Appointment of New Independent Director

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Fresh2 Group Ltd. (NASDAQ: FRES) appoints Zhijun (Michael) Liang as an independent director, effective January 1, 2024. Mr. Liang brings over two decades of experience in management consulting and investment management, with a focus on start-ups and growth businesses. He holds an MBA degree in general management and a Bachelor of Arts degree in English Language and Literature. The Board has determined that Mr. Liang is independent within the meaning of Nasdaq Listing Rule 5605(a)(2).

NEW YORK, Dec. 15, 2023 /PRNewswire/ -- Fresh2 Group Ltd. (NASDAQ: FRES) ("Fresh2" or "the Company"), a B2B e-commerce and supply chain management company within the restaurant and food industry, today announced the appointment of Zhijun (Michael) Liang, as an independent director of the Company, effective January 1, 2024.

Zhijun (Michael) Liang, has spent more than two decades providing management consulting and investment management services, primarily to start-ups and growth businesses, enabling them to address expansion needs and financial challenges. He co-founded Beijing Yuantong Funds Management Co., Ltd., and has led its risk and investment management since 2018. Concurrently, as the Managing Partner of Shanghai Tongdai Business Management Consulting LLP, he manages the firm's financial and management advisory services, dedicated to delivering premium solutions tailored to the unique needs of its clients.

Mr. Liang holds an MBA degree in general management from HEC Montreal, the business school of the University of Montreal and a Bachelor of Arts degree in English Language and Literature from South-Central University for Nationalities (PRC).

The Board has determined that Mr. Liang is independent within the meaning of Nasdaq Listing Rule 5605(a)(2).

There are no family relationships between Mr. Liang and any other officer or member of the Board of Directors of the Company.

About Fresh2 Group Limited

Fresh2 Group Limited is engaged in the business-to-business e-commerce and supply chain sectors. Committed to helping restaurants lower procurement costs and improve efficiency, Fresh2 utilizes an advanced supply chain management system. By applying strategic digital technologies and innovative business models, Fresh2 is driving the online transformation of the restaurant supply industry. Fresh2 aims to refine restaurant operations, adding significant value to the food industry, and building a global network of restaurateurs in the digital age For more information, visit: https://fresh2.co/investors. 

 

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SOURCE Fresh2

FAQ

Who is the new independent director of Fresh2 Group Ltd. (NASDAQ: FRES)?

Zhijun (Michael) Liang has been appointed as an independent director of Fresh2 Group Ltd., effective January 1, 2024.

What is the background of Zhijun (Michael) Liang?

Mr. Liang has over two decades of experience in management consulting and investment management, with a focus on start-ups and growth businesses. He holds an MBA degree in general management and a Bachelor of Arts degree in English Language and Literature.

What is the significance of Mr. Liang's appointment?

Mr. Liang's appointment brings extensive experience to Fresh2 Group Ltd., particularly in addressing expansion needs and financial challenges for start-ups and growth businesses.

Is Mr. Liang considered independent within the meaning of Nasdaq Listing Rule 5605(a)(2)?

Yes, the Board has determined that Mr. Liang is independent within the meaning of Nasdaq Listing Rule 5605(a)(2).