisted
decision-making into every link of production and manufacturing,
achieving supply chain optimization, process efficiency
improvement, and market trend prediction. This provides scientific
decision-making basis for the management and offers high-quality
products and precise services for consumers.
Forward-looking Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
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SOURCE BGM Group Ltd
