ECMOHO Limited Announces the Appointment of independent director of the Board
December 06 2021 - 7:30AM
ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO” or the “Company”), an
integrated solutions provider in the health and wellness market in
China, today announced a change in its board of directors (the
“Board”).
Mr. Greg Ye tendered to the Board his resignation
as an independent director of the Board, the chair and a member of
the audit committee of the Board and a member of the Nominating and
Corporate Governance Committee of the Board for personal reasons,
effective from December 1, 2021. Mr. Greg Ye’s resignation did not
result from any disagreement with the Company on any matter
relating to the Company’s operations, policies or practice.
The Board appointed Mr. Yuan Fang as an independent
director of the Board, the chair and a member of the Audit
Committee of the Board and a member of the Nominating and Corporate
Governance Committee of the Board, effective from December 1, 2021.
Upon the effectiveness of Mr. Greg Ye’s resignation and the
appointment of Mr. Yuan Fang, the Board consisted of five
directors, including two independent directors. As a foreign
private issuer, the Company is permitted to rely on home country
practice under the Nasdaq Stock Market Rules with respect to its
board and committee composition.
Mr. Yuan Fang has over 10 years of experiences in
venture capital investment, operation management and investment
banking. Mr. Yuan Fang joined Delta Capital in late 2014 and has
been leading Delta Capital’s investments in technology and consumer
services areas. Prior to joining Delta Capital, Mr. Yuan Fang
worked in Matrix Partners China, WI Harper Group, SK China Holding
Co. Ltd., and BNP Paribas. Mr. Yuan Fang also gained valuable
experiences from working as a key founding member in start-up
companies. Mr. Yuan Fang received a master’s degree from College
Des Ingenieurs in Paris, and received an MBA and two bachelor’s
degrees from Tsinghua University in Beijing.
Ms. Zoe Wang, Chairwoman and Chief Executive
Officer of ECMOHO, commented, “We appreciate Mr. Greg Ye’s
contributions and wish him the best in his next endeavor. We
welcome Mr. Yuan Fang to our Board. Mr. Yuan Fang is well qualified
to serve as an independent director of the Board and possesses
substantial experience in venture capital investment, operation
management and investment banking. We believe Mr. Yuan Fang’s
impressive track record of success in operation management and
investment banking can effectively facilitate our operating
objectives and targets. We believe ECMOHO is well-positioned to
capture the growth potential of the health and wellness market in
China, and with Mr. Yuan Fang’s valuable insights and experiences,
I am more confident than ever that we will be able to improve
operating efficiency and corporate governance, and create value for
shareholders in both the short and long term.”
About ECMOHO Ltd.
ECMOHO is an integrated solutions provider in
the health and wellness market in China. The company curates and
sells the best global brands and quality products to Chinese
health-conscious consumers. Our technology, network and expertise
in marketing and distribution empower us to connect families with
advanced health supplements, nutrition and food items, personal
care products, household healthcare equipment and other wellness
products. Through over ten years of operation, ECMOHO has
established an ecosystem of trusted products and relationships to
provide customized solutions which promote health regeneration,
impart therapeutic benefits, and increase longevity to our devoted
consumers to sustain health. For more information, please visit
http://ir.ecmoho.com/
Safe Harbor Statements
This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in 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,” “target,” “going forward,” “outlook” and
similar statements. Any statements that are not historical facts
are forward-looking statements. Such statements are based upon
management’s current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, such as the significant
volatility and disruption caused by the COVID-19 pandemic, the
Company’s expected growth of the online retail industry in China,
the Company’s expectations regarding demand for and market
acceptance of its products and services, the Company’s expectations
regarding its relationships with its brand partners and e-commerce
channels, and the level of consumer economic activity in China, all
of which are difficult to predict and many of which are beyond the
Company’s control, which may cause the Company’s actual results,
performance or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company’s
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For investor and media inquiries, please
contact:
ECMOHO Ltd.Investor RelationsMs. Yvonne XuEmail:
IR@ecmoho.com
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