58.com Inc. (“58.com” or the “Company”), China’s largest online classifieds marketplace, announced changes to its board of directors (the “Board”) and appointment of new Chief Strategic Officer.
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58.com has appointed Ms. Lily Li Dong and Mr. Robert Frank (Bob) Dodds as independent directors, effective on April 13, 2020. The Board reviewed their independence and determined that they satisfied the “independence” requirements under applicable rules and regulations. Ms. Dong will serve on the audit committee and nominating and corporate governance committee of the Board, and Mr. Dodds on the compensation committee of the Board. Mr. Frank Lin has tendered his resignation as a director on the Board and a member of all the committees of the Board.
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Ms. Lily Li Dong is an independent non-executive director, a member of the audit committee, the remuneration committee and the nomination committee of YiXin Group, a company listed on Hong Kong Stock Exchange. Ms. Dong joined YiXin Group in June 2017 and was appointed as independent non-executive director in November 2017. From August 2015 to June 2017, Ms. Dong was the chief financial officer of eDaijia, an online designated driver service provider. Prior to that, she served as chief financial officer at RDA Microelectronics, Inc., a fabless semiconductor company previously listed on Nasdaq Global Select Market, from November 2007 to July 2015, and was its director from January 2014 to July 2015. Prior to that, Ms. Dong worked for Hewlett-Packard in China since 1992, and was the Finance Operations Manager of Hewlett-Packard Technology (Shanghai) Co., Ltd. when she left in 2005. Ms. Dong received her bachelor’s degree in economics from the Nanjing University of Sciences and Technology, and her executive master’s degree in business administration from China Europe International Business School.