LightInTheBox announced that Zhi Yan has resigned as the chairman of the board of director, a director of the company and a member of the corporate governance and nominating committee of the board due to personal reasons, effective immediately. Also, Gang Yu has resigned as a director and a member of the compensation committee of the board due to personal reasons, effective immediately. Each of The company said Yan and Yu confirmed they have no disagreement with the board, the board committees of the company, the company, and there is no other matter relating to his resignation as the Director that needs to be brought to the attention of holders of securities of the company or The New York Stock Exchange. The board further announced that Jian He has been appointed as the chairman of the board, effective immediately. Ge Yan has been appointed as a director, effective immediately and Wei Yu has been appointed as a director, effective March 29. He is currently the chief executive officer and director of the company.
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