George Lai Joins DDC Enterprise's Board of Directors

DDC Enterprise Welcomes George Lai as New Board Member

DDC Enterprise, Ltd. (NYSEAM: DDC), known as "DayDayCook," has exciting news regarding its leadership team. The company has officially appointed George Lai as an independent member of its Board of Directors. This decision is aimed at strengthening the company's governance as it continues to grow in the competitive realm of Asian consumer food products.

George Lai’s Role and Responsibilities

In his new role, George will not only serve on the Board but also contribute to various Committees, including the Audit Committee, where he will take on the responsibilities of the designated financial expert and Chair. His extensive background in finance and accounting positions him as an invaluable asset in guiding DDC's strategic decisions.

Insights from Leadership

Norma Chu, the CEO and Chair of the Board of Directors, emphasized the significance of George's appointment, stating, "George brings a strong background in finance and accounting to our Board, with his CFO and Board experience with other public companies. His insights and experience will be invaluable as we continue to execute on our business strategy and build a world-class multi-brand Asian consumer food company."

George Lai’s Career Background

Before joining DDC, Mr. Lai served as the Chief Financial Officer of The9 Limited (NASDAQ: NCTY) since July 2008. His dual roles as CFO and board member since January 2016 equipped him with substantial expertise in overseeing financial management, especially in emerging sectors like Bitcoin mining and online gaming operations. George's leadership at The9 Limited involved managing intricate financial strategies and compliance, making him a fitting candidate for DDC's Board.

Expertise in the Financial Sector

George's professional journey includes significant experience working with Deloitte Touche Tohmatsu, where he honed his skills across various global offices, including Hong Kong, New York, and Beijing. His role at Deloitte enabled him to be part of pivotal IPO projects, supporting numerous public companies across the United States, Hong Kong, and China with a vast array of accounting matters. His solid educational foundation was laid at the Chinese University of Hong Kong, where he earned a bachelor’s degree in business administration, focusing on professional accountancy. With qualifications from AICPA, FCCA, and HKICPA, George's credentials further establish his capability to guide DDC towards achieving its goals.

About DayDayCook

DayDayCook is dedicated to sharing the joy of Asian cooking culture worldwide. The company offers a remarkable range of accessible, healthy, ready-to-eat, ready-to-cook, and ready-to-heat products aimed at satisfying a global audience. From its origins as a culinary content authority, DayDayCook has transformed into a multi-brand innovator, emphasizing the values of authenticity, nutrition, and convenience across a diverse product portfolio that includes DayDayCook, Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng. The company is committed to delivering top-notch culinary experiences and continuously evolves its offerings to meet consumer preferences.

Looking Ahead

With George Lai’s appointment, DDC Enterprise is poised to enhance its operational strategies and governance practices. The company’s leadership team believes that his presence on the Board will accelerate its vision of becoming a leading player in the Asian consumer food sector. As DDC continues to expand and innovate, shareholders and consumers alike look forward to the positive impact of George’s expertise on the company's future direction.

Frequently Asked Questions

Who is George Lai?

George Lai is the newly appointed independent member of the Board of Directors at DDC Enterprise, bringing extensive financial experience.

What role will George Lai serve on the Board?

George will serve as the designated financial expert and Chair of the Audit Committee while also participating in other Board Committees.

What experience does George Lai have?

George has significant experience as CFO of The9 Limited and has worked with Deloitte in various global locations, supporting numerous public companies.

What is the mission of DayDayCook?

DayDayCook aims to share Asian cooking culture by providing convenient and healthy food products that cater to a global palate.

How is DDC Enterprise positioned in the market?

DDC Enterprise is recognized as a leading multi-brand Asian food company, continually innovating and expanding its product offerings.

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