ContextLogic Inc. announced upon completing the Asset Sale, Mr. Rishi Bajaj was appointed to serve as the Chief Executive Officer of the Company and will replace Jun (Joe) Yan, who will no longer serve in that role after the Closing. Rishi Bajaj, age 44. Mr. Bajaj has served as a director of the Company since November 2023.

Since 2009, Mr. Bajaj has served as the President and Chief Investment Officer of Altai Capital Management L.P. and is responsible for the management and operation of its investment management business. Prior to founding Altai Capital in 2009, Mr. Bajaj held positions at Silver Point Capital, L.P. and Gleacher Partners, LLC. Mr. Bajaj previously served on the boards of directors of MobileIron Inc. in 2020 and ServiceSource International Inc. from 2014 to 2016.

Mr. Bajaj graduated from The Wharton School at the University of Pennsylvania with a B.S. in Economics.