On May 28, 2025, Mr. Ming Liao departed from his position as an Independent Director at UP Fintech Holding Limited. The company stated that Mr. Liao's departure was due to personal reasons. His resignation was not the result of any disagreement with the company.
Mr. Liao's departure marks a change in the composition of UP Fintech's board of directors. Independent directors play a crucial role in corporate governance, providing oversight and independent judgment. The company will likely seek to fill this position to maintain its board structure.
This change is a routine update in board composition. The company's statement indicates a smooth transition without underlying disputes, which helps maintain stability in leadership perception.
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