JD.com, Inc. announced that Ms. Sandy Ran Xu, the current chief financial officer of JD.com, has been appointed as the executive director of the Company to succeed Mr. Lei Xu. Mr. Lei Xu will retire from his positions as the chief executive officer and executive director of the Company due to personal reasons. Mr. Lei Xu will begin the process of handing the CEO role over to Sandy immediately, leaving ample time for a seamless transition before his retirement in June.

Mr. Xu has been with JD.com for over a decade in various senior roles and has made significant contributions to the Company's development. After his retirement, Mr. Xu will serve as the first chairman of the advisory council of JD.com and continue to participate in the high-quality development of the Company. Ms. Sandy Ran Xu has served as the chief financial officer of JD.com since June 2020.

Ms. Xu joined JD.com in July 2018, and oversaw group finance, accounting and tax functions in addition to serving as chief financial officer of JD Retail from July 2018 to May 2020. Prior to joining JD.com, Ms. Xu was an audit partner and spent nearly 20 years with PricewaterhouseCoopers Zhong Tian LLP, Beijing office and PricewaterhouseCoopers, San Jose office. Ms. Xu also serves as a director of JD Technology.

Ms. Xu received her bachelor's degree with a double major in information science and economics from Peking University.