LightInTheBox announces purchase of shares by its Chief Executive Officer

Date : 12/27/2019 @ 10:00AM
Source : PR Newswire (US)
Stock : LightInTheBox Holding Co Ltd (LITB)
Quote : 0.75  -0.05 (-6.25%) @ 10:02PM
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LightInTheBox announces purchase of shares by its Chief Executive Officer

LightInTheBox (NYSE:LITB)
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BEIJING, Dec. 27, 2019 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a cross-border e-commerce platform that delivers products directly to consumers around the world, today announced that its Chief Executive Officer Mr. Jian He has purchased 151,089 ADS of the Company's stock from the public market. The purchases were made during the open window period and in compliance with company and legal guidelines.

"We continue to make significant progress in implementing our strategy to turn the business around. Our financial and operational performance is improving rapidly and I remain convinced this sector will continue to generate enormous growth opportunities. This share repurchase reflects my strong confidence in our future business prospects and ability to create greater value for our shareholders," commented Mr. Jian He, Chief Executive Officer of LightInTheBox.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is a cross-border e-commerce platform that delivers products directly to consumers around the world. The Company offers customers a convenient way to shop for a wide selection of products at attractive prices through its www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.com and other websites and mobile applications, which are available in 25 major languages and cover more than 140 countries.

For more information, please visit www.lightinthebox.com.

Investor Relations Contact

Christensen Ms. Xiaoyan Su
Tel: +86 (10) 5900 3429
Email:  ir@lightinthebox.com

OR

Christensen
Ms. Linda Bergkamp 
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Forward-Looking Statements

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," "potential," "continue," "ongoing," "targets" and  similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox's beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox's strategic and operational plans, are or contain forward-looking statements.

LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. 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: LightInTheBox's goals and strategies; LightInTheBox's future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox's ability to attract customers and further enhance customer experience and product offerings; LightInTheBox's ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox's expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox'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 LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Cision View original content:http://www.prnewswire.com/news-releases/lightinthebox-announces-purchase-of-shares-by-its-chief-executive-officer-300979490.html

SOURCE LightInTheBox Holding Co., Ltd.

Copyright 2019 PR Newswire

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