BEIJING, December 28, 2021 (GLOBE NEWSWIRE) – Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ: SECO), the leading platform for premium integrated products and services in Asia, today announced that its board of directors (the “Board”) has approved the appointment of Mr. Jianji Liu to the Board as an independent director and the resignation of each of Ms. Qi Zhu and Mr. Jian Wang from their positions as directors of the Company, all with effect from December 28, 2021. Mr. Jianji Liu will also serve on the Compensation Committee as Chairman, the Audit Committee as a member and the Nomination and Corporate Governance Committee as a member, replacing Mr. Jian Wang’s positions within of these board committees.

Mr. Jianji Liu has been Managing Director of Shenzhen Jinxin Guotou Fund Management Co., Ltd since January 2018. From January 2015 to January 2018, Mr. Liu was Managing Director of Wumart Commercial Finance Co., Ltd. that he was deputy general manager of China State Construction Finance Co., Ltd. from December 2010 to January 2015. From April 2001 to December 2010, Mr. Jianji Liu worked at China Automotive Finance Co., Ltd. with his last post of Deputy Director General. Prior to that he worked at COSCO Group Finance Co., Ltd. with his last position as director of the financial planning department. Mr. Liu obtained a bachelor’s degree in finance from Zhengzhou University in June 1990 and a master’s degree in finance and banking from the Graduate School of Chinese Academy of Social Sciences in March 1998. Mr. Liu enrolled in the EMBA program in finance at Tsinghua PBC School of Finance. in September 2014.

“We each thank Ms. Qi Zhu and Mr. Jian Wang for their contributions to our Board of Directors during their respective terms,” said Mr. Richard Rixue Li, President and CEO of Secoo. “We are delighted and honored to welcome Mr. Jianji Liu to our Board of Directors. His vast experience spans over two decades in financial planning, asset management and strategic investing. I am confident that his broad expertise and strategic ideas will add great value to our Board of Directors and to our operations. We look forward to working with him as we grow our business and maximize value for all Secoo stakeholders. “

About Secoo Holding Limited

Secoo Holding Limited (“Secoo”) is Asia’s leading online premium integrated products and services platform. Secoo provides customers with a wide selection of genuine high-end products and lifestyle services on the company’s integrated online and offline shopping platform, which includes the website, mobile apps and offline experience centers, offering more than 420,000 SKUs, covering more than 3,800 global and national brands. . Backed by the company’s proprietary database of premium products, authentication procedures and cooperation with brands, Secoo is able to guarantee the authenticity and quality of every product offered on its platform. .

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Safe Harbor Declaration

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, quotes from the management of Secoo and the Company’s financial outlook. These forward-looking statements may be identified by words such as “will”, “estimate”, “project”, “predict”, “believe”, “expect”, “anticipate”, “intend”, ” “,” Objective “and similar statements. Secoo Holding Limited may also make written or oral forward-looking statements in its periodic reports to the United States 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. Such statements involve certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied in forward-looking statements. These forward-looking statements include, without limitation, statements regarding: the proposed transaction, the objectives and strategies of the company; its future business development, financial condition and results of operations; its ability to attract and retain new customers and increase revenue generated by loyal customers; its expectations regarding demand and market acceptance for its products and services; trends and competition in the Chinese e-commerce market; variations in its income and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese government policies relating to the Company’s industry and general economic conditions in China. For more information on these and other important factors that could adversely affect the business, financial condition, results of operations and prospects of the Company, please see its filings with the Securities and Exchange Commission of United States.

Secoo Holding Limited does not undertake any obligation to update any forward-looking statement, except as required by applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Secoo Holding Limited does not undertake to update such information, except as required by applicable law.

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