Ms. Carol Li Joins JD.com’s Board of Directors
September 23 2022 - 6:00AM
JD.com, Inc. (the “Company” or “JD.com”) (Nasdaq: JD and HKEx:
9618), a leading supply chain-based technology and service
provider, today announced that Ms. Carol Yun Yau Li has been
appointed as an independent director on the board of directors of
the Company (the “Board”) and a member of the Board’s compensation
committee, effective immediately.
Ms. Li is a Managing Director of Yale Center Beijing, Yale
University’s first university-wide center outside of the United
States. Ms. Li has also served as an independent non-executive
director of the board of JD Logistics, Inc. (HKEx: 2618), a
consolidated subsidiary of JD.com, since May 2021. From April 2008
to May 2012, Ms. Li was a Senior Vice President at China Investment
Corporation, China’s sovereign wealth fund, where she focused on
private equity investments. She started her career in investment
banking at Credit Suisse First Boston in New York and worked as an
attorney at Sullivan & Cromwell LLP and WilmerHale LLP,
specializing in corporate, financial, and transactional matters.
Ms. Li holds a Bachelor of Arts Degree in Economics and
International Studies from Yale University received in May 2000 and
a Doctor of Jurisprudence degree from Stanford University received
in June 2006. She is admitted to practice law in the State of New
York and in the District of Columbia in the United States. Ms. Li
was named a World Economic Forum Young Global Leader in 2016. She
is also a member of the Hong Kong X-Tech Startup Platform Advisory
Committee.
“We are pleased to welcome Carol to the board,” said Richard
Liu, Chairman of the Board of JD.com. “Her extensive experiences in
business, finance, and law, as well as her track record of success
in academia and the public sector, will be immensely helpful to our
board as we continue to serve our business partners, customers and
the society effectively through our supply chain-based
infrastructure. Carol’s invaluable contribution as an independent
non-executive director of JD Logistics has well demonstrated her
capabilities, and we look forward to working with her at the
group’s level.”
“I am excited to join JD.com’s board and would like to thank
Richard and the board for their confidence in me,” said Ms. Li. “It
has been a great pleasure to work with JD Logistics in the past,
and I look forward to working alongside the board and management
team in JD.com’s continued journey toward innovation and social
responsibility.”
About JD.com
JD.com is a leading supply chain-based
technology and service provider. The company’s cutting-edge retail
infrastructure seeks to enable consumers to buy whatever they want,
whenever and wherever they want it. The company has opened its
technology and infrastructure to partners, brands and other
sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of industries.
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,” “confident” and
similar statements. JD.com may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in announcements
made on the website of The Stock Exchange of Hong Kong Limited (the
“Hong Kong Stock Exchange”), 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 JD.com’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: JD.com’s growth strategies; its future business
development, results of operations and financial condition; its
ability to attract and retain new customers and to increase
revenues generated from repeat customers; its expectations
regarding demand for and market acceptance of its products and
services; trends and competition in China’s e-commerce market;
changes in its revenues and certain cost or expense items; the
expected growth of the Chinese e-commerce market; laws, regulations
and governmental policies relating to the industries in which
JD.com or its business partners operate; potential changes in laws,
regulations and governmental policies or changes in the
interpretation and implementation of laws, regulations and
governmental policies that could adversely affect the industries in
which JD.com or its business partners operate, including, among
others, initiatives to enhance supervision of companies listed on
an overseas exchange and tighten scrutiny over data privacy and
data security; risks associated with JD.com’s acquisitions,
investments and alliances, including fluctuation in the market
value of JD.com’s investment portfolio; impact of the COVID-19
pandemic; natural disasters and geopolitical events; change in tax
rates and financial risks; intensity of competition; and general
market and economic conditions in China and globally. Further
information regarding these and other risks is included in JD.com’s
filings with the SEC and the announcements on the website of the
Hong Kong Stock Exchange. All information provided herein is as of
the date of this announcement, and JD.com undertakes no obligation
to update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please
contact:
Investor Relations Sean Zhang +86 (10)
8912-6804 IR@JD.com
Media Relations +86 (10)
8911-6155 Press@JD.com
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