BEIJING, July 23, 2018 /PRNewswire/ -- LightInTheBox
Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"),
a global online retail company that delivers products directly to
consumers around the world, today announced certain management
changes.
Mr. Zhiping Qi has been elected as Chief Executive Officer of
LightInTheBox by the Board of Directors (the "Board") of the
Company. Mr. Qi is also expected to join the Board following the
extraordinary general meeting of shareholders which will take
place on August 17, 2018. Mr. Qi is
one of the founding team members and was Co-President and Vice
Chairman of Shenzhen Sinoagri E-Commerce Co, Ltd. ("Shenzhen
Sinoagri"), an online agricultural procurement and distribution
service provider, from 2010-2017. Mr. Qi was responsible for its
overall strategic planning, investments, and management. Mr. Qi has
been Executive Director and Co-Chief Executive Officer of Zall
Smart Commerce Group Ltd. (formerly known as Zall Group
Ltd.) ("Zall"). Mr. Qi has extensive experience in operating and
managing supply chains, investing in the development of e-commerce
platforms, strategic planning and the management and deployment of
resources globally. Mr. Qi obtained his bachelor's degree in
corporate management from Shenzhen
University in 1994. Mr. Qi completed the Executive Master of
Business Administration (EMBA) program at the China Europe
International Business School.
In addition, the Company has received and accepted the voluntary
resignation of Mr. Robin Lu, Chief
Financial Officer of the Company, due to personal reasons. Mr. Lu
will work to ensure a smooth transition until his last day before
the end of the third quarter of 2018.
About LightInTheBox Holding Co., Ltd.
LightInTheBox is a global online retail company that delivers
products directly to consumers around the world. The Company offers
customers a convenient way to shop for a wide selection of products
at attractive prices through its www.lightinthebox.com,
www.miniinthebox.com and other websites and mobile
applications, which are available in 23 major languages and cover
more than 90% of global Internet users.
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.
Investor Relations Contact
Christensen
Ms. Xiaoyan Su
Tel: +86 (10) 5900 3429
Email: ir@lightinthebox.com
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SOURCE LightInTheBox Holding Co., Ltd.