SHANGHAI, May 18, 2022
/PRNewswire/ -- ATRenew Inc. ("ATRenew" or the
"Company") (NYSE: RERE), a leading technology-driven pre-owned
consumer electronics transactions and services platform
in China, today announced that Ms. Rui
Zhu has been appointed as a new independent director to the
Company's board of directors (the "Board"), effective on
May 17, 2022. Ms. Zhu will also
replace Mr. Yongliang Wang to serve
as a member of the audit committee of the Board. Mr. Yongliang Wang will continue to serve as a
director of the Board and the President of the Company. Upon the
appointment of Ms. Zhu, the Board consists of eight members: Mr.
Kerry Xuefeng Chen, Mr. Yongliang Wang, Mr. Lei Xu, Mr. Wei Tang, Mr. Chen
Chen, Mr. Jingbo Wang, Mr.
Guoxing Jiang and Ms. Rui Zhu.
Mr. Kerry Xuefeng Chen, the
Company's Founder, Chairman, and Chief Executive Officer, on behalf
of the Board and management, said: "We are delighted to welcome Ms.
Zhu to the Board of ATRenew. With her extensive experience and
insights into consumer research and marketing, Ms. Zhu brings
unique perspectives to the Company as we continue investing in the
circular economy while educating ever wider segments of society on
how to lead greener lifestyles. Furthermore, we have full
confidence that Ms. Zhu will contribute significant value to the
Board as she shares our vision that a sustainable business model
possesses robust financial stability and is beneficial to society
as a whole. We look forward to working with Ms. Zhu as we further
explore growth opportunities created by China's circular economy."
Ms. Rui Zhu is a professor of
marketing and the director of Social Innovation Center in Cheung
Kong Graduate School of Business ("CKGSB"). She has done extensive
research on a number of topics, including consumer behavior, social
innovation, and branding. Prior to joining CKGSB, she was an
associate professor of marketing and Canada Research Chair in
consumer behavior at the University of British
Columbia. Ms. Zhu received her PhD in Marketing from the
University of Minnesota.
About ATRenew Inc.
Headquartered in Shanghai,
ATRenew Inc. operates a leading technology-driven pre-owned
consumer electronics transactions and services platform in
China under the brand ATRenew.
Since its inception in 2011, ATRenew has been on a mission to give
a second life to all idle goods, addressing the environmental
impact of pre-owned consumer electronics by facilitating recycling
and trade-in services, and distributing the devices to prolong
their lifecycle. ATRenew's open platform integrates C2B, B2B, and
B2C capabilities to empower its online and offline services.
Through its end-to-end coverage of the entire value chain and its
proprietary inspection, grading, and pricing technologies, ATRenew
sets the standard for China's
pre-owned consumer electronics industry.
Safe Harbor Statement
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. ATRenew 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 ATRenew'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: ATRenew's strategies; ATRenew's future
business development, financial condition and results of
operations; ATRenew's ability to maintain its
relationship with major strategic investors; its ability to provide
facilitate pre-owned consumer electronics transactions and provide
relevant services; its ability to maintain and enhance the
recognition and reputation of its brand; 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 ATRenew's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and ATRenew does not undertake any obligation to
update any forward-looking statement, except as required under
Investor Relations Contact
In the United States:
SOURCE ATRenew Inc.