Secoo Announces Board Changes
December 28 2021 - 4:30PM
Secoo Holding Limited (“Secoo” or the
“Company”) (NASDAQ: SECO), Asia’s leading online integrated upscale
products and services platform, today announced that its Board of
Directors (the “Board”) has approved the appointment of Mr. Jianji
Liu to the Board as an independent director and the resignation of
each of Ms. Qi Zhu and Mr. Jian Wang from the post as a
director of the Company, all effective December 28, 2021.
Mr. Jianji Liu will also serve on the compensation committee
as its chairman, the audit committee as its member and the
nominating and corporate governance committee as its member, to
replace Mr. Jian Wang’s positions on these committees of the Board.
Mr. Jianji Liu has served as the general manager
of Shenzhen Jinxin Guotou Fund Management Co., Ltd since January
2018. From January 2015 to January 2018, Mr. Liu served as the
general manager of Wumart Commercial Finance Co., Ltd. Prior to
that, he served as a deputy general manager of China State
Construction Finance Co., Ltd. from December 2010 to January 2015.
From April 2001 to December 2010, Mr. Jianji Liu worked at China
Automotive Finance Co., Ltd. with his last position as a deputy
general manager. Prior to that, he worked at COSCO Group Finance
Co., Ltd. with his last position as the manager of the financial
planning department. Mr. Liu received a bachelor’s degree in
finance from Zhengzhou University in June 1990 and a master’s
degree in finance and banking from Graduate School of Chinese
Academy of Social Sciences in March 1998. Mr. Liu enrolled in
Finance EMBA program at Tsinghua PBC School of Finance in September
2014.
“We thank each of Ms. Qi Zhu and Mr. Jian Wang
for the contribution to our Board during their respective tenures,”
said Mr. Richard Rixue Li, Chairman and Chief Executive Officer of
Secoo. “We are delighted and honored to welcome Mr. Jianji Liu
to our Board. His wealth of experience spans over two decades in
financial planning, asset management and strategic investment. I’m
confident his broad-based expertise and strategic insights will add
high value to our Board and our operations. We look forward to
working with him as we further grow our business and maximize value
for all Secoo stakeholders.”
About Secoo Holding Limited
Secoo Holding Limited (“Secoo”) is Asia’s
leading online integrated upscale products and services platform.
Secoo provides customers a wide selection of authentic upscale
products and lifestyle services on the Company’s integrated online
and offline shopping platform which consists of the Secoo.com
website, mobile applications and offline experience centers,
offering over 420,000 SKUs, covering over 3,800 global and domestic
brands. Supported by the Company’s proprietary database of upscale
products, authentication procedures and brand cooperation, Secoo is
able to ensure the authenticity and quality of every product
offered on its platform.
For more information, please visit http://ir.secoo.com.
Safe Harbor Statement
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include but are not limited to Secoo management quotes and the
Company’s financial outlook. These forward-looking statements can
be identified by terminology such as “will,” “estimate,” “project,”
“predict,” “believe,” “expect,” “anticipate,” “intend,”
“potential,” “plan,” “goal” and similar statements. Secoo Holding
Limited may also make written or oral forward-looking statements in
its periodic reports to the U.S. Securities and Exchange
Commission, 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. Such statements
involve certain risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements. These forward-looking statements
include, but are not limited to, statements about: the Proposed
Transaction, the Company’s goals and strategies; its future
business development, financial condition and results of
operations; 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; Chinese
governmental policies relating to the Company’s industry and
general economic conditions in China. For additional information on
these and other important factors that could adversely affect the
Company's business, financial condition, results of operations and
prospects, please see its filings with the U.S. Securities and
Exchange Commission.
Secoo Holding Limited does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law. All information provided in this
press release and in the attachments is as of the date of this
press release, and Secoo Holding Limited undertakes no duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please
contact:
In China:Secoo Holding LimitedJingbo MaTel: +86 10
6588-0135E-mail: ir@secoo.com
The Piacente Group, Inc.Jenny CaiTel: +86 (10)
6508-0677E-mail: Secoo@tpg-ir.com
In the United States:The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: Secoo@tpg-ir.com
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