Velo3D Announces Hull Xu To Resign As CFO; Bernard Chung Named Acting CFO, Effective December 31, 2025

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On December 9, 2025, Hull Xu notified the Company of his resignation as Chief Financial Officer, effective December 31, 2025. The Company is working closely with Mr. Xu to ensure an orderly transition of responsibilities and to maintain continuity in our financial operations. Mr. Xu's resignation was not due to any disagreement with the Company on any matter related to the Company's operations, policies or practices. The Company thanks Mr. Xu for his contributions to the Company.

 

On December 11, 2025, the board of directors of the Company appointed Bernard Chung, the Company's controller, as Acting Chief Financial Officer and principal financial and accounting officer, effective December 31, 2025, pending the search for, and appointment of, a permanent Chief Financial Officer.

 

Bernard Chung, age 49, has served as the Company's controller since June 2025. From September 2023 to April 2024, Mr. Chung was the Company's Acting Chief Financial Officer. From September 2021 to September 2023, Mr. Chung served as the Vice President, Finance where Mr. Chung led the Company's accounting, finance and SEC reporting teams. Prior to the Company's business combination, from December 2020 to September 2021, Mr. Chung served as Vice President, Finance of Velo3D, Inc. (n/k/a Velo3D US, Inc.). From November 2018 to November 2020, Mr. Chung was the Corporate Controller at Textainer Group Holdings Limited ("Textainer"), a lessor of intermodal containers, where he was responsible for Textainer's financial and strategic operations. Before joining Textainer, Mr. Chung served as the Assistant Corporate Controller at Knight-Swift Transportation Holdings Inc., a truckload and logistics services carrier, from July 2014 to November 2018. Mr. Chung also previously served as a director and audit manager for KPMG LLP. Mr. Chung, a Certified Public Accountant, holds a B.A. in Economics from Northwestern University and matriculated his Accounting credits from Loyola University Chicago.