Vivek N. Gour, an independent director of MakeMyTrip, notified the Board of Directors of the company of his intention to resign from the Board of Directors of the company, effective September 6, 2019. In addition, Mr. Gour resigned as the chairman of the audit committee and as chairman of the compensation committee. Mr. Gour indicated that his decision to resign was based on personal reasons and was not a result of any disagreement with the company on any matter relating to its operations, policies or practices. On September 6, 2019, the Board of Directors accepted and approved the resignation of Mr. Gour and thanked Mr. Gour for his service as a director of the company. Following the resignation of Mr. Gour, Xiangrong Li was appointed as an independent director of the company, effective September 6, 2019. The Board of Directors determined that Ms. Li qualifies as an audit committee financial expert within the meaning of the SEC rules and appointed Ms. Li as a member of the audit committee and the compensation committee. The Board of Directors appointed Xiangrong Li as the chairperson of the audit committee, and Aditya Tim Guleri as the chairperson of the compensation committee. The audit committee consists of two members, Xiangrong Li and Aditya Tim Guleri and is chaired by Xiangrong Li with Cindy Xiaofan Wang as a non-voting observer. The compensation committee consists of four members, Aditya Tim Guleri, Xiangrong Li, James Jianzhang Liang and Cindy Xiaofan Wang, and is chaired by Aditya Tim Guleri. Xiangrong Li has served as the deputy general manager and financial controller of Beijing Tourist Hotel (Group) Co. Ltd., Ms. Li served as the chief financial officer of Hengdeli Holdings Ltd, a company listed on the Stock Exchange of Hong Kong, from 2010 to August 2014. Ms. Li served as the chief financial officer of Homeinns Hotel Group from August 2014 to April 2016.
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.