SHANGHAI, April 26,
2024 /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 Mr.
Mervin Ye Zhou has been appointed as
a new member of the Company's board of directors (the "Board"), the
compensation committee of the Board, and the nominating and
corporate governance committee of the Board, effective immediately,
to fill the vacancies arising from the resignation of Mr.
Lijun Xin. Upon the appointment of
Mr. Mervin Ye Zhou, the Board
consists of eight members: Mr. Kerry
Xuefeng Chen, Mr. Yongliang
Wang, Mr. Chen Chen, Mr.
Mervin Ye Zhou, Ms. Shuangxi Wu, Mr. Jingbo
Wang, Mr. Guoxing Jiang and
Ms. Rui Zhu.
Mr. Mervin Ye Zhou is a vice
president of JD.com (NASDAQ: JD and HKEX: 9618 (HKD counter) and
89618 (RMB counter)) and head of Strategic Investment, responsible
for overseeing various investment activities, mergers and
acquisitions, and portfolio management for JD.com and its
subsidiaries. Prior to joining JD.com in January 2022, Mr. Zhou was a partner and spent
over 10 years at SoftBank China Venture Capital (SBCVC). Prior to
that, Mr. Zhou worked at McKinsey & Company, a global
management consulting firm, from March
2009 to June 2011, where his
last position was Engagement Manager. Mr. Zhou received his
bachelor's degree in electronic engineering from Tsinghua
University, and his Ph.D. in electrical engineering and computer
sciences from UC Berkeley.
Mr. Kerry Xuefeng Chen, the
Company's Founder, Chairman, and Chief Executive Officer, said, "On
behalf of the Board and the management of ATRenew, I would like to
express our gratitude to Mr. Lijun
Xin, for his outstanding contributions during his tenure. We
are delighted to welcome Mr. Mervin Ye
Zhou to the Board. His appointment marks a significant step
in our journey, reflecting our commitment to excellence and
strategic growth. Mervin brings a wealth of experience in business
and finance, which will be invaluable as we continue to innovate
and expand. We look forward to Mervin's insights and are excited
about the future we will build together."
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. ATRenew is a participant
in the United Nations Global Compact, and adheres to its
principles-based approach to responsible business.
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
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
applicable law.
Investor Relations Contact
In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461
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SOURCE ATRenew Inc.