BEIJING, March 3, 2021 /PRNewswire/ -- RLX Technology
Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading
branded e-vapor company in China,
today announced the appointment of a new independent director to
its board of directors (the "Board"), Professor Youmin Xi,
effective immediately. Professor Xi will serve as a member of the
audit committee, compensation committee and nominating and
corporate governance committee of the Board.
Ms. Ying (Kate) Wang, Co-founder,
Chairperson of the Board of Directors and Chief Executive Officer
of RLX Technology, said, "We are pleased to welcome Professor
Youmin Xi to RLX Technology and with his extensive background and
experience in strategic management and organizational behavior, we
believe that he will bring great value to the Company. We look
forward to working closely with him and benefiting from his
valuable insights and extensive experience."
Professor Youmin Xi is Executive President and Board Member of
Xi'an Jiaotong-Liverpool University,
Pro-Vice-Chancellor of University of
Liverpool and a Professor at the School of Management of
Xi'an Jiaotong University. In 1987, Professor Xi established HeXie
theory and later extended it with his research team into the HeXie
(Harmony) Management Theory, one widely recognized in academic
circles.
Professor Xi gained his undergraduate degree in physics from
Xi'an Science and Technology University and his masters in system
engineering from Xi'an Jiaotong University. In 1987, he was the
first person in mainland China to
be awarded a doctoral degree in the field of management engineering
from Xi'an Jiaotong University, while in 1993 became the youngest
supervisor of PhD candidates in management engineering in
China.
Going forward, the Board will consist of five members, two of
whom are independent directors. In particular, the audit committee
will consist of Ying (Kate) Wang,
Zhejing Zhu and Youmin Xi, with Zhejing Zhu as the chairperson; the
compensation committee will consist of Ying
(Kate) Wang, Zhejing Zhu and Youmin Xi, with Ying (Kate) Wang as the chairperson; and the
nominating and corporate governance committee will consist of
Ying (Kate) Wang, Zhejing Zhu and
Youmin Xi, with Ying (Kate) Wang as
the chairperson.
About RLX Technology
RLX Technology (NYSE: RLX) is a leading branded e-vapor company
in China. RLX Technology leverages
its strong in-house technology and product development capabilities
and in-depth insights into adult smokers' needs to develop superior
e-vapor products. RLX Technology sells its products through an
integrated offline distribution and "branded store plus" retail
model tailored to China's e-vapor
market.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "is/are likely to," "potential,"
"continue" and similar statements. Among other things,
business outlook and quotations from management in this
announcement, as well as the Company's strategic and operational
plans, contain forward-looking statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including but not limited to statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release and in the attachments is current as of the date
of the press release, and the Company does not undertake any
obligation to update such information, except as required under
applicable law.
For more information, please contact:
In China:
RLX Technology Inc.
Head of Investor Relations
Sam Tsang
Email: ir@relxtech.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
Email: RLX@tpg-ir.com
In the United
States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: RLX@tpg-ir.com
View original
content:http://www.prnewswire.com/news-releases/rlx-technology-announces-changes-to-board-and-committee-compositions-301238503.html
SOURCE RLX Technology Inc.