Exhibit 99.1
HUYA Inc. Announces Management Changes and Provides Strategic Updates
GUANGZHOU, CHINA, Aug. 1, 2023 /PRNewswire/ – HUYA Inc. (NYSE: HUYA) (“Huya” or the “Company”), a leading game live streaming
platform in China, today announced that Mr. Rongjie Dong has tendered his resignation from his positions as a director, including his membership of the nominating and corporate governance committee of the Company’s board of directors (the
“Board”) and as the Chief Executive Officer (“CEO”) of the Company, for personal reasons, effective August 7, 2023.
Meanwhile,
the Board has approved the appointments of Huya’s Senior Vice President, Mr. Junhong Huang, and Vice President of Finance, Ms. Ashley Xin Wu, to the positions of Acting Co-CEOs, effective
August 7, 2023, to jointly assume the duties of CEO until a permanent CEO is appointed. The Board is taking immediate measures and planning to expedite the process of identifying a permanent CEO.
“On behalf of the Board, we would like to thank Mr. Dong for his remarkable contributions in leading and developing Huya into a preeminent player in
China’s game live streaming market. We greatly appreciate Mr. Dong’s invaluable experience and achievements at Huya and wish him all the best in his future endeavors,” said Mr. Songtao Lin, the Chairman of the Board.
“We are also delighted to have Junhong and Ashley serving as our Acting Co-CEOs for a smooth transition. Their seasoned industry knowledge and managerial capabilities will support Huya as we continue to
unlock the business potential ahead of us.”
Mr. Lin continued, “Huya remains unswervingly committed to serving the evolving needs of game
enthusiasts, content creators, and its partners across the game value chain. We are undertaking a strategic transformation to expand our presence in the game industry, exploring new opportunities that complement our well-established user community
and content ecosystem to drive sustainable long-term business development. In doing so, we have outlined a three-year plan with key objectives of driving a shift in our commercialization roadmap by offering more game-related services such as game
distribution, in-game item sales, and game advertising, while also optimizing content creators’ income structure to boost their financial rewards and better align our content costs with our revenues. To
support these goals, we will proactively adjust various aspects of our business for a more targeted allocation of internal resources. While this may cause some volatility in our operating and financial metrics in the near term, we are confident that
our three-year plan to increase the proportion of revenues from game-related services and achieve a more balanced revenue mix across the value chain will strengthen our fundamentals as a whole and empower our long-term growth.”
Mr. Junhong Huang currently serves as Senior Vice President of Huya. Previously, Mr. Huang served as Vice President of Tencent Cloud and has been
responsible for the management and product development of QQ, Tencent Docs, and Tencent Cloud infrastructure products since 2007. Mr. Huang received his master of science degree in network engineering from the University of Paris VI (now
Sorbonne University) in 2007.
