He took the step just months after resigning as chief executive officer of the TikTok owner.

New CEO Liang Rubo has replaced Zhang on the five-member board that also includes representatives from investors Susquehanna International Group and Sequoia Capital China, according to a person familiar with the matter, reports Bloomsberg.

Zhang, 38, will still be involved in formulating the Chinese tech firm’s longer-term strategy, the person told the news portal, asking to not be identified discussing private matters.