Trip.com Group Announces Changes in Board Composition

Rhea-AI Summary

Trip.com Group Limited (Nasdaq: TCOM) announced board changes effective July 1, 2022. Dr. Dou Shen has resigned as a director, with Junjie He, a senior vice president at Baidu Inc. (Nasdaq: BIDU), appointed as his successor. Mr. He has a wealth of experience in investment and corporate management, having held multiple leadership roles at Baidu and various investment firms. Trip.com is a leading travel platform offering a range of services including accommodation reservations, transportation ticketing, and corporate travel management.

Positive

• Appointment of Junjie He as a new director could enhance strategic direction due to his extensive experience in corporate management and investments.

Negative

• None.

SHANGHAI, July 1, 2022 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that Dr. Dou Shen, a director nominated by Baidu Inc. (Nasdaq: BIDU; HKEX: 9888) ("Baidu"), has tendered his resignation as a director of the Company, effective on July 1, 2022, and that Mr. Junjie He, a senior vice president of Baidu Inc., has been appointed as a successor director of Trip.com Group following Dr. Dou Shen's resignation.

Mr. Junjie He joined Baidu in June 2019. Currently serving as a senior vice president of Baidu, Mr. He was appointed as the leader, and be in full charge, of the Mobile Ecosystem Group (MEG) in May 2022. Prior to his current position, Mr. He oversaw Baidu's M&A (Mergers & Acquisition), SIM (Strategic Investment Management), SOM (Sales Operation and Management), and FP&A (Financial Planning & Analysis) departments. Prior to joining Baidu, he had rich working experience with investment firms including China International Capital Corporation (CICC), CITIC Private Equity, Warburg Pincus and Tibet Langrun Capital. Mr. He currently also serves on the board of directors of iQIYI, Inc. (Nasdaq: IQ). Mr. He obtained his bachelor's degree from the Guanghua School of Management, Peking University in 2007.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com and Skyscanner, with the mission "to pursue the perfect trip for a better world."

For further information, please contact:

Investor Relations
Trip.com Group Limited
Tel: (+86) 21 3406 4880 X 12229
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-announces-changes-in-board-composition-301579386.html

SOURCE Trip.com Group Limited

FAQ

What recent changes occurred in Trip.com Group's board composition?

On July 1, 2022, Trip.com Group announced the resignation of Dr. Dou Shen and the appointment of Junjie He as a new director.

Who is Junjie He and what is his background?

Junjie He is a senior vice president at Baidu, appointed as a director of Trip.com Group. He has significant experience in corporate management and investment.

What does Trip.com Group do?

Trip.com Group is a leading travel service provider offering accommodation reservations, transportation ticketing, packaged tours, and corporate travel management.

When was the announcement about the board changes made?

The announcement regarding the board changes was made on July 1, 2022.

What is the stock symbol for Trip.com Group?

The stock symbol for Trip.com Group is TCOM, traded on Nasdaq.