Boqii Announces Senior Management Change

Rhea-AI Summary

Boqii Holding Limited (NYSE: BQ) announced the resignation of Ms. Ying (Christina) Zhang from her role as Co-Chief Financial Officer and all directorial positions, effective immediately, due to personal reasons. Having served since 2013, Ms. Zhang significantly impacted the company's financial reporting and internal control processes. The board expressed gratitude for her contributions, and Ms. Lisa Tang, Co-Founder and Co-CEO, acknowledged her professionalism and dedication. Boqii remains a leading online destination for pet products in China, offering high-quality supplies through various platforms.

Positive

• Ms. Christina Zhang significantly enhanced financial reporting and internal controls since 2013.
• Boqii continues to lead the pet product market in China, maintaining strong brand offerings.

Negative

• The resignation of a key financial executive may create short-term instability in financial oversight.

SHANGHAI, Feb. 14, 2022 /PRNewswire/ -- Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced that Ms. Ying (Christina) Zhang has resigned from her position as the Company's Co-Chief Financial Officer and all her roles as a director or an officer of affiliates of the Company due to personal reasons, effective immediately. Ms. Christina Zhang has been in charge of our financial reporting and internal control since 2013 and was later appointed as the Company's Co-Chief Financial Officer. She has played an integral role in helping the company build a strong team of internal control and capital management.  

The board of directors of Boqii wishes to extend its deep gratitude to Ms. Christina Zhang for her contributions to the continued growth of Boqii throughout the years. Ms. Lisa Tang, Boqii's Co-Founder, Co-CEO and CFO said: "Christina has been with us for more than nine years. Her dedication and professionalism will be missed, and I wish her the very best in her future pursuit."

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

For investor and media inquiries, please contact:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com

DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com

View original content:https://www.prnewswire.com/news-releases/boqii-announces-senior-management-change-301481416.html

SOURCE Boqii Holding Limited

FAQ

Who has resigned from Boqii Holding Limited?

Ms. Ying (Christina) Zhang has resigned from her position as Co-Chief Financial Officer.

When did Christina Zhang's resignation take effect?

Christina Zhang's resignation took effect immediately on February 14, 2022.

What was Christina Zhang's role at Boqii?

She served as Co-Chief Financial Officer and was responsible for financial reporting and internal control.

What is Boqii Holding Limited known for?

Boqii is a leading pet-focused platform in China, offering a wide range of pet products.

How long did Christina Zhang work at Boqii?

Christina Zhang worked at Boqii for more than nine years.