Q&K Announces Change to Board of Directors

Rhea-AI Summary

On April 22, 2021, Q&K International Group Limited (NASDAQ: QK) announced the resignation of Mr. Bing Xiao as a director for personal reasons, effective immediately. His departure was amicable, with no disagreements reported with the Company. Q&K expressed gratitude for his contributions and wished him well. As a leading technology-driven long-term apartment rental platform in China, Q&K focuses on enhancing user experience through advanced IT and mobile technologies, managing a portfolio of affordable branded apartments across various cities.

Positive

• Continued focus on technology in operational processes may enhance efficiency.
• Leadership changes can bring fresh perspectives to the company's strategy.

Negative

• Mr. Bing Xiao's resignation could raise concerns about continuity in leadership.
• Potential experience gap in the board may affect strategic decision-making.

SHANGHAI, China, April 22, 2021 (GLOBE NEWSWIRE) -- Q&K International Group Limited (NASDAQ: QK) (“Q&K” or the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced that Mr. Bing Xiao has resigned as a director of the Company, effective April 22, 2021. Mr. Xiao resigned for personal reasons and has no disagreement with the Company. The Company’s board of directors thank him for his contributions and wishes him all the best in his future endeavors.

About Q&K

Q&K International Group Limited (NASDAQ: QK) is a leading technology-driven long-term apartment rental platform in China. The Company offers young, emerging urban residents conveniently-located, ready-to-move-in, and affordable branded apartments as well as facilitates a variety of value-added services. Q&K leverages advanced IT and mobile technologies to manage rental apartments in various cities in China. Technology is the core of Q&K’s business and is applied to its operational process from apartment sourcing, renovation, and tenant acquisition, to property management. The focus on technology enables Q&K to operate a large, dispersed, and fast-growing portfolio of apartments with high operational efficiency and deliver a superior user experience.

For investor and media inquiries, please contact:

Q&K
E-mail: ir@qk365.com

Christensen
In China
Mr. Rene Vanguestaine
Phone: +86-10-5900-1548
E-mail: rvanguestaine@ChristensenIR.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

FAQ

What was the reason behind Mr. Bing Xiao's resignation from QK?

Mr. Bing Xiao resigned from QK for personal reasons and had no disagreements with the Company.

When did Mr. Bing Xiao resign as a director of QK?

Mr. Bing Xiao resigned effective April 22, 2021.

How could Mr. Bing Xiao's resignation impact QK's operations?

His resignation might raise concerns regarding continuity and experience within the board, potentially affecting strategic decisions.

What does QK International Group focus on?

QK focuses on providing technology-driven long-term apartment rentals and enhancing user experience through advanced IT and mobile technologies.