BTC Digital Ltd. filed a Form 6-K on October 29, 2026, disclosing changes to its board of directors and board committees, including the resignation of chairman Peng Xu and the appointment of Jishuang Zhao as his successor, both effective October 29, 2026.

Key Highlights

  • Peng Xu resigned as director and chairman of the board, effective October 29, 2026, with no disagreements cited between him and the company.
  • Jishuang Zhao, age 51, was appointed director and chairman of the board, also effective October 29, 2026.
  • Zhao previously served as chairman of the board from 2021 to December 2023, when the company was formerly known as Meten Holding Group Ltd.
  • Ye Ren resigned as independent director and committee member effective October 28, 2026, with no disagreements cited.
  • Dongyi Lu, age 49, was appointed as independent director and member of the Audit, Compensation, and Nominating and Corporate Governance Committees, effective October 28, 2026.
  • The committee changes were made to ensure each committee retains at least three members who are independent directors as defined under Nasdaq Listing Rule 5605(a)(2), according to the filing.

Board Leadership and Committee Changes at BTC Digital Ltd.

According to the Form 6-K filed with the SEC by BTC Digital Ltd. (NASDAQ:BTCT) for the month of October 2026, the company disclosed two separate sets of board changes that take effect in late October 2026. On October 21, 2026, Peng Xu submitted his resignation as director and chairman, with the departure effective October 29, 2026. The filing stated that "there were no disagreements between the Company and Mr. Peng Xu that led to his decision to resign."

The board simultaneously appointed Jishuang Zhao to fill both the director and chairman roles, also effective October 29, 2026. The filing notes that Zhao, 51, is a founder of the company and previously served as chairman from 2021 to December 2023, during which he also chaired the Compensation Committee and the Nominating and Corporate Governance Committee. The filing describes his background as including "substantial knowledge of the Company's business operations, corporate history and strategic development, including its transition from education services to digital asset-related businesses." Zhao holds an Executive Master of Business Administration degree from China Europe International Business School.

A second set of changes involved the independent director seat. On October 22, 2026, Ye Ren resigned from her role as independent director and member of all three board committees, effective October 28, 2026, again with no disagreements cited. The board appointed Dongyi Lu, 49, to replace her in those roles on the same effective date. According to the filing, Lu has served as Managing Director of Jinshi Consulting Pte Ltd since November 2024, and previously held roles at HSBC Life Singapore Pte Ltd and DBS Bank Pte Ltd. He holds a Bachelor of Commerce in Finance and Accounting from the University of Sydney and a Diploma in Financial Trading from Singapore Polytechnic.

What Was Disclosed

BTC Digital Ltd. disclosed board-level personnel changes: the resignation of chairman Peng Xu and independent director Ye Ren, and the appointment of Jishuang Zhao as the new chairman and Dongyi Lu as a new independent director and committee member, all effective in late October 2026.