Vipshop Holdings Limited announced that the company has enhanced the independence of its Board of Directors through the appointment of Mr. Chun Liu as a new independent director, effective March 22, 2013. Mr. Liu replaces Mr. Xing Peng, a non-independent director, who voluntarily tendered his resignation from his position as director of the Board on the same day. Mr. Liu will also succeed Mr. Frank Lin, an existing director of the company, in his role as a member of the Audit Committee of the Board.

Mr. Chun Liu is currently the vice president and managing director of Sohu.com Inc., and chief operating officer of Sohu Video. Prior to joining Sohu, Mr. Liu worked with Phoenix TV from 2000 to 2011. His last position was Executive Director and the head of Phoenix TV Beijing Program Center.

Earlier in his career, Mr. Liu worked in the Youth Division and News Commentary Department in CCTV, China's state television broadcaster.