BEIJING, Aug. 8, 2019 /PRNewswire/ -- LightInTheBox
Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the
"Company"), a cross-border e-commerce company that delivers
products directly from manufacturers to customers around the world,
today announced the appointment of Dr. Hanhua Wang as an independent director,
effective immediately. Dr. Wang joins the Audit Committee of
the Board of Directors ("the Board"), taking over this role from
Mr. Kai-Fu Lee, who has served as an independent director on
the Board since 2013. Mr. Lee recently resigned from the Board due
to personal reasons.
Dr. Wang is a veteran of the technology industry in China, bringing more than 20 years of
corporate experience managing teams in various sectors of
e-commerce, telecommunication, IoT and smart home solutions.
Previously, he served as president of Amazon China between 2005 and
2012. During this appointment, he oversaw the operation and
financial control of the company, including, among others,
regularly reviewing accountant reports and discussing financial
strategy and performance with other management teams. Prior to
that, Dr. Wang was vice president of the Asia Pacific region at Motorola and general
manager for its China Mobile business unit. He also served as an
independent director on the board of Haier Electronics, a listed
company on the Hong Kong Stock Exchange.
After graduating from the East China Normal University with a
bachelor's degree in Psychology and a master's degree in Education
Psychology, Dr. Wang continued his studies in the United States and earned a PhD degree in
Education Psychology from the University of
Nebraska-Lincoln.
"I'm excited to welcome Dr. Wang to the Board," commented
Mr. Zhi Yan, Chairman of LightInTheBox. "Dr. Wang's
extensive experience in e-commerce and business management will
greatly benefit LightInTheBox, as we continue to optimize
operations across all our e-commerce platforms. We also want to
thank Mr. Lee for his contributions to the Company during
his tenure."
About LightInTheBox Holding Co., Ltd.
LightInTheBox is a cross-border e-commerce company that delivers
products directly from manufacturers to its customers around the
world. The Company offers customers a convenient way to shop for a
wide selection of products at attractive prices through its
platforms at www.lightinthebox.com, www.miniinthebox.com,
www.ezbuy.com and other websites and mobile applications, which are
available in 25 major languages and cover more than 140
countries.
For more information, please visit www.lightinthebox.com.
Investor Relations Contact
Christensen Ms. Xiaoyan Su
Tel: +86 (10) 5900 3429
Email: ir@lightinthebox.com
OR
Christensen
Ms. Linda Bergkamp Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets" and similar statements. Among other things, statements
that are not historical facts, including statements about
LightInTheBox's beliefs and expectations, the business outlook and
quotations from management in this announcement, as well as
LightInTheBox's strategic and operational plans, are or contain
forward-looking statements.
LightInTheBox may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward- looking statement, including but not limited to the
following: LightInTheBox's goals and strategies;
LightInTheBox's future business development, results of operations
and financial condition; the expected growth of the global online
retail market; LightInTheBox's ability to attract customers and
further enhance customer experience and product offerings;
LightInTheBox's ability to strengthen its supply chain efficiency
and optimize its logistics network; LightInTheBox's expectations
regarding demand for and market acceptance of its products;
competition; fluctuations in general economic and business
conditions and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in LightInTheBox's filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and LightInTheBox does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law.
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SOURCE LightInTheBox Holding Co., Ltd.