Kingsoft Cloud: Due to other work commitments, Lei Jun resigns from the positions of Chairman and Non-Executive Director.

On the evening of March 25, Kingsoft Cloud Holdings Limited (03896.HK, Kingsoft Cloud) announced that Lei Jun has resigned as a non-executive director due to other work commitments, effective March 25. Following his resignation as a non-executive director, he will also no longer serve as chairman, chairman of the nomination committee, and a member of the remuneration committee.

The announcement pointed out that Lei Jun has served as a non-executive director since the company’s establishment in 2012 and has been chairman since 2015. The board expresses its heartfelt gratitude to Lei Jun for his hard work and outstanding contributions to the group’s strategic planning, resource integration, and long-term development during his tenure, and wishes him continued success in his future endeavors.

In addition, Mr. Zou Tao, vice chairman of Kingsoft Cloud, has been appointed as chairman and chairman of the nomination committee, effective March 25.

The announcement shows that Zou Tao, 50, has been a director of the company since December 2016 and has served as acting chief executive officer since August 2022. Zou Tao joined Kingsoft Software Limited in 1998 and has held several senior positions within the Kingsoft Software Group.

According to the official website, Kingsoft Software was founded in 1988 and is one of the earliest internet software companies in China. Its main business lines currently include Kingsoft Office, Xishanju, Kingsoft Game, and Kingsoft Cloud. Kingsoft Office mainly involves the design, research and development, and sales promotion of WPS Office software products and services; Xishanju and Kingsoft Game engage in game development and operations; Kingsoft Cloud provides secure, reliable, stable, and high-quality cloud computing services.

Founded in 2012, Kingsoft Cloud is a well-known cloud service provider in China, with a business scope covering many countries and regions around the world. In May 2020, Kingsoft Cloud went public on NASDAQ in the United States; in December 2022, it completed a dual primary listing on the Main Board of the Hong Kong Stock Exchange by way of introduction. Leveraging Kingsoft Group’s 37 years of enterprise-level service experience, Kingsoft Cloud adheres to technology-driven principles, gradually building a complete cloud computing infrastructure and operational system. By organically integrating advanced technologies such as big data, artificial intelligence, and edge computing, it deeply cultivates industries and provides over 150 solutions applicable to the internet, public services, digital health, finance, and more, delivering high-quality cloud services to nearly 500 premium clients.

The financial report released on March 25 shows that Kingsoft Cloud’s revenue last year was 9.56 billion yuan, a year-on-year increase of 22.8%, and its net loss narrowed significantly from 1.979 billion yuan in 2024 to 943 million yuan.

As of the close of Hong Kong stocks on the 25th, Kingsoft Cloud rose 3.28%, closing at 7.55 Hong Kong dollars.