Ruhnn Holding Limited Announces the Appointment of New Chief Financial Officer
October 21 2019 - 6:00AM
Ruhnn Holding Limited (“Ruhnn” or the “Company”) (NASDAQ: RUHN),
the largest internet key opinion leader (“KOL”) facilitator in
China as measured by revenue in 2018, according to Frost &
Sullivan, today announced that its board of directors has appointed
Mr. Jacky Jinbo Wang as the Company’s new chief financial officer,
effective October 16, 2019.
Most recently, Jacky Jinbo Wang, aged 40, served
as the chief accounting officer of Red Violet, Inc. (NASDAQ: RDVT),
a leading Florida-based analytics and information solutions
provider. Red Violet, Inc. is a March 2018 spin off from Fluent,
Inc. (NASDAQ: FLNT), a leading New York-based information and
performance marketing solutions provider, where Mr. Wang served as
its chief financial officer and chief accounting officer since
August 2014. Prior to that, Mr. Wang served as the vice president
of TouchMedia, an in-taxi touchscreen media provider in China. He
also served as finance director of AdChina Ltd., a leading
integrated internet advertising provider in China. Mr. Wang began
his career at Ernst & Young, where he worked at both Los
Angeles and Shanghai offices from September 2001 to February
2010.
Mr. Wang is a Certified Public Accountant in
California, a member of the Association of Chartered Certified
Accountants, and a member of the Chinese Institution of Certified
Public Accountants. Mr. Wang received his Bachelor of Business
Administration from Shanghai International Studies University.
With the addition of Mr. Wang to the Company’s
senior management team, the Company’s former chief financial
officer, Mr. Zhenbo Chi, will be able to focus on the Company’s
financial and accounting matters and has been appointed as the
Company’s senior vice president of finance, effective October 16,
2019.
Commenting on the announcement, Mr. Min Feng,
founder and Chairman of Ruhnn, stated, “We are delighted to welcome
Mr. Wang as an important addition to Ruhnn’s senior management
team. We look forward to working with him and expect his extensive
leadership experience and expertise in capital markets, finance and
accounting, will be of tremendous value as we continue to execute
on our growth strategy.”
About Ruhnn Holding Limited
Ruhnn Holding Limited is the largest internet
key opinion leader (“KOL”) facilitator in China as measured by
revenue in 2018, according to Frost & Sullivan. The Company
connects influential KOLs who engage and impact their fans on the
internet to its vast commercial network to build the brands of
fashion products. Ruhnn pioneered the commercialization of the KOL
ecosystem in China, and operates under both full-service and
platform models. The Company’s full-service model integrates key
steps of the e-commerce value chain from product design and
sourcing and online store operations to logistics and after-sale
services. The platform model promotes products sold in third-party
online stores and provides advertising services on KOL’s social
media spaces to third-party merchants. As of June 30, 2019, the
Company had 133 signed KOLs with an aggregate of 172.0 million fans
across major social media platforms in China.
For more information, please visit:
ir.ruhnn.com.
Safe Harbor Statement
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” and similar statements.
Among other things, the business outlook and quotations from
Ruhnn’s management in this announcement as well as Ruhnn’s
strategic and operational plans contain forward-looking statements.
Ruhnn may also make written or oral forward-looking statements in
its periodic reports to the U.S. Securities and Exchange Commission
(“SEC”) on Forms 20-F and 6-K, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Ruhnn’s beliefs and expectations, are
forward-looking statements. 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: the Company’s goals and strategies; the Company’s future
business development, financial condition and results of
operations; trends in the internet KOL facilitator industry in the
PRC and globally; competition in the Company’s industry;
fluctuations in general economic and business conditions in China;
and the regulatory environment in which the Company operates.
Further information regarding these and other risks is included in
the Company’s filings with the SEC, including its registration
statement on Form F-1, as amended, and its annual reports on Form
20-F. All information provided in this press release is as of the
date of this press release, and Ruhnn does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please
contact:
In China:
Ruhnn Holding LimitedSterling SongSenior
Director of Investor RelationsTel: +86-571-2629-8238E-mail:
ir@ruhnn.com
The Piacente Group, Inc.Emilie WuTel:
+86-21-6039-8363E-mail: ruhnn@thepiacentegroup.com
In the United States:
The Piacente Group, Inc. Brandi
PiacenteTel: +1-212-481-2050E-mail: ruhnn@thepiacentegroup.com
Red Violet (NASDAQ:RDVT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Red Violet (NASDAQ:RDVT)
Historical Stock Chart
From Sep 2023 to Sep 2024