HANGZHOU, China, May 24, 2023
/PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a
leading integrated smart supply chain solutions and logistics
services provider in China and
Southeast Asia, today announced
that Mr. Lin Wan has resigned from
his position as a director of the Company due to personal reasons,
effective May 23, 2023. Mr. Wan was
nominated by Alibaba Group Holding Limited ("Alibaba") and Cainiao
Smart Logistics Network Limited ("Cainiao Network") as an Alibaba
Director under the Company's amended and restated memorandum and
articles of incorporation. Mr. Wan has confirmed that he has no
disagreement with the Company's board of directors (the "Board")
and there is no other matter relating to his resignation that needs
to be brought to the attention of the Company's shareholders.
Prior to his resignation, Mr. Wan served as a member of the
compensation committee, and as a member of the corporate governance
and nominating committee, of the Board.
"On behalf of the Company and the Board, I would like to express
our sincerest gratitude to Mr. Lin
Wan for his contributions and service since joining the
Company as a director in 2018," commented Mr. Shao-Ning Johnny Chou, Chairman and CEO of BEST.
"We wish him the best of success in his future endeavors."
The Company today also announced that Alibaba (including Cainiao
Network) has appointed Ms. Chen Shen
as an Alibaba Director under the Company's amended and restated
memorandum and articles of incorporation.
Ms. Shen is a director of Strategic Investments at Alibaba Group
Holding Limited. She joined Alibaba in 2018. Previously she served
as senior investment officer in International Finance Corporation
at World Bank Group from 2017 to 2018. She was associate from
2010 to 2012 and then vice president of CDH from 2013 to 2016. She
also served as an investment analyst and then associate at China
International Capital Corporation Limited from 2004 to 2008. Ms.
Shen holds an MBA degree from Columbia
University and a bachelor's degree from Fudan
University.
The Company today also announced that Ms. Xiao Hu, one of the current Alibaba Directors
under the Company's amended and restated memorandum and articles of
incorporation, will serve as a member of the compensation
committee, and as a member of the corporate governance and
nominating committee, of the Board.
SAFE HARBOR STATEMENT
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" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as BEST's strategic and operational plans,
contain forward-looking statements. BEST 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 BEST'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: BEST's goals and strategies; BEST's future business
development, results of operations and financial condition; BEST's
ability to maintain and enhance its ecosystem; BEST's ability to
compete effectively; BEST's ability to continue to innovate, meet
evolving market trends, adapt to changing customer demands and
maintain its culture of innovation; fluctuations in general
economic and business conditions in China and other countries in which BEST
operates, and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in BEST'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 BEST does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
ABOUT BEST INC.
BEST Inc. (NYSE: BEST) is a leading integrated smart supply
chain solutions and logistics services provider in China and Southeast
Asia. Through its proprietary technology platform and
extensive networks, BEST offers a comprehensive set of logistics
and value-added services, including freight delivery, supply chain
management and global logistics services. BEST's mission is to
empower business and enrich life by leveraging technology and
business model innovation to create a smarter, more efficient
supply chain. For more information, please visit:
http://www.best-inc.com/en/.
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SOURCE BEST Inc.