SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2023
Commission File Number: 001-39302
UCLOUDLINK GROUP INC.
Unit 2214-Rm1, 22/F, Mira Place Tower A
132 Nathan Road, Tsim Sha Tsui
Kowloon, Hong Kong
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|UCLOUDLINK GROUP INC.|
|By :||/s/ Chaohui Chen|
|Name :||Chaohui Chen|
|Title :||Director and Chief Executive Officer|
Date: June 30, 2023
UCLOUDLINK GROUP INC. Announces Passing Away of an Independent Director
Hong Kong, June 30, 2023 – UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced with deepest sorrow that Mr. Onward Choi, an independent director of the Company, chairman of the Company’s audit committee, and member of the Company’s compensation committee and nominating and corporate governance committee, passed away on June 12, 2023.
Mr. Choi served as our independent director since June 2020. The board of directors (the “Board”) would like to express our greatest appreciation for Mr. Choi’s valuable contributions to the Company during his tenure of office and convey our sincere condolences to his family and friends.
The Company intends to maintain a four-person board with two independent directors. As at the date of this announcement, each of the Company’s audit committee, compensation committee and nominating and corporate governance committee comprises two members, Ms. Hope Ni and Prof. Ying Kong, both being the Company’s independent directors. The Board has determined that Ms. Hope Ni qualifies as an “audit committee financial expert” under Item 16A of Form 20-F and a financially sophisticated audit committee member under Rule 5605(c)(2)(A) of the Listing Rules of the Nasdaq Stock Market, and has appointed her as the chairperson of the Company’s audit committee, effective on June 30, 2023.
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.
For more information, please contact:
|UCLOUDLINK GROUP INC.|
|The Equity Group Inc.|
|Alice Zhang, Associate|
|Lucy Ma, Associate|
|Tel: +86 10 5661 7012|