Secoo Holding Limited Appoints New Independent Director
December 20 2017 - 7:05AM
Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ:SECO),
Asia's largest online integrated upscale products and services
platform, today announced the appointment of Mr. Jian Wang as an
independent director of the Company, effective December 20, 2017,
based on the recommendations of the nominating and corporate
governance committee of the board of directors of the Company (the
“Board”). The Board also appointed Mr. Wang as a member of the
audit committee of the Board, the chairman of the compensation
committee of the Board and a member of the nominating and corporate
governance committee of the Board. In addition, Mr. Xiaoquan Zhang,
an independent director of the Board, was appointed as the chairman
of the nominating and corporate governance committee of the Board.
Mr. Wang has more than twenty years of management experience in
the retail sector and has served since August 2013 as the chairman
and chief executive officer of Five Star Holdings Group Co., Ltd.,
a company engaged in retail chain store operation and supply chain
management with notable franchise brands. Prior to that, Mr. Wang
served as the senior vice president of Best Buy Co., Inc. and the
chief executive officer of Jiangsu Five-Star Electric Appliances
Co. Ltd. Mr. Wang received a master’s degree in administrative
management from Nanjing University in 2000 and EMBA degrees from
CEIBS and Tsinghua PBCSF in 2009 and 2016, respectively.
“We are excited to welcome Mr. Wang to our board as an
independent director,” said Mr. Richard Li, Chairman and Chief
Executive Officer of Secoo. “Mr. Wang has extensive experience with
business operations and innovations in the China’s retail chain
store industry, as well as investment expertise in areas, such as
e-commerce and the new consumer economy. We look forward to working
with him and learning from his experience and vision in our
business evolution.”
About Secoo Holding LimitedSecoo Holding
Limited (“Secoo”) is Asia’s largest online integrated upscale
products and services platform as measured by GMV in 2016. 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
300,000 SKUs, covering over 3,000 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 ir.secoo.com
Safe Harbor StatementThis 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 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 Limited Jingbo Ma Tel: +86 10 6588-0135
E-mail: ir@secoo.com
The Piacente Group, Inc. Jenny Cai Tel: +86 (10) 5730-6200
E-mail: Secoo@tpg-ir.com
In the United States: The Piacente Group, Inc. Alan
Wang Tel: +1-212-481-2050 E-mail: Secoo@tpg-ir.com
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