Canaan Technology responds to personnel changes: Directors’ term of office expires, and the company does not have “gangs”

According to the Beijing Business Daily, after the internal conflict, Canaan Technology, the “first blockchain stock”, again welcomed major executive changes. In response to a series of personnel changes, Canaan Technology responded that the resignation is mainly due to the expiration of the term of the directors. The company does not have a “gang”. In terms of functions, Beijing is the R&D and sales center, while Hangzhou has undertaken part of the sales and After-sales service work. In terms of business, in the future, Canaan Technology’s business planning is still based on the current two core businesses of mining machines and AI. According to previous reports from Chain Wen, Canaan Technology issued an announcement yesterday stating that the company’s directors Kong Jianping and Sun Qifeng, independent directors Zhang Hong, Yang Xiaohu and Luo Mei’s term expired before the date. The announcement stated that all outgoing directors shall not seek new appointments after the expiration of their posts, nor shall they have the right to participate in the election of the company’s board of directors.