On September 8, 2022, the Board of Directors of ContextLogic Inc. announced that Vijay Talwar had been terminated from his position as Chief Executive Officer of the Company, with such termination effective September 8, 2022 In connection with Mr. Talwar's termination, Mr. Talwar resigned from his position as a member of the Board. On September 8, 2022, the Company also announced the appointment of Jun Yan as Interim Chief Executive Officer and Principal Executive Officer effective as of September 8, 2022 The Company intends to undertake an executive search for a permanent CEO. Jun Yan is an experienced executive with experience in developing and executing growth strategies.

Mr. Yan has been an operating partner of GGV Capital, a global venture capital firm, since April 2022, where he has supported portfolio companies in the consumer internet, ecommerce, and other sectors. Mr. Yan was previously managing director and head of greater China at Stripe from November 2020 to March 2022 where he developed the go-to-market strategy and led efforts to implement the operating plan. Prior to his time at Stripe, Mr. Yan was Wish's Vice President from August 2020 until November 2020.

He previously was head of strategic partnerships at Google China from October 2017 to February 2019. Mr. Yan has also served as vice president at VIP.com, as a managing director at Fosun Group, and as a director in Alibaba Group. Prior to Alibaba, Mr. Yan brought 11 years of experience in the areas of ecommerce operation, business development, and sales and marketing.

Earlier in his career, Mr. Yan served as a head of global selling at Amazon China. From September 2018 until June 2022, Mr. Yan served as an independent director at Rise Education Group, a leading service provider in China's junior after-school English teaching and tutoring services. Mr. Yan holds an E.M.B. A from China Europe International Business School, an M.B.A. from Peking University, and a bachelor's degree in Economics from University of Science and Technology Beijing.