Dada Nexus Limited announced that, Mr. Jeff Huijian He, who formerly served as the Company?s President is stepping down following the substantial completion of the Independent Review that was separately disclosed in the Company?s Form 6-K today. Mr. Bing Fu, who currently leads the Company?s Dada Now business, will serve as the Company?s Interim President and oversee the Company?s business operations under the guidance of the board of directors, effective immediately. Meanwhile, the board of directors is actively evaluating the Company?s leadership composition in light of the Company?s long term development plans.

Mr. Bing Fu has served as the General Manager of the Company?s Dada Now business since August 2022, and he is an expert in the logistics space. Prior to this, Mr. Fu held multiple managerial roles in JD Logistics Inc. with his last position as Chief Strategy Officer. Mr. Fu holds a bachelor?s degree in automation from the University of Science and Technology Beijing and an EMBA degree from China Europe International Business School.