Baozun Announces Shareholder Resolutions Adopted at 2021 Annual General Meeting of Shareholders

Rhea-AI Summary

Baozun Inc. (NASDAQ: BZUN) held its annual general meeting on May 7, 2021, in Shanghai, where key shareholder resolutions were passed. A special resolution was adopted to amend the company's Memorandum and Articles of Association. Ordinary resolutions included appointing Deloitte Touche Tohmatsu as the independent auditors for the financial years ending December 31, 2020, and 2021. Furthermore, director Ms. Jessica Xiuyun Liu was re-elected. These decisions aim to enhance governance and financial oversight, reflecting the company's commitment to transparency and accountability.

Positive

• Adoption of new Memorandum and Articles of Association indicating updates for better governance.
• Re-appointment of Deloitte Touche Tohmatsu enhances credibility as independent auditors.
• Re-election of director Ms. Jessica Xiuyun Liu supports continuity in leadership.

Negative

• None.

SHANGHAI, China, May 07, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (NASDAQ: BZUN and HKEX: 9991) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, announced today that the following shareholder resolutions were adopted and passed at its annual general meeting of shareholders held on May 7, 2021 in Shanghai, China:

1. BY WAY OF A SPECIAL RESOLUTION, that the Fourth Amended and Restated Memorandum and Articles of Association currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the Fifth Amended and Restated Memorandum and Articles of Association of the Company in the form attached as Annex A to the proxy statement, and reflecting the updates as detailed in the proxy statement;
   
   
2. BY WAY OF AN ORDINARY RESOLUTION, that the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements filed with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited, respectively, for the year ended December 31, 2020 and the authorization for the directors of the Company to determine the remuneration of the Company’s independent registered public accounting firms be authorized, approved and ratified;
   
   
3. BY WAY OF AN ORDINARY RESOLUTION, that the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements to be filed with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited, respectively, for the year ending December 31, 2021 and the authorization for the directors of the Company to determine the remuneration of the Company’s independent registered public accounting firms be authorized, approved and ratified;
   
   
4. BY WAY OF AN ORDINARY RESOLUTION, that Ms. Jessica Xiuyun Liu be re-elected as a director of the Company; and
   
   
5. BY WAY OF AN ORDINARY RESOLUTION, that subject to the approval of resolutions 1 – 4 above, each director or officer of the Company be authorized to take any and every action that might be necessary, appropriate or desirable to effect resolutions 1 – 4 as such director or officer, in his or her absolute discretion, thinks fit.

About Baozun Inc.

Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment.

For more information, please visit http://ir.baozun.com

For investor and media inquiries, please contact:

Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com

Christensen
In China
Mr. Rene Vanguestaine
Phone: +852-6686-1376
E-mail: rvanguestaine@christensenir.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

 

FAQ

What resolutions were passed at Baozun's annual general meeting on May 7, 2021?

The resolutions included amending the company's Memorandum and Articles of Association, appointing Deloitte as independent auditors, and re-electing Ms. Jessica Xiuyun Liu as a director.

Who was appointed as Baozun's independent auditors for 2020 and 2021?

Deloitte Touche Tohmatsu was appointed as the independent auditors for the years ending December 31, 2020, and 2021.

What is the significance of amending Baozun's Memorandum and Articles of Association?

Amending the Memorandum and Articles of Association aims to enhance governance and ensure compliance with regulatory updates.

When was Baozun's annual general meeting held?

Baozun's annual general meeting was held on May 7, 2021.

Who was re-elected as a director during the meeting?

Ms. Jessica Xiuyun Liu was re-elected as a director at the annual general meeting.