Quhuo Announces Changes to Board of Directors

Rhea-AI Summary

Quhuo (NASDAQ: QH), a major gig economy platform in China, announced the resignation of board member Ms. Chenxi Zhao, effective May 16, 2024.

Quhuo confirmed that Ms. Zhao's resignation was not due to any disagreements related to business operations, financial reporting, controls, policies, or practices. CEO Leslie Yu expressed gratitude for Ms. Zhao's contributions and wished her success in future endeavors.

Positive

• Smooth resignation with no disagreements reported, maintaining corporate stability.
• Public appreciation by CEO may boost internal morale and external perception.

Negative

• Loss of a board member could indicate potential future leadership instability.
• Market uncertainty may arise due to a sudden change in the board composition.

BEIJING, May 17, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ: QH), a leading gig economy platform focusing on local life services in China, today announced that Ms. Chenxi Zhao has resigned from her position as a member of the board of directors (the "Board"), effective on May 16, 2024. The resignation of Ms. Zhao did not result from any disagreement with the Company on any matter relating to the Company's business operations, financial reporting or controls, policies or practices.

Leslie Yu, Chairman and Chief Executive Officer of Quhuo, commented, "On behalf of the Board, I would like to express my sincere gratitude to Ms. Zhao for her valuable contributions to Quhuo. We wish her continued success in her future endeavors."

About Quhuo

Quhuo Limited (NASDAQ: QH) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

For more information about Quhuo, please visit https://ir.quhuo.cn/.

View original content:https://www.prnewswire.com/news-releases/quhuo-announces-changes-to-board-of-directors-302148803.html

SOURCE Quhuo Limited

FAQ

When did Ms. Chenxi Zhao resign from Quhuo's board?

Ms. Chenxi Zhao resigned from Quhuo's board effective May 16, 2024.

Why did Ms. Chenxi Zhao resign from Quhuo's board?

Ms. Chenxi Zhao's resignation was not due to any disagreements related to the company's operations, financial reporting, controls, policies, or practices.

What is the stock symbol of Quhuo?

The stock symbol of Quhuo is NASDAQ: QH.

Who commented on Ms. Chenxi Zhao's resignation from Quhuo?

Leslie Yu, Chairman and CEO of Quhuo, commented on Ms. Chenxi Zhao's resignation.