BTC Digital Ltd. has made key changes to its board of directors, a move that could influence the company’s future direction and governance. On October 21, 2026, Mr. Peng Xu resigned as director and chairman, effective October 29, 2026. The company has appointed Mr. Jishuang Zhao as the new chairman, effective the same date. These changes come as BTC Digital continues its transition in the finance services sector.

BTC Digital Ltd., listed on Nasdaq under the ticker BTCT, operates in the finance services industry, specifically focusing on digital assets. The company has undergone several name changes, previously known as Meten Holding Group Ltd. and Meten EdtechX Education Group Ltd. Its recent filings indicate a strategic shift towards digital asset-related businesses.

According to the filing, there were no disagreements that led to Mr. Xu's resignation. Mr. Zhao, who has a strong background in corporate governance and strategic oversight, previously served as chairman from 2021 to December 2023. His extensive knowledge of the company's operations and history is expected to guide BTC Digital as it navigates the complexities of the digital finance landscape.

Additionally, the board has seen the resignation of Ms. Ye Ren as an independent director, effective October 28, 2026. In her place, Mr. Dongyi Lu has been appointed as an independent director and will also serve on several key committees, including the Audit Committee and the Compensation Committee. This restructuring aims to ensure compliance with Nasdaq's independent director requirements.

These changes may affect various stakeholders, including investors, employees, and clients, as the company seeks to strengthen its governance framework. The board's new composition is designed to enhance oversight and strategic decision-making, which is crucial for navigating the rapidly evolving finance services sector.

The filing does not say what happens next regarding further board developments or strategic initiatives.