{"id":391484,"date":"2020-12-02T07:03:11","date_gmt":"2020-12-02T12:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391484"},"modified":"2020-12-02T07:03:11","modified_gmt":"2020-12-02T12:03:11","slug":"molecular-data-inc-announces-changes-of-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/molecular-data-inc-announces-changes-of-chief-financial-officer\/","title":{"rendered":"Molecular Data Inc. Announces Changes of Chief Financial Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SHANGHAI, China, Dec.  02, 2020  (GLOBE NEWSWIRE) &#8212; Molecular Data Inc. (\u201cMolecular Data\u201d or the \u201cCompany\u201d) (Nasdaq: MKD), a leading technology-driven platform in China\u2019s chemical industry, today announced that the Company has appointed Mr. Steven Foo as the new chief financial officer, effective December 1, 2020. Mr. Zhaohong Li has tendered his resignation as chief financial officer, for personal reasons.<\/p>\n<p align=\"justify\">\u201cWe greatly appreciate the contributions that Zhaohong has made during his tenure with the Company, leading our IPO, and building a public company finance team. We respect Zhaohong\u2019s decision and wish him the very best in his future pursuits,\u201d said Dr. Dongliang Chang, Founder and Chairman of the Board of Directors.<\/p>\n<p align=\"justify\">\u201cSteven has an extensive finance background, and operating experience in key international markets. Coupled with his analyst and asset management background and his strategic transaction expertise, I believe Steven will help Molecular Data accelerate in its next phase of growth,\u201d Dr. Chang added.<\/p>\n<p align=\"justify\">Mr. Foo brings over 24 years of investment, financing experience as well as financial management and restructuring work experience in Asia. Previously, Mr. Foo served as a member of the board of directors and chief financial officer of SOS Health Rescue Services. Prior to that, Mr. Foo served as a member of the board of directors and chief financial officer of Hebron Technology. Mr. Foo is a Fellow Chartered Accountant and Certified Public Accountant (CPA). In addition to his experience in securities laws and regulations compliance, Mr. Foo has extensive leadership experience in strategy, financial management and capital markets.<\/p>\n<p>\n        <strong>About Molecular Data Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Molecular Data Inc. is a leading technology-driven platform in China\u2019s chemical industry, connecting participants along the chemical value chain through integrated solutions. The Company delivers e-commerce solutions, financial solutions, warehousing and logistics solutions, and SaaS suite that are intended to solve pain points for participants in the traditional chemical industry. Built upon a comprehensive knowledge engine and artificial intelligence (AI) capabilities, the Company\u2019s e-commerce solutions are mainly offered through its online platform, consisting of <em>molbase.com<\/em>, <em>molbase.cn<\/em>, Moku Data WeChat account, Chemical Community APP and other ancillary platforms.<\/p>\n<p>\n        <strong>For investor and media inquiries, please contact:<\/strong>\n      <\/p>\n<p>In China:<\/p>\n<p>Molecular Data Inc.<br \/>Eva Ma<br \/>Tel: +86-21-6495-6998*8130<br \/>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iVO4VEiLHUalyFNl83xBgfOXgqV6j-UHOm-kDC5iabcT8hRmOkLmdqouytyesdWzkL1GYQhXqczUJ9x2BfME64RiLsjc_syxySKJNRrJJYM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investor@molbase.com<\/a><\/p>\n<p>The Piacente Group, Inc.<br \/>Emilie Wu<br \/>Tel: +86-21-6039-8363<br \/>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K80ORkEZksrYcsRjNgEJK4Z_KlJ6E0xOVmCppMbWtAvuSyj2rs6BNlUpzfSIEWaPURRIkc821AVd_I32qjc-pt7KpfPp7weEUPaq_bm39ok=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">molbase@tpg-ir.com<\/a><\/p>\n<p>In the United States:<\/p>\n<p>The Piacente Group, Inc.<br \/>Brandi Piacente<br \/>Tel: +1-212-481-2050<br \/>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K80ORkEZksrYcsRjNgEJK2-vgq4agTycdac7asZKp3xdrT9H6BfoltZCjzTml9x6XPzvJP_KTswGZt98pQVWv0i_Jhw9gnsEsqutWmkPbgU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">molbase@tpg-ir.com<\/a>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTQ1MiMzODUyNTQ4IzIxODk4ODU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8e92c41a-8851-4431-a884-2a27cf0856df\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, China, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Molecular Data Inc. (\u201cMolecular Data\u201d or the \u201cCompany\u201d) (Nasdaq: MKD), a leading technology-driven platform in China\u2019s chemical industry, today announced that the Company has appointed Mr. Steven Foo as the new chief financial officer, effective December 1, 2020. Mr. Zhaohong Li has tendered his resignation as chief financial officer, for personal reasons. \u201cWe greatly appreciate the contributions that Zhaohong has made during his tenure with the Company, leading our IPO, and building a public company finance team. We respect Zhaohong\u2019s decision and wish him the very best in his future pursuits,\u201d said Dr. Dongliang Chang, Founder and Chairman of the Board of Directors. \u201cSteven has an extensive finance background, and operating experience &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/molecular-data-inc-announces-changes-of-chief-financial-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Molecular Data Inc. Announces Changes of Chief Financial Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-391484","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Molecular Data Inc. Announces Changes of Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/molecular-data-inc-announces-changes-of-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Molecular Data Inc. Announces Changes of Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, China, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Molecular Data Inc. (\u201cMolecular Data\u201d or the \u201cCompany\u201d) (Nasdaq: MKD), a leading technology-driven platform in China\u2019s chemical industry, today announced that the Company has appointed Mr. Steven Foo as the new chief financial officer, effective December 1, 2020. Mr. Zhaohong Li has tendered his resignation as chief financial officer, for personal reasons. \u201cWe greatly appreciate the contributions that Zhaohong has made during his tenure with the Company, leading our IPO, and building a public company finance team. We respect Zhaohong\u2019s decision and wish him the very best in his future pursuits,\u201d said Dr. Dongliang Chang, Founder and Chairman of the Board of Directors. \u201cSteven has an extensive finance background, and operating experience &hellip; Continue reading &quot;Molecular Data Inc. Announces Changes of Chief Financial Officer&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/molecular-data-inc-announces-changes-of-chief-financial-officer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T12:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTQ1MiMzODUyNTQ4IzIxODk4ODU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/molecular-data-inc-announces-changes-of-chief-financial-officer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/molecular-data-inc-announces-changes-of-chief-financial-officer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Molecular Data Inc. 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