SHANGHAI,China, Oct. 26, 2011 (GLOBE NEWSWIRE) -- Mecox Lane Limited ("Mecox Lane" or the "Company"), which operates one of China's leading online platforms for apparel and accessories as measured by revenues in 2010, announced today the following changes to the Company's board of directors (the "Board"):
- The resignation of Ms. Sandrine Zerbib from the Company's Board, for personal reasons, effective October 25, 2011; and,
- The appointment of Mr. Dazhong Qin as a new director of the Board, effective October 26, 2011.
Mecox Lane's Director and Chief Executive Officer Mr. Alfred Beichun Gu stated, "We are pleased to have Mr. Qin join our board. In addition to his deep industry expertise in the sports apparel sector, Mr. Qin brings his depth of financial, accounting and operational experience to Mecox Lane."
Mr. Gu continued, "On behalf of the entire board, I would like to thank Ms. Zerbib for her dedicated service to Mecox Lane, and I wish her all the best in her future endeavors."
Mr. Dazhong Qin has 14 years of experience in the sports apparel industry. He joined Beijing Dongxiang Sports Goods Co., Ltd. in October 2002 and currently serves as the chief operating officer of China Dongxiang (Group) Co., Ltd. Prior to this, Mr. Qin was responsible for corporate planning, international business and financial control at Beijing Li-Ning Sports Goods Co., Ltd. from 1997 to 2002. Mr. Qin received his bachelor's degree in Economics from Zhong Shan University and his EMBA from the Guanghua School of Management, Beijing University.
About Mecox Lane Limited
Mecox Lane Limited (Nasdaq:MCOX) operates one of China's leading online platforms for apparel and accessories as measured by revenues in 2010. The Company offers a wide selection of fashion products through its www.m18.com e-commerce website and physical store network. Product offerings include apparel and accessories, home products, beauty and healthcare products and other products, under the Company's own proprietary brands, such as Euromoda and Rampage, as well as under selected third-party brands, including established international and Chinese brands in addition to independent and emerging brands. For more information on Mecox Lane, please visit http://ir.m18.com.
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Safe Harbor: Forward Looking Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements can be identified by terminology such as "may", "will," "expects," "anticipates," "future," "intends," "plans," "believes," "aims", "estimates," "confident", "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. You should not place undue reliance on these forward-looking statements. Further information regarding these and other risks is included in the Company's annual report on Form 20-F as well as in its other filings with the Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.