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DouYu Appoints Interim Management Committee Following CEO Arrest

DouYu International Holdings Limited (Nasdaq: DOYU) today announced the formation of an interim management committee following the arrest of its Chief Executive Officer and Chairman of the Board, Mr. Shaojie Chen. The committee, consisting of Mr. Mingming Su, a director and Chief Strategy Officer of the Company, Mr. Hao Cao, a director and Vice President of the Company, and Ms. Simin Ren, a Vice President of the Company, will manage the Company's operations until further notice.

The Board is confident that the Company will continue to maintain its normal operations under the leadership of the interim management committee. The management committee members' years of experience at the Company and in the industry will provide steady leadership while Mr. Chen focuses on his situation.

Ms. Simin Ren was also appointed as a Vice President of the Company, effective as of November 24, 2023. Ms. Ren joined the Company in June 2021 and has served as a vice president of the Company's PRC entities. Ms. Ren is responsible for the project management office ("PMO") department in charge of project management and business compliance, streamer management and content ecosystem. Ms. Ren received her bachelor's degree from the University of Manchester in June 2016, and her master's degree from the University of Warwick in November 2017.

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