Xin Lang Cai Jing·2025-12-11 04:16Core Viewpoint - Pop Mart has appointed Mr. Wu Yue as a non-executive director, effective from December 10, 2025, with a three-year initial term and specified compensation details [1][4]. Group 1: Appointment Details - Mr. Wu Yue, aged 69, holds a Bachelor's degree in International Relations and Humanities and a Master's degree in International Business and Marketing from York University, Canada [4][6]. - The appointment includes an annual fixed cash salary of HKD 1,200,000 and an annual share-based compensation of HKD 1,800,000 [1][4]. Group 2: Professional Background - From 1993 to February 2000, Mr. Wu served as General Manager and Managing Director of Parfums Christian Dior under LVMH, overseeing its operations in China [3][6]. - He held the position of Vice President for Sony Music Entertainment in Asia from February 2000 to October 2005, also focusing on the Chinese market [3][6]. - Since November 2005, Mr. Wu has been the President of LVMH Greater China, responsible for managing the multi-brand portfolio in the Chinese market [3][6]. Group 3: Market Context - On December 10, the stock price of Pop Mart reached a low of HKD 184.6 during trading, closing at HKD 190.4 per share, with a total market capitalization of HKD 255.7 billion, reflecting a nearly 44% decline from its peak in August [2][3].