DDC Enterprise (DDC) Appoints George Lai to its Board

DDC Enterprise, Ltd. (NYSE: DDC) today announced that it has appointed George Lai as an independent member of the Board of Directors. George was also appointed to serve on each Committee of the Board of Directors, including the Audit Committee where he will serve as the designated financial expert and Chair. George replaces Ms. Wei Qiao who resigned from the Board on November 30, 2024.

“George brings a strong background in finance and accounting to our Board, with his CFO and Board experience with other public companies,” commented Norma Chu, CEO and Chair of the Board of Directors. “George’s 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.”

Mr. Lai has been the Chief Financial Officer of The9 Limited (NASDAQ: NCTY) since July 2008 and a member of its board of directors since January 2016. The9 Limited is engaged in Bitcoin mining and online games operation businesses. He has been overseeing The9 Limited’s Bitcoin mining businesses and in charge of the Bitcoin financial management for The9 Limited. Currently, he also serves as an independent non-executive director and the chairman of the compensation committee of Qingdao Port International Co., Ltd. (SEHK: 06198). Prior to that, Mr. Lai worked for Deloitte Touche Tohmatsu since 2000. Mr. Lai worked in several different Deloitte offices, including Hong Kong, New York and Beijing. During his eight years at Deloitte, Mr. Lai played key roles in the audit function in a number of IPO projects in the United States and China. He also assisted public companies in the United States, Hong Kong and China with a wide range of accounting matters. Mr. Lai received his bachelor of business administration, with a focus in professional accountancy, from the Chinese University of Hong Kong. Mr. Lai holds various accounting professional qualifications, including from AICPA, FCCA and HKICPA.

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