Boqii Appoints Chief Strategy Officer

Rhea-AI Summary

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, has appointed Mr. Kai Fang as the Chief Strategy Officer, effective immediately. Mr. Fang brings over 15 years of experience from major financial institutions, including CITIC CLSA and BofA Merrill Lynch. The founder and CEO, Hao Liang, highlighted Mr. Fang's expertise in capital markets and strategic planning, anticipating it will enhance value for users and shareholders. This leadership change reflects Boqii's commitment to strengthening its market position and improving strategic initiatives.

Positive

• Appointment of Kai Fang as Chief Strategy Officer brings over 15 years of capital market experience.
• Mr. Fang's expertise in strategic planning is expected to enhance company growth and shareholder value.

Negative

• None.

SHANGHAI, Jan. 22, 2021 /PRNewswire/ -- Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced the appointment of Mr. Kai Fang as the Company's Chief Strategy Officer, effective immediately.

Mr. Fang has over 15 years of capital market experience in top financial institutions. Prior to joining Boqii, he served as a Managing Director and the Head of Financial Sponsors Group in CITIC CLSA. Before that, Mr. Fang also held senior roles in equity capital markets division at BofA Merrill Lynch and China Renaissance. Mr. Fang received his bachelor's degree from Peking University and an MBA degree from the University of Chicago.

Mr. Hao Liang, Boqii's Founder, Chairman and Chief Executive Officer, stated: "We welcome Mr. Fang to join us as CSO. We believe that his extensive background in capital markets and strategic planning will be of great value to Boqii. We look forward to working closely with him and continuing to create more values for our users and shareholders together."

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is China's leading pet-focused platform. We are the leading 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 labels, 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 also provides an informative and interactive content platform for users to share their knowledge and love for pets.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports 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 the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

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

The Blueshirt Group
Ms. Susie Wang
Email: susie@blueshirtgroup.com

In the United States:

The Blueshirt Group
Ms. Julia Qian
Email: julia@blueshirtgroup.com

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SOURCE Boqii Holding Limited

FAQ

Who is the newly appointed Chief Strategy Officer of Boqii?

Mr. Kai Fang is the newly appointed Chief Strategy Officer of Boqii.

What experience does Kai Fang bring to Boqii?

Kai Fang has over 15 years of experience in capital markets, having held senior roles at CITIC CLSA and BofA Merrill Lynch.

What impact is expected from the appointment of Kai Fang at Boqii?

His extensive background in capital markets and strategic planning is expected to create more value for users and shareholders.

When did Kai Fang's appointment as Chief Strategy Officer take effect?

Kai Fang's appointment as Chief Strategy Officer took effect immediately on January 22, 2021.