Dingdong announces the Change of Director


Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr. Song Wang, the Senior Vice President, as the director of the Company effective from September 30, 2023. Mr. Wang is currently primarily responsible for managing the Company’s finances and investor relationship affairs.

With nearly 17 years of experience in China’s consumer and retail industry, Mr. Song Wang is no doubt an industry veteran with deep insights of the sector the Company competes in. Prior to joining the Company, Mr. Wang worked in a handful of China’s leading e-commerce and new retail companies, endorsed by Alibaba (NYSE: BABA and HKEX: 9988). He served as the financial director of, the chief financial officer of Lianhua Supermarket (HKEx: 0980), and head of the finance department of Hema Fresh. Prior to that, Mr. Wang worked in finance department of several companies, managing and running their finance activities. He served as the senior financial director of Yiguo E-Commerce, the head of Financial Shared Service Center of Yihai Kerry (more commonly known as Jinlongyu, SZSE: 300999), and the financial manager of Huawei Technologies. Mr. Wang holds a bachelor’s degree in management from Tiangong University.

Mr. Wang stated: “I am thrilled to serve as a director of Dingdong, and believe Dingdong is well positioned for continued growth in the fresh grocery e-commerce sector during an opportune time. I will work closely with our strong team of dedicated professionals to execute on our business strategy.”

“We are pleased to have Mr. Wang as a board member. I firmly believe Mr. Wang will bring a wealth of financial expertise to our already strong management team and these skills will serve our investors well,” commented Mr. Changlin Liang, the Chairman and Chief Executive Officer of the Company.

The company also announced that Ms. Le Yu, a director and Chief Strategy Officer of the Company, has tendered her resignation to step down from her current positions due to personal reasons. Ms. Yu’s resignation will be effective from September 30, 2023. Ms. Yu’s resignation was not the result of any dispute or disagreement with the Company or the Board of Directors of the Company (the “Board”) or any matter relating to the operation, policies or practices of the Company. Ms. Yu will remain with the Company in an advisory role to the Board.

“On behalf of the Company and the Board, I would like to express our sincerest gratitude to Ms. Le Yu, for her tremendous contributions and invaluable service since joining the Company in 2015,” commented Mr. Changlin Liang, Chairman and CEO of Dingdong, “we wish her the best of success in her future endeavors.”

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