Dada Announces Certain Management Changes

SHANGHAI, China, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced that Mr. Lijun Xin will step down as the Chairman of the Board and a member of the nominating and corporate governance committee of the Board (the “Nominating Committee”) for personal reasons, effective December 19, 2023. The board of directors of the Company (the “Board”) has named Mr. Ian Su Shan to succeed Mr. Xin as the Chairman of the Board and a member of the Nominating Committee, effective upon Mr. Xin’s resignation. Mr. Beck Zhaoming Chen has also notified the Board of his resignation as the Chief Financial Officer of the Company for personal reasons, effective December 19, 2023, and the Board has named Mr. Henry Jun Mao to succeed Mr. Chen as the Chief Financial Officer of the Company, effective upon Mr. Chen’s resignation.

Mr. Ian Su Shan has served as Chief Financial Officer of JD.com, Inc. (“JD.com”, NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)) since May 2023. He also serves as Chief Climate Officer of JD.com and a director of Deppon Logistics Co., Ltd. (Shanghai Stock Exchange stock code: 603056). Prior to his current role, he served as Chief Financial Officer of JD Logistics, Inc. Mr. Shan joined JD.com in December 2021. Prior to that, Mr. Shan worked at Lavender Hill Capital Partners from October 2019 to November 2021 and served as a Managing Director from January 2021 to November 2021. He also worked in the TMT Group of the Investment Banking Division at Goldman Sachs (Asia) L.L.C. from 2015 to 2019 and served as an Executive Director from January 2017 to September 2019. Mr. Shan received his bachelor’s degree in laws from China University of Political Science and Law, and his master’s degree in laws from University of Warwick. Mr. Shan is a CFA Charterholder.

Mr. Henry Jun Mao has been the Head of Investor Relations of JD Logistics, Inc. since January 2023. Prior to that, he was the Head of Financial Planning and Analysis of JD Logistics from May 2021 to December 2022 and the Director of Budgeting and Forecast of JD.com from December 2020 to May 2021. Prior to joining JD.com, Mr. Mao spent over 10 years at PricewaterhouseCoopers LLP in Beijing and San Jose, California, with his last position as senior manager in assurance practice. Mr. Mao received his bachelor’s degree from Beijing Language and Culture University and is a certified public accountant in China.