November 18, 2020

Taipei—17LIVE, Inc. today announced that Jeffrey Huang, founder 17LIVE, has stepped down from the company’s Board of Directors, to focus on his own business ventures. With Jeff’s departure, 17LIVE has purchased his shares in the company.

“On behalf of our shareholders and the Board, I want to express my deepest appreciation to Jeff for all his contributions to 17LIVE. As a member of the Board, his vision was the key to building 17LIVE’s success today. He leaves an enduring legacy and inspiration that will funnel us to our next challenge.” said Hirofumi Ono, CEO.

“17LIVE has always been a part of my life for the past 5 years. As 17LIVE has become a leading brand in Taiwan and Japan, it seems to be the right moment for me to focus on my next adventure. I am proud of everything that 17LIVE has achieved, and I will continue to support its future from the sidelines. I would like to thank Joseph Phua, Hirofumi Ono, JS Ng, Shang Koo, the board, investing partners and the entire 17LIVE team for everything they have given to the company.” said Jeffrey Huang.

Today, 17LIVE operates in 9 countries and has worked with more than 50,000 contracted content creators to create more than 730,000 hours of live streaming content every month. In just four years, 17LIVE has become the leading live entertainment platform in developed Asian regions. With its company core value “Empower Artists, Entertain the World”, it has advanced to the global stage last year and continued with the growth.