SHANGHAI, Sept. 8,
2023 /PRNewswire/ -- Dingdong (Cayman) Limited
("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery
e-commerce company in China, today
announced the appointment of Mr. Song
Wang, the Senior Vice President, as the director of the
Company effective from September 30,
2023. Mr. Wang is currently primarily responsible for
managing the Company's finances and investor relationship
affairs.
With nearly 17 years of experience in China's consumer and retail industry, Mr.
Song Wang is no doubt an industry
veteran with deep insights of the sector the Company competes in.
Prior to joining the Company, Mr. Wang worked in a handful of
China's leading e-commerce and new
retail companies, endorsed by Alibaba (NYSE: BABA and HKEX: 9988).
He served as the financial director of Ele.me, the chief financial
officer of Lianhua Supermarket (HKEx: 0980), and head of the
finance department of Hema Fresh.
Prior to that, Mr. Wang worked in finance department of several
companies, managing and running their finance activities. He served
as the senior financial director of Yiguo E-Commerce, the head of
Financial Shared Service Center of Yihai
Kerry (more commonly known as Jinlongyu, SZSE: 300999), and
the financial manager of Huawei Technologies. Mr. Wang holds a
bachelor's degree in management from Tiangong University.
Mr. Wang stated: "I am thrilled to serve as a director of
Dingdong, and believe Dingdong is well positioned for continued
growth in the fresh grocery e-commerce sector during an opportune
time. I will work closely with our strong team of dedicated
professionals to execute on our business strategy."
"We are pleased to have Mr. Wang as a board member. I firmly
believe Mr. Wang will bring a wealth of financial expertise to our
already strong management team and these skills will serve our
investors well," commented Mr. Changlin
Liang, the Chairman and Chief Executive Officer of the
Company.
The company also announced that Ms. Le
Yu, a director and Chief Strategy Officer of the Company,
has tendered her resignation to step down from her current
positions due to personal reasons. Ms. Yu's resignation will be
effective from September 30, 2023.
Ms. Yu's resignation was not the result of any dispute or
disagreement with the Company or the Board of Directors of the
Company (the "Board") or any matter relating to the operation,
policies or practices of the Company. Ms. Yu will remain with the
Company in an advisory role to the Board.
"On behalf of the Company and the Board, I would like to express
our sincerest gratitude to Ms. Le
Yu, for her tremendous contributions and invaluable service
since joining the Company in 2015," commented Mr. Changlin Liang, Chairman and CEO of Dingdong,
"we wish her the best of success in her future endeavors."
About Dingdong (Cayman) Limited
We are a leading fresh grocery e-commerce company in
China, with sustainable long-term
growth. We directly provide users and households with fresh
produce, prepared food, and other food products through a
convenient and excellent shopping experience supported by an
extensive self-operated frontline fulfillment grid. Leveraging our
deep insights into consumers' evolving needs and our strong food
innovation capabilities, we have successfully launched a series of
private label products spanning a variety of food categories. Many
of our private label products are produced at our Dingdong
production plants, allowing us to more efficiently produce and
offer safe and high-quality food products. We aim to be Chinese
families' first choice for food shopping.
For more information, please visit: https://ir.100.me.
Safe Harbor 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," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue," or other similar expressions. Among other things,
business outlook and quotations from management in this
announcement, as well as Dingdong's strategic and operational
plans, contain forward-looking statements. Dingdong may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in its
interim and annual reports to shareholders, in press releases and
other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including but not limited to statements
about Dingdong's beliefs and expectations, are forward-looking
statements. 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: Dingdong's
goals and strategies; Dingdong's future business development,
financial conditions, and results of operations; the expected
outlook of the fresh grocery ecommerce market in China; Dingdong's expectations regarding
demand for and market acceptance of its products and services;
Dingdong's expectations regarding its relationships with its users,
clients, business partners, and other stakeholders; competition in
Dingdong's industry; and relevant government policies and
regulations relating to Dingdong's industry, and general economic
and business conditions globally and in China and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in the Company's filings with the SEC. All
information provided in this announcement and in the attachments is
as of the date of the announcement, and the Company undertakes no
duty to update such information, except as required under
applicable law.
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SOURCE Dingdong (Cayman) Limited
