ATRenew Inc. announced that Mr. Lijun Xin and Mr. Yanzhong Yao have been appointed as new directors to the Company's board of directors (the "Board"), effective on September 30, 2022, to fill in the vacancies arising from the resignations of Mr. Lei Xu and Mr. Wei Tang. Mr. Lijun Xin will also replace Mr. Lei Xu to serve as a member of the compensation committee of the Board and a member of the nominating and corporate governance committee of the Board. Upon the appointment of Mr. Lijun Xin and Mr. Yanzhong Yao, the Board consists of eight members: Mr. Kerry Xuefeng Chen, Mr. Yongliang Wang, Mr. Lijun Xin, Mr. Yanzhong Yao, Mr. Chen Chen, Mr. Jingbo Wang, Mr. Guoxing Jiang and Ms. Rui Zhu.

Mr. Lijun Xin is chief executive officer of JD Retail. Mr. Xin joined JD.com in 2012 and has held several key positions within JD.com. He pioneered the integration of online retail and marketplace model in business operation when he was head of the Apparel & Home business department.

Later on, he led the establishment of JD.com's healthcare business and was appointed as chief executive officer of JD Health International Inc. (HKEX: 6618) in July 2019. Under the leadership of Mr. Xin, JD Health was successfully listed on HKEX in December 2020. Mr. Xin also serves as a director of Dada Nexus Limited since August 2022.

Mr. Xin holds an EMBA degree from China Europe International Business School and a bachelor's degree of science in electrical engineering and automation from Shanghai Jiao Tong University. Mr. Yanzhong Yao is presently senior vice president of JD.com and president of JD Electronics and Home Appliance. Since joining JD.com in 2004, Mr. Yao has held several executive positions of JD Retail, including President of JD Computers and Digital Products, JD Mobile Devices, and JD Life Services, etc.

Mr. Yao holds a joint EMBA degree from Peking University and the University of Hong Kong.