Dada Announces Certain Management Changes

Core Viewpoint - Dada Nexus Limited has announced significant leadership changes, including the election of Mr. Kevin Qing Guo as the new chairman of the board and the resignation of Mr. Bing Fu as Interim President, which reflects the company's ongoing evaluation of its leadership structure in alignment with long-term development plans [1][2]. Group 1: Leadership Changes - Mr. Kevin Qing Guo has been elected as a director and chairman of the board, succeeding Mr. Ian Su Shan, who will remain a director and member of the nominating and corporate governance committee [1]. - Mr. Bing Fu has resigned as Interim President for personal reasons, effective August 20, 2024 [1]. Group 2: Company Overview - Dada Nexus Limited is recognized as China's leading local on-demand retail and delivery platform, operating JD NOW and Dada NOW, which are interconnected to enhance order volume and delivery efficiency [3]. - JD NOW is one of China's largest local on-demand retail platforms, while Dada NOW serves as a leading delivery platform for various merchants and individual senders [3].