Departure of Chairman, Chief Executive Officer
Ms. Yun Cheng has decided to step down from her roles as the chairman of the board of directors (the Board) and the Chief Executive Officer of
the Company, effective as of December 7, 2023.
Appointment of New Chairman, Director and Chief Executive Officer; Changes in Composition of Board
Committees
On December 7, 2023, the Board elected Mr. Zhen Huang as the chairman of the Board with immediate effect. In addition, the Board
approved the appointment of Mr. Chao Zou as a director of the Company and the appointment of Mr. Eric Chan as the Chief Executive Officer of the Company with immediate effect.
Aside from being a member of the Board, Mr. Chao Zou serves as an Executive President and Co-Chief Investment
Officer of Yuyuan Inc., the Chairman of Supervisory Board of Tom Tailor GmbH, a Director of Shede Spirits and Jinhui Liquor, and a Director of Shanghai Diamond Exchange. Mr. Zou was awarded 2022 China CFO Outstanding Person and
Top10 Capital Operations CFOs in China. Prior to joining Fosun Group, Mr. Zou served as the Incharge of Innovation Finance Department of Shimao Group, and Assurance Manager in KPMG China. Mr. Zou holds a bachelors degree
in business administration and a masters degree in business management from Shanghai University of Finance and Economics.
In addition to serving as
the Companys Chief Executive Officer, Mr. Eric Chan is Co-Chairman at Greater Yuyuan Commercial Development Group. Before joining Fosun Group in 2018, Eric had held senior roles at other
international corporations, including SECOO Group, K11 Concepts under Hong Kong New World Development Group, Wharf Group, CB Richard Ellis, Hong Kong MTR Corporation and Four Seasons Hotels & Resorts Group. As a seasoned executive,
Mr. Chan has over 30 years experience across a wide spectrum in commercial industry throughout omni-channel shopping platform, luxury commercial real estate projects, as well as offices and high-end
hotels & resorts. Mr. Chan holds a bachelors degree from The Hong Kong Polytechnic University for Hotel Management and an MBA degree from The University of Leicester.
Mr. Zhen Huang will serve as the chair of the Nominating and Corporate Governance Committees of the Board, and Ms. Weijin Fang will serve as a
member of Compensation Committee of the Board, following Ms. Chengs departure. With these changes, the committees will be comprised of the following directors and independent directors:
Audit Committee
Jurjan Wouda Kuipers (Chair),
Ceci Kurzman and Mitchell Alan Garber
Compensation Committee
Mitchell Alan Garber (Chair), Jennifer Fleiss, Weijin Fang and Max Chen
Nominating and Corporate Governance Committee
Zhen Huang (Chair), Ceci Kurzman, Jennifer Fleiss and Max Chen