LightInTheBox Holding Co., Ltd. announced that: Zhi Yan ("Mr. Yan") has resigned as the chairman of the board of director (the "Board"), a director of the Company (the "Director") and a member of the corporate governance and nominating committee of the Board due to personal reasons, effective March 29, 2023; and Gang Yu ("Dr. Yu") has resigned as a Director and a member of the compensation committee of the Board due to personal reasons, effective March 29, 2023. The Board further announced that: Mr. Jian He ("Mr. He") has been appointed as the chairman of the Board, effective March 29, 2023. Ms. Ge Yan ("Ms. Yan") has been appointed as a Director, effective March 29, 2023; and Mr. Wei Yu ("Mr. Yu") has been appointed as a Director, effective March 29, 2023.

Mr. He is currently the chief executive officer and Director of the Company. Prior to joining the Company, Mr. He was the founder and chief executive officer of Ezbuy. Prior to founding Ezbuy, Mr. He worked in the semiconductor industry for nine years including at GlobalFoundries and SMIC.

As a core team member of the 0.18, 0.13-micron and 65nm technology nodes yield and product teams at GlobalFoundries and SMIC, Mr. He managed the rapid increase in the pace of technological change, innovation, and business applications. Mr. He holds a master's degree from Fudan University in electrical engineering and a bachelor's degree in electrical engineering from Zhejiang University. Ge Yan has served as its director since March 2023.

Ms. Yan received her bachelor's degree in International Management from King's College London. She received her master's degree in Regional and Urban Planning Studies from the London School of Economics and Political Science. Ms. Yan is currently pursuing her Doctor of Philosophy in Population Medicine at Peking Union Medical College.

Wei Yu has served as its director since March 2023. Mr. Yu has also served as an executive director of Zall Smart Commerce Group Ltd., the Co-President of North Hankou Group, and the Chairman of Zall International Trade Group Co., Ltd. Mr. Yu is currently responsible for the overall operation and management of the digital trade, international trade segment, overseas business and logistics and warehousing business of Zall Group. Mr. Yu has extensive experience in transportation, finance, digital trade, international commodities trading, internet logistics, strategic supply chain solution planning and risk management.

Mr. Yu has participated in the establishment of Wuhan Zall Cloud Group, Commodities Intelligence Centre in Singapore and ZMA Smart Capital. Mr. Yu received his Executive Master of Business Administration from China Europe International Business School in 2013.