ATRenew Inc. announced that Rui Zhu has been appointed as a new independent director to the Company's board of directors, effective on May 17, 2022. Ms. Zhu will also replace Mr. Yongliang Wang to serve as a member of the audit committee of the Board. Mr. Yongliang Wang will continue to serve as a director of the Board and the President of the Company.

Upon the appointment of Ms. Zhu, the Board consists of eight members: Mr. Kerry Xuefeng Chen, Mr. Yongliang Wang, Mr. Lei Xu, Mr. Wei Tang, Mr. Chen Chen, Mr. Jingbo Wang, Mr. Guoxing Jiang and Ms. Rui Zhu. Ms. Rui Zhu is a professor of marketing and the director of Social Innovation Center in Cheung Kong Graduate School of Business ("CKGSB"). She has done extensive research on a number of topics, including consumer behavior, social innovation, and branding.

Prior to joining CKGSB, she was an associate professor of marketing and Canada Research Chair in consumer behavior at the University of British Columbia. Ms. Zhu received her PhD in Marketing from the University of Minnesota.