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LightInTheBox Announces Appointment of Director and Chairman of the Board

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LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced the appointment of Mr. Zhi Yan as a director and chairman of the Board, effective August 26, 2024. Mr. Yan replaces Mr. Jian He as chairman, who will remain a director and CEO. Mr. Yan previously served as a director from 2016 to 2023 and brings extensive experience in various industries, including commercial property, finance, and e-commerce.

Mr. Yan is the founder, CEO, and chairman of Zall Smart Commerce Group (HKSE: 2098) and holds leadership positions in other companies. He has a master's degree in business administration and a doctorate in Chinese History. Notably, Mr. Yan's daughter, Dr. Ge Yan, also serves as a Board director at LightInTheBox.

LightInTheBox Holding Co. (NYSE: LITB), un rivenditore di e-commerce specializzato in abbigliamento, ha annunciato la nomina del Sig. Zhi Yan come direttore e presidente del Consiglio, a partire dal 26 agosto 2024. Il Sig. Yan sostituisce il Sig. Jian He come presidente, che rimarrà direttore e CEO. Il Sig. Yan ha precedentemente ricoperto il ruolo di direttore dal 2016 al 2023 e porta con sé un'esperienza vasta in vari settori, inclusi immobili commerciali, finanza e e-commerce.

Il Sig. Yan è il fondatore, CEO e presidente del Zall Smart Commerce Group (HKSE: 2098) e occupa posizioni di leadership in altre aziende. Possiede un master in amministrazione aziendale e un dottorato in Storia Cinese. È interessante notare che la figlia del Sig. Yan, la Dott.ssa Ge Yan, è anche direttrice del Consiglio di LightInTheBox.

LightInTheBox Holding Co. (NYSE: LITB), un minorista de comercio electrónico de ropa, ha anunciado el nombramiento del Sr. Zhi Yan como director y presidente de la Junta, efectivo a partir del 26 de agosto de 2024. El Sr. Yan reemplaza al Sr. Jian He como presidente, quien seguirá siendo director y CEO. El Sr. Yan se desempeñó anteriormente como director desde 2016 hasta 2023 y aporta una amplia experiencia en diversas industrias, incluidas propiedades comerciales, finanzas y comercio electrónico.

El Sr. Yan es el fundador, CEO y presidente del Zall Smart Commerce Group (HKSE: 2098) y ocupa cargos de liderazgo en otras empresas. Tiene una maestría en administración de empresas y un doctorado en Historia China. Cabe destacar que la hija del Sr. Yan, la Dra. Ge Yan, también es directora en LightInTheBox.

LightInTheBox Holding Co. (NYSE: LITB), 의류 전자상거래 소매업체가 Zhi Yan 씨를 이사 및 이사회 의장으로 임명했다고 발표했습니다. 임기는 2024년 8월 26일부터 시작됩니다. Yan 씨는 이사회 의장 역할을 Jian He 씨로부터 인수하며, He 씨는 계속해서 이사와 CEO로 재직할 예정입니다. Yan 씨는 2016년부터 2023년까지 이사로 활동했으며, 상업용 부동산, 금융 및 전자상거래 등 다양한 산업에서의 폭넓은 경험을 가지고 있습니다.

Yan 씨는 Zall Smart Commerce Group (HKSE: 2098)의 창립자이자 CEO, 의장으로 활동하고 있으며, 다른 회사에서도 리더십 직위를 맡고 있습니다. 그는 경영학 석사와 중국 역사 박사 학위를 보유하고 있습니다. 특히, Yan 씨의 딸인 Ge Yan 박사도 LightInTheBox 이사회 이사로 활동하고 있습니다.

LightInTheBox Holding Co. (NYSE: LITB), un détaillant de commerce électronique de vêtements, a annoncé la nomination de M. Zhi Yan en tant que directeur et président du Conseil, à compter du 26 août 2024. M. Yan remplace M. Jian He en tant que président, qui demeurera directeur et CEO. M. Yan a précédemment été directeur de 2016 à 2023 et apporte une vaste expérience dans divers secteurs, y compris immobilier commercial, finance et e-commerce.

M. Yan est le fondateur, CEO et président du Zall Smart Commerce Group (HKSE: 2098) et occupe des postes de direction dans d'autres entreprises. Il détient une maîtrise en administration des affaires et un doctorat en histoire chinoise. Il est à noter que la fille de M. Yan, Dr. Ge Yan, est également directrice au Conseil de LightInTheBox.

LightInTheBox Holding Co. (NYSE: LITB), ein E-Commerce-Händler im Bekleidungssektor, hat die Ernennung von Herrn Zhi Yan zum Direktor und Vorsitzenden des Vorstands bekannt gegeben, die am 26. August 2024 wirksam wird. Herr Yan übernimmt den Vorsitz von Herrn Jian He, der weiterhin als Direktor und CEO fungiert. Herr Yan war zuvor von 2016 bis 2023 als Direktor tätig und bringt umfangreiche Erfahrungen aus verschiedenen Branchen mit, einschließlich Gewerbeimmobilien, Finanzen und E-Commerce.

Herr Yan ist Gründer, CEO und Vorsitzender der Zall Smart Commerce Group (HKSE: 2098) und hat Führungspositionen in anderen Unternehmen inne. Er hat einen Master-Abschluss in Betriebswirtschaft und einen Doktortitel in Chinesischer Geschichte. Besonders erwähnenswert ist, dass die Tochter von Herrn Yan, Dr. Ge Yan, ebenfalls als Direktor im Vorstand von LightInTheBox tätig ist.

Positive
  • Appointment of experienced leader Mr. Zhi Yan as Board chairman
  • Mr. Yan brings extensive investment and corporate management experience across multiple industries
  • Continuity in leadership with Mr. Jian He remaining as CEO and director
Negative
  • Potential conflict of interest with Mr. Yan's daughter serving on the Board

SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced the appointment of Mr. Zhi Yan as a director to the board of directors of the Company (the "Board") and to succeed Mr. Jian He as the chairman of the Board, effective August 26, 2024 (the "Appointment"). Following the Appointment, Mr. Jian He will remain as a director of the Board and the Chief Executive Officer of the Company.

Mr. Zhi Yan has previously served as the Company's director from March 2016 to March 2023. He has extensive investment and corporate management experience in various industries, including commercial property, wholesale markets, finance, real estate, logistics, commerce and aviation. Mr. Yan is the founder, chief executive officer and chairman of the board of directors of Zall Smart Commerce Group Ltd. (HKSE Code: 2098). He is primarily responsible for the group's overall business and investment strategies and oversees the group's project planning, business and operation management. Mr. Yan is also a non-executive director and chairman of the board of directors of Wuhan Hanshang Group (SSE Code: 600774), as well as an independent director of DouYu International Holdings Limited (Nasdaq: DOYU). Mr. Yan received a master's degree in business administration for senior executives from Wuhan University in February 2008 and an executive master's degree in business administration from Cheung Kong Graduate School of Management in 2013. In June 2018, Mr. Yan was awarded a Doctorate in Chinese History from Wuhan University.

Mr. Yan's daughter, Dr. Ge Yan, serves as a director of the Board. There are no transactions, currently contemplated or since the beginning of the last fiscal year in which Mr. Yan has an interest requiring disclosure under Item 404(a) of Regulation S-K.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is an apparel e-commerce retailer that ships products to consumers worldwide. With a focus on serving middle-aged and senior customers, LightInTheBox leverages its global supply chain and logistics networks, along with its in-house R&D and design capabilities, to offer a wide selection of comfortable, aesthetically pleasing and visually interesting apparel that brings fresh joy to customers. LightInTheBox operates its business through www.lightinthebox.com, www.ezbuy.sg and other websites as well as mobile applications, which are available in over 20 major languages and over 140 countries and regions. The Company is headquartered in Singapore, with additional offices in California, Shanghai and Beijing.

For more information, please visit www.lightinthebox.com

Investor Relations Contact

Investor Relations
LightInTheBox Holding Co., Ltd.
Email: ir@lightinthebox.com

Jenny Cai
Piacente Financial Communications
Email: lightinthebox@tpg-ir.com

Brandi Piacente
Piacente Financial Communications
Tel: +1-212-481-2050
Email: lightinthebox@tpg-ir.com

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets" and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox's beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox's strategic and operational plans, are or contain forward-looking statements.

LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward- looking statement, including but not limited to the following: LightInTheBox's goals and strategies; LightInTheBox's future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox's ability to attract customers and further enhance customer experience and product offerings; LightInTheBox's ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox's expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/lightinthebox-announces-appointment-of-director-and-chairman-of-the-board-302231516.html

SOURCE LightInTheBox Holding Co., Ltd.

FAQ

Who is the new chairman of LightInTheBox (NYSE: LITB)?

Mr. Zhi Yan has been appointed as the new chairman of the Board of LightInTheBox Holding Co., (NYSE: LITB), effective August 26, 2024.

What is Mr. Zhi Yan's background and experience?

Mr. Zhi Yan has extensive experience in various industries, including commercial property, finance, and e-commerce. He is the founder, CEO, and chairman of Zall Smart Commerce Group and holds leadership positions in other companies. He has a master's degree in business administration and a doctorate in Chinese History.

What happened to the previous chairman of LightInTheBox (NYSE: LITB)?

The previous chairman, Mr. Jian He, will remain as a director of the Board and continue as the Chief Executive Officer of LightInTheBox (NYSE: LITB).

When did Mr. Zhi Yan previously serve as a director for LightInTheBox (NYSE: LITB)?

Mr. Zhi Yan previously served as a director of LightInTheBox (NYSE: LITB) from March 2016 to March 2023.

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing twelve ordinary shares

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