SINGAPORE, Aug. 27,
2024 /PRNewswire/ -- LightInTheBox Holding
Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an
apparel e-commerce retailer that ships products to consumers
worldwide, today announced the appointment of Mr. Zhi Yan as a
director to the board of directors of the Company (the "Board") and
to succeed Mr. Jian He as the chairman of the Board, effective
August 26, 2024 (the "Appointment"). Following the
Appointment, Mr. Jian He will remain as a director of the
Board and the Chief Executive Officer of the Company.
Mr. Zhi Yan has previously served as the Company's director
from March 2016 to March 2023. He has extensive
investment and corporate management experience in various
industries, including commercial property, wholesale markets,
finance, real estate, logistics, commerce and aviation.
Mr. Yan is the founder, chief executive officer and chairman
of the board of directors of Zall Smart Commerce Group Ltd. (HKSE
Code: 2098). He is primarily responsible for the group's overall
business and investment strategies and oversees the group's project
planning, business and operation management. Mr. Yan is also a
non-executive director and chairman of the board of directors of
Wuhan Hanshang Group (SSE Code: 600774), as well as an independent
director of DouYu International Holdings Limited (Nasdaq: DOYU).
Mr. Yan received a master's degree in business administration
for senior executives from Wuhan
University in February 2008 and an executive master's degree
in business administration from Cheung Kong Graduate School of
Management in 2013. In June 2018, Mr.
Yan was awarded a Doctorate in Chinese History from Wuhan University.
Mr. Yan's daughter, Dr. Ge Yan, serves as a director
of the Board. There are no transactions, currently contemplated or
since the beginning of the last fiscal year in which Mr. Yan
has an interest requiring disclosure under Item 404(a) of
Regulation S-K.
About LightInTheBox Holding Co., Ltd.
LightInTheBox is an apparel e-commerce retailer that ships
products to consumers worldwide. With a focus on serving
middle-aged and senior customers, LightInTheBox leverages its
global supply chain and logistics networks, along with its in-house
R&D and design capabilities, to offer a wide selection of
comfortable, aesthetically pleasing and visually interesting
apparel that brings fresh joy to customers. LightInTheBox operates
its business through www.lightinthebox.com, www.ezbuy.sg and other
websites as well as mobile applications, which are available in
over 20 major languages and over 140 countries and regions. The
Company is headquartered in Singapore, with additional offices in
California, Shanghai and Beijing.
For more information, please visit
www.lightinthebox.com.
Investor Relations Contact
Investor Relations
LightInTheBox Holding Co., Ltd.
Email: ir@lightinthebox.com
Jenny Cai
Piacente Financial Communications
Email: lightinthebox@tpg-ir.com
Brandi Piacente
Piacente Financial Communications
Tel: +1-212-481-2050
Email: lightinthebox@tpg-ir.com
Forward-Looking Statements
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," "potential," "continue," "ongoing,"
"targets" and similar statements. Among other things, statements
that are not historical facts, including statements about
LightInTheBox's beliefs and expectations, the business outlook and
quotations from management in this announcement, as well as
LightInTheBox's strategic and operational plans, are or contain
forward-looking statements.
LightInTheBox may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. 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: LightInTheBox's goals and strategies; LightInTheBox's
future business development, results of operations and financial
condition; the expected growth of the global online retail market;
LightInTheBox's ability to attract customers and further enhance
customer experience and product offerings; LightInTheBox's ability
to strengthen its supply chain efficiency and optimize its
logistics network; LightInTheBox's expectations regarding demand
for and market acceptance of its products; competition;
fluctuations in general economic and business conditions and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in
LightInTheBox'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 LightInTheBox does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
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SOURCE LightInTheBox Holding Co., Ltd.
