BEIJING, April 24, 2015 /PRNewswire/ -- Jumei
International Holding Limited (NYSE: JMEI) ("Jumei" or the
"Company"), China's leading online
retailer of beauty products, today announced that it has enhanced
the independence of its board of directors (the "Board") by
appointing two new independent directors to serve on the Board and
its committees, effective as of April 24,
2015. After the appointment, the Board will consist of a
majority of independent directors and fully independent audit,
compensation and nominating and corporate governance
committees.
Jumei appointed each of Ms. Mang
Su and Mr. Zhenquan Ren as an
independent director and a member of each of the audit committee,
the compensation committee and the nominating and corporate
governance committee of the Board.
Ms. Mang Su currently serves as
the president of Trends Media Group ("Trends"), a major magazine
publisher in China with over 10
titles including Cosmopolitan, Esquire, Harper's BAZAAR,
Trendshome, and Trendshealth. Ms. Su joined Trends in 1994 where
she was instrumental in launching and managing Trend's magazine
portfolio as the company grew into a media powerhouse. Ms. Su has
accumulated extensive media management experience through a career
that spans many years and includes a diverse number of roles in
editorial, advertising, marketing and distribution positions. The
Company believes she is one of the most influential figures in the
Chinese fashion industry. Ms. Su is not only dedicated to
publishing magazines, but is also passionate about social welfare.
Ms. Su launched BAZAAR Charity Night in 2003, which has grown to be
the largest and most influential charity event in China. The event aims to harness the power of
fashion, celebrities, enterprises and brands to help people in
need. Ms. Su graduated from the China Conservatory of Music, and
received her EMBA degree from Cheung Kong Graduate School of
Business.
Mr. Zhenquan Ren is a founder of
Star VC, a venture capital firm established in 2014 with Ms.
Bingbing Li and Mr. Xiaoming Huang. In 2013, Mr. Ren founded Beijing
Hot and Spicy Investment Limited Company and established "Hot and
Spicy No.1" hotpot brand. In 2011, he established Ren Quan Studio
which has gone on to produce many well-known TV shows and films in
China. Prior to that, Mr. Ren was
an actor for Hua Yi Brothers where he performed in the popular film
"The Confucius." Mr. Ren gained critical acclaim and a popular
following as a result of his performance in TV opera "Juvenile
Judge Bao" and "The Naughty Nurse" in 2000. Mr. Ren graduated from
the Shanghai Theatre Academy in 1997 and completed his EMBA at the
Cheung Kong Graduate School of Business in 2013. Mr. Ren is
currently enrolled in Shanghai Jiaotong University's EMBA program
specializing in finance.
Additionally, Mr. Keyi Chen,
Steve Yue Ji and Bob Xiaoping Xu have resigned from the Board and
its committees, effective April 24,
2015.
Mr. Leo Ou Chen, founder and CEO
of Jumei, stated, "We are very delighted to have two new directors
with extensive industry knowledge and experience. We also believe
that the increased independence of our Board further demonstrates
our commitment to adhere to the highest standard of corporate
governance. Upon the appointments of Ms. Mang Su and Mr. Zhenquan
Ren, we are in full compliance with the majority independent
director and independent board committee requirements under
applicable SEC and NYSE rules. We also wish to express our sincere
gratitude to each of Mr. Keyi Chen,
Mr. Steve Yue Ji and Mr.
Bob Xiaoping Xu for their services
to Jumei as our Board members and wish them continued success in
their future endeavors."
Pursuant to these appointments and resignations, the Board is
now comprised of five members, a majority of whom are independent
directors. The Board's audit, compensation and nominating and
corporate governance committees each have three members, all of
whom are independent directors.
About Jumei International Holding Limited
Jumei (NYSE: JMEI) is China's
leading online retailer of beauty products. Jumei's internet
platform is a trusted destination for consumers to discover and
purchase branded beauty products, fashionable apparel and other
lifestyle products through the Company's jumei.com website
and mobile application. Leveraging its deep understanding of
customer needs and preferences, as well as its strong merchandizing
capabilities, Jumei has adopted multiple effective sales formats to
encourage product purchases on its platform, including curated
sales, online shopping mall and flash sales.
For investor and media inquiries, please contact:
Jumei International Holding Limited
Mr. Sterling Song
Investor Relations Director
Phone: +86-10-5676-6983
E-mail: kans@jumei.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@ChristensenIR.com
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SOURCE Jumei International Holding Limited