---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-075725"
form_type: "8-K"
ticker: null
cik: "0001556266"
company_name: "BAIYU Holdings, Inc."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:41:11.383638+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TD Holdings appoints new CFO and COO after CFO resignation

## Summary
- CFO Tianshi (Stanley) Yang resigned effective Sept 11, 2023; not due to any disagreement with company.
- Board appointed Wenhao Cui as CFO and director, effective Sept 11; annual salary $30,000.
- Board appointed Ge Ouyang as COO, effective Sept 11; annual salary $42,000.
- New CFO previously finance director at Tongdao Group; new COO co-founded Tongdao Group.
- Employment agreements include two-year initial term, confidentiality, and non-compete clauses.

## SEC filing metadata
- accession: 0001213900-23-075725
- form_type: 8-K
- cik: 0001556266
- company_name: BAIYU Holdings, Inc.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/ea184982-8k_tdholding.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-075725
- JSON: https://secwatch.observer/filing/0001213900-23-075725.json
- Plain text: https://secwatch.observer/filing/0001213900-23-075725.txt

## Key facts
- Executive change
  Tianshi (Stanley) Yang resigned as Director at BAIYU Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: On September 8, 2023, TD Holdings, Inc. (the “ Company ”) was informed by Tianshi (Stanley) Yang that he will resign from his position as the Chief Financial Officer and as a director of the board of directors (the “ Board ”) of the Company, effective September 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm
- Executive change
  Wenhao Cui was appointed as Director at BAIYU Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: On September 11, 2023, the Board appointed Mr. Wenhao Cui as the Chief Financial Officer of the Company and a member of the Board to fill the vacancies created by the resignation of Mr. Yang, effective September 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm
- Executive change
  Tianshi (Stanley) Yang resigned as Chief Financial Officer at BAIYU Holdings, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On September 8, 2023, TD Holdings, Inc. (the “ Company ”) was informed by Tianshi (Stanley) Yang that he will resign from his position as the Chief Financial Officer and as a director of the board of directors (the “ Board ”) of the Company, effective September 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm
- Executive change
  Wenhao Cui was appointed as Chief Financial Officer at BAIYU Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On September 11, 2023, the Board appointed Mr. Wenhao Cui as the Chief Financial Officer of the Company and a member of the Board to fill the vacancies created by the resignation of Mr. Yang, effective September 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm
- Executive change
  Ge Ouyang was appointed as Chief Operating Officer at BAIYU Holdings, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On September 11, 2023, the Board appointed Ms. Ge Ouyang as the Chief Operating Officer (“ COO ”), effective September 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556266/000121390023075725/0001213900-23-075725-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.