MOGU Inc. Announces Changes to Board and Committee Composition
November 29 2019 - 11:50AM
Business Wire
MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a leading
online fashion and lifestyle destination in China, today announced
the appointment of Mr. Shengwen Rong as the chairman of the audit
committee of the board of directors of the Company, effective
November 29, 2019. Also effective November 29, 2019, Ms. Wendy
Hayes resigned as a director of the Company for personal reasons,
and Mr. Qi Chen stepped down as a member of the audit committee of
the board of directors of the Company. Ms. Hayes' resignation did
not result from any disagreement with the Company.
Going forward, the audit committee of the board of directors of
the Company will consist of Mr. Shengwen Rong and Mr. Andrew Hong
Teoh; the compensation committee of the board of directors of the
Company will consist of Mr. Andrew Hong Teoh and Mr. Xuqiang Yue,
with Mr. Teoh as the chairman; and the nominating and corporate
governance committee of the board of directors of the Company will
consist of Mr. Qi Chen and Mr. Andrew Hong Teoh, with Mr. Chen as
the chairman.
Chairman and Chief Executive Officer of MOGU Mr. Qi Chen
commented, “I would like to thank Wendy for her significant
contributions during her tenure as a director. I appreciate the
efforts she made to the enhancement of our corporate governance,
performance evaluation and strategy execution. I believe Roy’s
leadership and extensive experience will strengthen the audit
committee of the board and help the company fulfill its mission of
making fashion accessible to everyone as we enter the next exciting
phase of our growth story.”
About MOGU Inc.
MOGU Inc. (NYSE: MOGU) is a leading online fashion and lifestyle
destination in China. MOGU provides young people with a more
accessible and enjoyable shopping experience for everyday fashion,
particularly as they increasingly live their lives online. Through
innovative use of content, MOGU’s platform provides a vibrant and
dynamic community for people to discover and share the latest
fashion trends with others, and offers users a truly comprehensive
shopping experience.
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For investor and media inquiries, please contact: MOGU
Inc. Sean Zhang Phone: +86-571-8530-8201 E-mail: ir@mogu.com
Christensen In China Mr. Christian Arnell Phone:
+86-10-5900-1548 E-mail: carnell@christensenir.com In U.S. Ms.
Linda Bergkamp Phone: +1-480-614-3004 Email:
lbergkamp@christensenir.com
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