Guardforce AI Appoints Yuting Zuo as Chief Financial Officer

New York, NY, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, announced the appointment of Ms. Yuting (Catherine) Zuo as Chief Financial Officer, effective immediately. Additionally, the Company announced that Mr. Yuheng (Brian) Ma has resigned from his position as Chief Financial Officer to pursue other interests. The resignation of Mr. Ma was not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

Ms. Zuo has over a decade of experience in corporate finance, accounting, SEC reporting and working with U.S. listed companies. Ms. Zuo has served in a financial reporting and investment position, directly reporting to the CEO and CFO of Aurora Mobile Limited (Nasdaq: JG), a leading mobile big data solutions company in China. In this role she oversaw financial reporting and accounting operations, investor relations and led merger and acquisition activities. Previously, she was the corporate accounting manager at Farmers Business Network, a farmer-to-farmer network and e-commerce platform, based in California. Prior to that, Ms. Zuo served as an auditor at PricewaterhouseCoopers and at Ernest&Young in the U.S. Ms. Zuo holds a bachelor’s degree in accounting and finance from the University of Richmond and also completed an undergraduate program in Finance at the University of Hong Kong in 2013. She is a certified public accountant.

Lei (Olivia) Wang, Chairwoman and Chief Executive Officer of Guardforce AI, stated, “We are excited to welcome Catherine to our leadership team. Her diligent and serious approach to financial management, and strong background in regulatory matters and capital markets, will be a strong asset for our company's development and corporate governance. Her breadth of experience in corporate finance and M&A will be invaluable as we execute our growth strategy and expand into new business lines within AI and robotics. Importantly, as we accelerate activities around our AI business, Catherine brings tremendous energy and relevant expertise to help drive the development of this business. We would also like to thank Brian for his service and wish him success in his future endeavors.”