Molecular Data Inc. Announces Changes of Chief Financial Officer
December 02 2020 - 7:00AM
Molecular Data Inc. (“Molecular Data” or the “Company”) (Nasdaq:
MKD), a leading technology-driven platform in China’s chemical
industry, today announced that the Company has appointed Mr. Steven
Foo as the new chief financial officer, effective December 1, 2020.
Mr. Zhaohong Li has tendered his resignation as chief financial
officer, for personal reasons.
“We greatly appreciate the contributions that
Zhaohong has made during his tenure with the Company, leading our
IPO, and building a public company finance team. We respect
Zhaohong’s decision and wish him the very best in his future
pursuits,” said Dr. Dongliang Chang, Founder and Chairman of the
Board of Directors.
“Steven has an extensive finance background, and
operating experience in key international markets. Coupled with his
analyst and asset management background and his strategic
transaction expertise, I believe Steven will help Molecular Data
accelerate in its next phase of growth,” Dr. Chang added.
Mr. Foo brings over 24 years of investment,
financing experience as well as financial management and
restructuring work experience in Asia. Previously, Mr. Foo served
as a member of the board of directors and chief financial officer
of SOS Health Rescue Services. Prior to that, Mr. Foo served as a
member of the board of directors and chief financial officer of
Hebron Technology. Mr. Foo is a Fellow Chartered Accountant and
Certified Public Accountant (CPA). In addition to his experience in
securities laws and regulations compliance, Mr. Foo has extensive
leadership experience in strategy, financial management and capital
markets.
About Molecular Data Inc.
Molecular Data Inc. is a leading
technology-driven platform in China’s chemical industry, connecting
participants along the chemical value chain through integrated
solutions. The Company delivers e-commerce solutions, financial
solutions, warehousing and logistics solutions, and SaaS suite that
are intended to solve pain points for participants in the
traditional chemical industry. Built upon a comprehensive knowledge
engine and artificial intelligence (AI) capabilities, the Company’s
e-commerce solutions are mainly offered through its online
platform, consisting of molbase.com, molbase.cn, Moku Data WeChat
account, Chemical Community APP and other ancillary platforms.
For investor and media inquiries, please
contact:
In China:
Molecular Data Inc.Eva MaTel: +86-21-6495-6998*8130E-mail:
investor@molbase.com
The Piacente Group, Inc.Emilie WuTel: +86-21-6039-8363E-mail:
molbase@tpg-ir.com
In the United States:
The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: molbase@tpg-ir.com
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