HANGZHOU, China, Feb. 22, 2022 /PRNewswire/ -- BEST Inc. (NYSE:
BEST) ("BEST" or the "Company"), a leading integrated smart supply
chain solutions and logistics services provider in China, today announced that Mr. Jun Chen has resigned from his position as a
director of the Company, effective February
17, 2022. Mr. Chen was nominated by Alibaba Group Holding
Limited ("Alibaba") and Cainiao Smart Logistics Network Limited
("Cainiao Network") as an Alibaba Director under the Company's
amended and restated memorandum and articles of incorporation.
"On behalf of the Company and the Board, I would like to express
our sincerest gratitude to Mr. Jun
Chen for his contributions and service since joining the
Company as a director in 2015," commented Mr. Shao-Ning Johnny Chou, Chairman and CEO of BEST.
"We wish him the best of success in his future endeavors."
The Company today also announced that Alibaba (including Cainiao
Network) has appointed Ms. Xiao Hu
as an Alibaba Director under the Company's amended and restated
memorandum and articles of incorporation.
Ms. Hu is a managing director of Strategic Investments at
Alibaba Group Holding Limited. She joined Alibaba in 2017 and
previously served as an investment director of Strategic
Investments. She served as vice president and then director at
Merrill Lynch (Asia Pacific)
Limited from 2012 to 2017 and associate and then vice president at
Citigroup Global Markets Asia Limited from 2008 to 2012. She also
served as an assistant equity research analyst at China
International Capital Corporation Limited from 2003 to 2006 and an
auditor with KPMG Huazhen LLP from 2002 to 2003. Ms. Hu holds an
MBA degree from the Hong Kong University of
Science and Technology and a bachelor's degree from Peking
University.
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" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as BEST's strategic and operational plans,
contain forward-looking statements. BEST 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 BEST'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: BEST's goals and strategies; BEST's future business
development, results of operations and financial condition; BEST 's
ability to maintain and enhance its ecosystem; BEST 's ability to
compete effectively; BEST 's ability to continue to innovate, meet
evolving market trends, adapt to changing customer demands and
maintain its culture of innovation; fluctuations in general
economic and business conditions in China and other countries in which BEST
operates, and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in BEST's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and BEST does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
ABOUT BEST INC.
BEST Inc. (NYSE: BEST) is a leading integrated smart supply
chain and logistics solutions provider. Through its proprietary
technology platform and extensive networks, BEST offers a
comprehensive set of logistics and value-add services, including
supply chain management, freight delivery, and international
logistics. BEST's mission is to empower business and enrich life by
leveraging technology and business model innovation to create a
smarter, more efficient supply chain. For more information, please
visit: http://www.best-inc.com/en/.
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SOURCE BEST Inc.