GUANGZHOU, China, Oct. 19, 2020 /PRNewswire/ -- Vipshop Holdings
Limited (NYSE: VIPS), a leading online discount retailer for brands
in China ("Vipshop" or the
"Company"), today announced that it has appointed Mr. David Cui as its new Chief Financial Officer to
succeed the current Chief Financial Officer Mr. Donghao Yang, who will leave the position in the
near future and serve the Company in his new capacity as a
Non-Executive Director. Mr.Cui has joined the Company to
prepare for the transition into his new role.
"David brings with him extensive experience in public company
accounting, internal control and financial management. We look
forward to working with David to elevate the Company to the next
level. " said Mr. Eric Shen,
chairman and CEO of Vipshop.
"Meanwhile, we greatly appreciate the significant contributions
that Donghao has made to the Company's growth and transformation in
the past nine years. We believe the Company will continue to
benefit from Donghao's insights and experience as a Director of our
Board," Mr. Shen added.
Before joining Vipshop, Mr. Cui was the Chief Financial Officer
of Huami Corp. (NYSE: HMI) from August 2017 to September 2020. From August 2015 to
April 2017, Mr. Cui was the Chief Financial Officer of
China Digital Video Holdings Limited, a company listed on the Hong
Kong Stock Exchange. Prior to that, Mr. Cui was an independent
financial advisor to high growth companies on business strategies,
fund raising, corporate governance and accounting matters. From
April 2011 to August 2013, Mr. Cui was the Chief
Financial Officer of iKang Healthcare Group, Inc., a
company listed on the Nasdaq Stock Exchange. He was an audit
senior manager of Deloitte Touche Tohmutsu, China from April 2007 to April 2011.
Prior to that, Mr. Cui served multiple roles in public
accounting and financial reporting in the
United States and Canada.
Mr. Cui has a bachelor's degree in business administration
from Simon Fraser University,
Canada and is a licensed CPA in
the United States and Canada.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a leading online discount retailer
for brands in China. Vipshop
offers high quality and popular branded products to consumers
throughout China at a significant
discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a
sizeable and growing base of customers and brand partners. For more
information, please visit www.vip.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under
the 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 contain forward-looking statements. Vipshop 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 Vipshop'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: Vipshop's goals and strategies; Vipshop's
future business development, results of operations and financial
condition; the expected growth of the online discount retail market
in China; Vipshop's ability to
attract customers and brand partners and further enhance its brand
recognition; Vipshop's expectations regarding demand for and market
acceptance of flash sales products and services; competition in the
discount retail industry; the potential impact of the COVID-19 to
Vipshop's business operations and the economy in China and elsewhere generally; fluctuations in
general economic and business conditions in China and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in Vipshop's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and Vipshop does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
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SOURCE Vipshop Holdings Limited