Dada Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

Core Viewpoint - Dada Nexus Limited is currently evaluating a preliminary non-binding proposal and has engaged financial and legal advisors to assist in this process [1][2]. Company Overview - Dada Nexus Limited is recognized as China's leading local on-demand retail and delivery platform, operating two interconnected platforms: JD NOW and Dada NOW [3]. - JD NOW, formerly known as JDDJ, serves as one of China's largest local on-demand retail platforms for retailers and brand owners [3]. - Dada NOW is a prominent local on-demand delivery platform catering to merchants and individual senders across various industries and product categories [3]. - The integration of both platforms enhances order volume and delivery efficiency, benefiting participants on both sides [3].