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BLUECITY HOLDINGS LIMITED

(BLCT)
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BlueCity Holdings Limited Announces Changes to Board and Committee Compositions

11/01/2021 | 06:00am EST

BlueCity Holdings Limited announced the appointment of Mr. Guojie Shi as a new independent director to its board of directors (the "Board") and a member of the Board's compensation committee (the "Compensation Committee"), effective immediately. Ms. Rong (Ruby) Lu has recently resigned from her positions as an independent director, a member of the audit committee (the "Audit Committee") and the chairperson of the Board's Compensation Committee. After the changes, the Board will continue to consist of five members, four of whom are independent directors. The Audit Committee will consist of Mr. Shengwen Rong and Ms. Wenjie Wu, with Mr. Shengwen Rong as the chairperson. The Compensation Committee will consist of Mr. Guojie Shi, Mr. Baoli Ma and Mr. Weiru Chen, with Mr. Guojie Shi as the chairperson. Mr. Guojie Shi has been a teaching assistant for several courses at Hupan University since 2020. Mr. Shi, a founding member of Taobao.com, had served as the head of its marketing and business development department, and worked in the organization department at Taobao.com, Koubei.com, Alibaba Cloud, and Alibaba Group from 2004 to 2013. Prior to that, Mr. Shi served as a marketing manager at A. O. Smith (China) Water Heater Co. Ltd. from 2002 to 2004, a marketing manager at Shanghai Sanming Foodstuff Co. Ltd. from 2000 to 2002, and a brand manager at Ting Hsin International Group Tianjin Tingyi Food Co. Ltd. (Shanghai branch) from 1998 to 2002.


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Financials
Sales 2020 1 031 M 163 M 163 M
Net income 2020 -222 M -35,0 M -35,0 M
Net cash 2020 612 M 96,5 M 96,5 M
P/E ratio 2020 -9,01x
Yield 2020 -
Capitalization 307 M 48,4 M 48,4 M
EV / Sales 2019 -
EV / Sales 2020 1,68x
Nbr of Employees 755
Free-Float -
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Mean consensus -
Number of Analysts 0
Last Close Price 1,30 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Bao Li Ma Chairman & Chief Executive Officer
Jun Chen Sun Chief Financial Officer
Yuan Chen Liu Chief Technology Officer
Wen Jie Wu Independent Director
Sheng Wen Rong Independent Director
Sector and Competitors