{"id":741061,"date":"2023-03-18T07:52:14","date_gmt":"2023-03-18T11:52:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\/"},"modified":"2023-03-18T07:52:14","modified_gmt":"2023-03-18T11:52:14","slug":"mogu-announces-resignation-and-appointment-of-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\/","title":{"rendered":"MOGU Announces Resignation and Appointment of Chief Executive Officer"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nMOGU Announces Resignation and Appointment of Chief Executive Officer\n<\/p>\n<p>HANGZHOU, China&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>MOGU Inc.<\/b> (NYSE: MOGU) (\u201cMOGU\u201d or the \u201cCompany\u201d), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (\u201cMr. Chen\u201d) as the Chief Executive Officer of the Company (the \u201cCEO\u201d) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman of the board of the directors (the \u201cBoard\u201d).\n<\/p>\n<p>\nMr. Chen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as the CEO that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange.\n<\/p>\n<p>\nThe Board is pleased to announce the appointment of Mr. Yiming Fan (\u201cMr. Fan\u201d) as the new CEO of the Company, effective March 17, 2023.\n<\/p>\n<p>\nMr. Fan has been serving at the Company since 2014, and served as a brand director, a vice president of marketing and a general manager of business of Mogujie prior to his appointment as the CEO. At his prior position, Mr. Fan was in charge of the Company\u2019s live video broadcast, platform operation, marketing, branding public relations and other businesses. At the same time, Mr. Fan serves as a visiting professor at Suzhou University and acted as the final judge of various international marketing communication awards. Prior to joining the Company, Mr. Fan worked at an advertising company for 5 years, which is a member of The American Association of Advertising Agencies. Mr. Fan graduated from Jiangsu Normal University, majoring in advertising.\n<\/p>\n<p>\n\u201cI want to congratulate Mr. Fan on his new role at the Company,\u201d commented Mr. Qi Chen as the chairman of Board. \u201cMr. Fan is a proven business leader with a strong track record. His leadership and extensive experience will strengthen the Board and help MOGU fulfill its mission of making fashion accessible to everyone. I look forward to working with him closely as we enter the next exciting phase of our growth story.\u201d\n<\/p>\n<p><b>About MOGU Inc.<\/b><\/p>\n<p>\nMOGU Inc. (NYSE: MOGU) is a KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU\u2019s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience.\n<\/p>\n<p>\nFor more information on MOGU, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fir.mogu-inc.com&amp;esheet=53363548&amp;newsitemid=20230317005125&amp;lan=en-US&amp;anchor=http%3A%2F%2Fir.mogu-inc.com&amp;index=1&amp;md5=1bb42c1c8ae64326518402fd2628189b\">http:\/\/ir.mogu-inc.com<\/a>.\n<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>\nThis announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. MOGU may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), 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 statements about MOGU\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and MOGU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230317005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230317005125\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230317005125\/en\/<\/a><\/span><\/p>\n<p><b>For investor and media inquiries:<\/b><\/p>\n<p><b>MOGU Inc.<br \/>\n<br \/><\/b>Ms. Qi Feng<br \/>\n<br \/>+86-571-8530-8201<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@mogu.com\">ir@mogu.com<\/a><\/p>\n<p><b>Christensen Advisory<br \/>\n<br \/><\/b>In China<br \/>\n<br \/>Mr. Eric Yuan<br \/>\n<br \/>+86-10-5900-1548<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:eric.yuan@christensencomms.com\">eric.yuan@christensencomms.com<\/a><\/p>\n<p>\nIn the United States<br \/>\n<br \/>Ms. Linda Bergkamp<br \/>\n<br \/>+1-480-614-3004<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:linda.bergkamp@christensencomms.com\">linda.bergkamp@christensencomms.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Fashion Online Retail Retail Luxury Other Retail Technology Electronic Commerce<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>MOGU Announces Resignation and Appointment of Chief Executive Officer HANGZHOU, China&#8211;(BUSINESS WIRE)&#8211;MOGU Inc. (NYSE: MOGU) (\u201cMOGU\u201d or the \u201cCompany\u201d), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (\u201cMr. Chen\u201d) as the Chief Executive Officer of the Company (the \u201cCEO\u201d) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman of the board of the directors (the \u201cBoard\u201d). Mr. Chen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as the CEO that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange. The Board &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MOGU Announces Resignation and Appointment of Chief Executive 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-741061","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MOGU Announces Resignation and Appointment of Chief Executive 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\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MOGU Announces Resignation and Appointment of Chief Executive Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MOGU Announces Resignation and Appointment of Chief Executive Officer HANGZHOU, China&#8211;(BUSINESS WIRE)&#8211;MOGU Inc. (NYSE: MOGU) (\u201cMOGU\u201d or the \u201cCompany\u201d), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (\u201cMr. Chen\u201d) as the Chief Executive Officer of the Company (the \u201cCEO\u201d) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman of the board of the directors (the \u201cBoard\u201d). Mr. Chen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as the CEO that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange. The Board &hellip; Continue reading &quot;MOGU Announces Resignation and Appointment of Chief Executive Officer&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-18T11:52:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230317005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\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=\"3 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\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MOGU Announces Resignation and Appointment of Chief Executive Officer\",\"datePublished\":\"2023-03-18T11:52:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/\"},\"wordCount\":700,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230317005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mogu-announces-resignation-and-appointment-of-chief-executive-officer\\\/\",\"name\":\"MOGU Announces Resignation and Appointment of Chief Executive Officer - 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(NYSE: MOGU) (\u201cMOGU\u201d or the \u201cCompany\u201d), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (\u201cMr. Chen\u201d) as the Chief Executive Officer of the Company (the \u201cCEO\u201d) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman of the board of the directors (the \u201cBoard\u201d). Mr. Chen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as the CEO that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange. 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