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Vipshop Appoints New Chief Financial Officer

Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today announced that it has appointed Mr. David Cui as its new Chief Financial Officer to succeed the current Chief Financial Officer Mr. Donghao Yang, who will leave the position in the near future and serve the Company in his new capacity as a Non-Executive Director. Mr.Cui has joined the Company to prepare for the transition into his new role.

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“David brings with him extensive experience in public company accounting, internal control and financial management. We look forward to working with David to elevate the Company to the next level. ” said Mr. Eric Shen, chairman and CEO of Vipshop.

“Meanwhile, we greatly appreciate the significant contributions that Donghao has made to the Company’s growth and transformation in the past nine years. We believe the Company will continue to benefit from Donghao’s insights and experience as a Director of our Board,” Mr. Shen added.

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Before joining Vipshop, Mr. Cui was the Chief Financial Officer of Huami Corp. (NYSE: HMI) from August 2017 to September 2020. From August 2015 to April 2017, Mr. Cui was the Chief Financial Officer of China Digital Video Holdings Limited, a company listed on the Hong Kong Stock Exchange. Prior to that, Mr. Cui was an independent financial advisor to high growth companies on business strategies, fund raising, corporate governance and accounting matters. From April 2011 to August 2013, Mr. Cui was the Chief Financial Officer of iKang Healthcare Group, Inc., a company listed on the Nasdaq Stock Exchange. He was an audit senior manager of Deloitte Touche Tohmutsu, China from April 2007 to April 2011. Prior to that, Mr. Cui served multiple roles in public accounting and financial reporting in the United States and Canada. Mr. Cui has a bachelor’s degree in business administration from Simon Fraser UniversityCanada and is a licensed CPA in the United States and Canada.

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