Baozun Inc. appointed Dr. Gang Yu as an independent director of the Board, effective from April 27, 2018. The company also announced the resignation of Mr. David McKee Hand from the Board, effective from April 27, 2018. Mr. Hand did not resign due to any disagreement with the Company regarding its business, finance, accounting and/or any other affairs. Dr. Yu co-founded 111 Inc. in 2010 and currently serves as its executive chairman. The Board appointed Mr. Yiu Pong Chan as a member of the nominating and corporate governance committee to replace Mr. Hand, and appointed Mr. Steve Hsien-Chieng Hsia as the chairman of the nominating and corporate governance committee. The Board appointed Mr. Hsia as a member of the compensation committee to replace Mr. Hand, and appointed Mr. Chan as the chairman of the compensation committee. The above appointments shall become effective from April 27, 2018.