ECMOHO CEO Delivered a Speech about Digitalization at 2020 Health Industry West Lake Forum
July 14 2020 - 8:30AM
Ms. Zoe Wang, Founder and Chief Executive Officer of ECMOHO Limited
(Nasdaq: MOHO) ("ECMOHO" or the "Company"), a leading integrated
solutions provider in the rapidly growing non-medical health and
wellness market in China, attended the “2020 Health Industry West
Lake Forum” in Wuzhen and shared her view on the theme of “Hello
2030: How Strategic Digitalization Helps to Sustain High Growth”.
Ms. Wang delivered a speech at the forum that
covered the following major points:
- Strategic digitalization is the
foundation for the future development of the health industry. It
could help enterprises respond immediately to changes in market
conditions, achieve cost reductions and efficiency improvement,
achieve efficient and accurate user retention and renewal, and
provide users with customized health products to achieve a
high-growth path.
- Strategic digitalization can
empower the value of technology innovation to the industry’s
upstream partners. Through data management, strategic
digitalization promotes the construction of a global smart supply
chain, which enables brands to develop products on the basis of
consumers’ wants and needs. Strategic digitalization allows better
labeling and characterization of consumers for the industry’s
downstream partners and could enable them to provide customized
health solutions to consumers.
- What can be seen in 2030 is
vigorous development of China’s health industry. The COVID-19
pandemic altered consumers’ behavior and sped the online trend for
the traditional health industry, which promised a broader space for
growth with higher growth rate. All the enterprises in the health
industry should devote themselves to the construction of strategic
digitalization, which is vital to all.
- ECMOHO would like to work with more
partners to build a smart ecosystem in the health industry, in
which Chinese families can get remote health management with data
as the core at any time in their daily lives, and all participates
in the entire health industry chain could achieve win-win
outcome.
Safe Harbor Statements
This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in 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”, “target”, “going forward”, “outlook” and
similar statements. For example, the Company’s statement
about its expectations for health industry in 2030 is a
forward-looking statement and is inherently uncertain. Such
statements are based upon management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties and other factors,
such as the significant volatility and disruption caused by the
COVID-19 pandemic, the Company’s expected growth of the online
retail industry in China, the Company’s expectations regarding
demand for and market acceptance of its products and services, the
Company’s expectations regarding its relationships with its brand
partners and e-commerce channels, and the level of consumer
economic activity in China, all of which are difficult to predict
and many of which are beyond the Company's control, which may cause
the Company's actual results, performance or achievements to differ
materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
About ECMOHO Limited
ECMOHO is a leading integrated solution provider
in the rapidly growing non-medical health and wellness market in
China. The Company acts as the bridge between brand owners
and Chinese consumers by marketing and distributing health
supplements and food, mother and child care products, personal care
products, household healthcare equipment and other health and
wellness products. Through over seven years of operation,
ECMOHO has built an ecosystem where Chinese consumers are provided
with customized health and wellness solutions that include quality
products and trustworthy content.
For more information, please visit
http://ir.ecmoho.com/.
For investor and media inquiries, please contact:
ECMOHO Limited Investor Relations Email:
ir@ecmoho.com
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