Dada Announces Certain Management Changes
August 20 2024 - 5:55PM
Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s
leading local on-demand retail and delivery platform, today
announced that the board of directors (the “Board”) has elected Mr.
Kevin Qing Guo to become a director and a member of the
compensation committee of the Board and succeed Mr. Ian Su Shan as
the chairman of the Board, effective August 20, 2024. Mr. Ian Su
Shan will continue to serve as a director of the Company and a
member of the nominating and corporate governance committee of the
Board. After the change, the Board will consist of six members,
three of whom are independent directors. In addition, Mr. Bing Fu
has notified the Board of his resignation as the Interim President
of the Company for personal reasons, effective August 20, 2024.
Meanwhile, the board of directors is actively evaluating the
Company’s leadership composition in light of the Company’s
long-term development plans.
Mr. Kevin Qing Guo has served as a consultant to
JD.com, Inc. (“JD.com”) and a consultant to Dada since April 2024.
He is a co-founder of Robot-X Holdings Limited (“Robot-X”), a
developer and manufacturer of cooking robotics designed for
catering industry, and has served as a director and the Chief
Executive Officer of Robot-X since November 2021. Prior to that,
Mr. Guo worked at Meituan from March 2014 to October 2021 and
served as a member of the S-team of Meituan from January 2020 to
October 2021. Mr. Guo received his bachelor’s degree with a double
major in applied chemistry and international engineering management
from Tianjin University and a master’s degree in business
administration from Beijing University of Posts and
Telecommunications.
About Dada Nexus Limited
Dada Nexus Limited is China’s leading local
on-demand retail and delivery platform. It operates JD NOW,
formerly known as JDDJ, one of China’s largest local on-demand
retail platforms for retailers and brand owners, and Dada NOW, a
leading local on-demand delivery platform open to merchants and
individual senders across various industries and product
categories. The Company’s two platforms are inter-connected and
mutually beneficial. The vast volume of on-demand delivery orders
from the JD NOW platform increases order volume and density for the
Dada NOW platform. Meanwhile, the Dada NOW platform enables
improved delivery experience for participants on the JD NOW
platform through its readily accessible fulfillment solutions and
strong on-demand delivery infrastructure.
For more information, please visit
https://ir.imdada.cn/.
Forward-Looking Statements
This press release contains statements that may
constitute “forward-looking” statements pursuant to 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,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. Dada may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
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 Dada’s beliefs, plans
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: Dada’s strategies; Dada’s future business
development, financial condition and results of operations; Dada’s
ability to maintain its relationship with major strategic
investors; its ability to provide efficient on-demand delivery
services and offer quality on-demand retail experience; its ability
to maintain and enhance the recognition and reputation of its
brands; general economic and business conditions globally and in
China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Dada’s filings with the SEC. All information provided
in this press release is as of the date of this press release, and
Dada does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor inquiries, please
contact:
Dada Nexus LimitedMs. Caroline DongE-mail:
ir@imdada.cn
Christensen
In ChinaMr. Rene VanguestainePhone: +86-178-1749
0483E-mail: rvanguestaine@christensenir.com
In USMs. Linda BergkampPhone:
+1-480-614-3004E-mail: lbergkamp@christensenir.com
For media inquiries, please
contact:
Dada Nexus LimitedE-mail: PR@imdada.cn
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