SHANGHAI, China, Aug. 20, 2024 — Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, announced today that its board of directors (the “Board”) has appointed Mr. Kevin Qing Guo as a director and member of the compensation committee. Mr. Guo will also succeed Mr. Ian Su Shan as the chairman of the Board, effective August 20, 2024. Mr. Ian Su Shan will continue to serve as a director of the Company and a member of the nominating and corporate governance committee of the Board. Following this change, the Board will have six members, including three independent directors. Additionally, Mr. Bing Fu has informed the Board of his resignation as the Interim President of the Company for personal reasons, effective August 20, 2024. The board of directors is currently assessing the Company’s leadership structure, taking into account its long-term growth plans.
Mr. Kevin Qing Guo has served as a consultant to JD.com, Inc. (“JD.com”) and Dada since April 2024. He is a co-founder of Robot-X Holdings Limited (“Robot-X”), a company that develops and manufactures cooking robotics for the catering industry. He has served as a director and CEO of Robot-X since November 2021. Prior to his role at Robot-X, Mr. Guo worked at Meituan from March 2014 to October 2021. He was a member of Meituan’s S-team from January 2020 to October 2021. Mr. Guo holds a bachelor’s degree in applied chemistry and international engineering management from Tianjin University and a master’s degree in business administration from Beijing University of Posts and Telecommunications.
About Dada Nexus Limited
Dada Nexus Limited is China’s leading local on-demand retail and delivery platform. It operates JD NOW, formerly known as JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners. It also operates Dada NOW, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are interconnected and mutually beneficial. The high volume of on-demand delivery orders from the JD NOW platform increases order volume and density for the Dada NOW platform. Meanwhile, the Dada NOW platform provides improved delivery experiences for participants on the JD NOW platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure.
For more information, please visit https://ir.imdada.cn/.
Forward-Looking Statements
This press release includes statements that may be considered “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 words such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Among other things, quotations in this announcement contain forward-looking statements. Dada 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 Dada’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Dada’s strategies; Dada’s future business development, financial condition, and results of operations; Dada’s ability to maintain its relationship with major strategic investors; its ability to provide efficient on-demand delivery services and offer quality on-demand retail experiences; its ability to maintain and enhance the recognition and reputation of its brands; 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 Dada’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Dada does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor inquiries, please contact:
Dada Nexus Limited
Ms. Caroline Dong
E-mail: ir@imdada.cn
Christensen
In China
Mr. Rene Vanguestaine
Phone: +86-178-1749 0483
E-mail: rvanguestaine@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@christensenir.com
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Dada Nexus Limited
E-mail: PR@imdada.cn