Q&K Announces Changes of Directors and Officer

Rhea-AI Summary

On February 28, 2022, Q&K International Group Limited (NASDAQ: QK) announced several key management appointments. Mr. Chen Chen has joined the nominating and corporate governance committee, while Mr. Jiamin Chen has been promoted to director and Vice President. Mr. Zongquan Yang has also been appointed as a director. Mr. Chen, who has been with Q&K since July 2019, previously worked at China Construction Bank. Mr. Yang has been with the company since May 2017, with prior experience at Yonyou Software Co. Additionally, Mr. Lin Lin resigned as director effective March 1, 2022, for personal reasons.

Positive

• Appointment of experienced individuals in key management roles enhances leadership.
• Mr. Jiamin Chen's promotion may leverage his experience in investment and financing for growth.
• Mr. Zongquan Yang's technical background can benefit product management and IT innovation.

Negative

• Resignation of Mr. Lin Lin could indicate potential instability in the board.
• -

SHANGHAI, China, Feb. 28, 2022 (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 (i) Mr. Chen Chen, an independent director of the Company, has been appointed as a member of the nominating and corporate governance committee of the board of directors of the Company, effective February 28, 2022, (ii) Mr. Jiamin Chen, current general manager of the investment and financing department of the Company, has been appointed as a director and Vice President of the Company, effective February 28, 2022, and (iii) Mr. Zongquan Yang, current head of product management department and senior manager of IT center of the Company, has been appointed as a director of the Company, effective February 28, 2022.

Mr. Jiamin Chen (“Mr. Chen”) joined the Company in July 2019 and has been serving as our general manager of the investment and financing department since then. From 2006 to 2019, Mr. Chen was a manager of the personal credit department at Shanghai Branch of China Construction Bank. Mr. Chen received his bachelor’s degree in computer science and technology from Shanghai University of Engineering and Technology in 2006.

Mr. Zongquan Yang (“Mr. Yang”) has been serving as our head of product management department and senior manager of IT center since May 2017. From 2009 to 2017, Mr. Yang was a project manager of E-Commerce Business and manager of research and development department at Yonyou Software Co., Ltd.. Prior to that, Mr. Yang was a development engineer and project manager of Shanghai Hengju Network Technology Co. from 2005 to 2009 and a development engineer at Shanghai Youfu Computer Network Co., Ltd. in 2005. Mr. Yang received his bachelor’s degree in computer science and technology from Nankai University in 2012.

The Company also announced that Mr. Lin Lin has resigned as a director of the Company, effective March 1, 2022. Mr. Lin resigned for personal reasons and has no disagreement with the Company. The Company’s board of directors would like to thank him for his service and contributions to the Company.

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: +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 recent management changes occurred at QK on February 28, 2022?

QK announced the appointment of Mr. Chen Chen to the nominating committee, Mr. Jiamin Chen as Vice President and director, and Mr. Zongquan Yang as director.

Who is Mr. Jiamin Chen in relation to QK?

Mr. Jiamin Chen has been appointed as Vice President and director; he has been with QK since July 2019, managing the investment and financing department.

What happened to Mr. Lin Lin at QK?

Mr. Lin Lin resigned as a director effective March 1, 2022, for personal reasons, without any disagreement with the company.