Tuniu Announces Appointment of New Administrators

NANJING, China, Feb. 9, 2021 /PRNewswire/ — Tuniu Corporation (NASDAQ:TOUR) (“Tuniu” or the “Business”), a top on-line leisure vacation enterprise in China, today announced that powerful February 9, 2021, Mr. Jiangtao Liu and Mr. Shiwei Zhou were being appointed as administrators to the Firm’s board of directors, replacing Mr. Shengli Hu and Mr. Tao Yang, who resigned from the board productive on the same date. Mr. Jiangtao Liu also replaced Mr. Shengli Hu as a member of the Firm’s payment committee. The appointment of Mr. Liu is in relationship with the closing of transactions contemplated beneath the Share Order Settlement among sure subsidiaries of both JD.com, Inc. and Caissa Sega Tourism Lifestyle Advancement Group Co., Ltd. on November 20, 2020.

Mr. Jiangtao Liu joined Caissa Team in 2019 and currently serves as Chief Executive Officer of Caissa Team, and Chairman of the Board of Caissa Tourism (000796. SZ), an A-share business shown on the Shenzhen Inventory Trade. Prior to joining Caissa Group, Mr. Liu served as Vice Chairman of Secoo Group, Executive Director and Senior Vice President of Elion Assets Group and Vice Chairman of HNA Tourism Group Co. Mr. Liu been given a bachelor’s diploma in engineering from Nanjing College of Aeronautics and Astronautics and is at present pursuing an EMBA diploma in the PBC College of Finance at Tsinghua University.

Mr. Zhou at the moment serves as Vice President of Company Strategy & Financial commitment at Trip.com (NASDAQ: TCOM), leading the Company’s strategic M&A action and investments. Mr. Zhou joined Journey.com in November 2015 as the head of its investor relations department. Just before signing up for Vacation.com, Mr. Zhou worked in equity investigation on each the get facet and the provide side in the US, covering the technology, authentic estate, and hospitality sectors. Prior to that, he worked in a non-public investment fund, investing in US real estate property. Mr. Zhou is a Accredited Financial Analyst (CFA) and gained an MBA diploma from the College of Southern California, a Learn of Science diploma from Columbia University, and a Bachelor of Engineering degree from Tongji College.

About Tuniu

Tuniu (Nasdaq:TOUR) is a primary on the internet leisure travel enterprise in China that provides a large assortment of packaged excursions, like arranged and self-guided tours, as properly as vacation-linked products and services for leisure tourists as a result of its web site tuniu.com and cellular platform. Tuniu covers about 420 departing cities all through China and all preferred destinations globally. Tuniu delivers a person-cease leisure journey options and a compelling consumer encounter by way of its on the internet platform and offline service network, together with a committed workforce of skilled purchaser assistance associates, 24/7 simply call facilities, extensive networks of offline retail stores and self-operated neighborhood tour operators. For a lot more information, please pay a visit to http://ir.tuniu.com.

Safe Harbor Assertion

This push launch is made up of ahead-seeking statements produced under the “harmless harbor” provisions of Portion 21E of the Securities Trade Act of 1934, as amended, and the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-on the lookout statements can be determined by terminology these as “will,” “expects,” “anticipates,” “long term,” “intends,” “programs,” “believes,” “estimates,” “self-confident” and very similar statements. Tuniu could also make created or oral forward-seeking statements in its reports submitted with or furnished to the U.S. Securities and Trade Commission, in its yearly report to shareholders, in press releases and other written materials and in oral statements manufactured by its officers, directors or employees to third functions. Any statements that are not historical points, which include statements about Tuniu’s beliefs and expectations, are ahead-looking statements that require aspects, threats and uncertainties that could induce true outcomes to vary materially from those in the forward-seeking statements. This sort of elements and risks contain, but are not minimal to the subsequent: Tuniu’s aims and tactics the expansion of the on the web leisure journey market in China the need for Tuniu’s products and services its associations with customers and travel suppliers the Firm’s capacity to offer you competitive travel goods and companies Tuniu’s long run business development, effects of operations and monetary affliction opposition in the on the internet travel market in China appropriate governing administration guidelines and restrictions relating to the Firm’s construction, enterprise and business the affect of the COVID-19 on Tuniu’s business enterprise functions, the vacation business and the overall economy of China and elsewhere frequently and the typical economic and business condition in China and in other places. Further information about these and other hazards, uncertainties or variables is bundled in the Company’s filings with the U.S. Securities and Trade Commission. All information presented in this press launch is present as of the day of the push launch, and Tuniu does not undertake any obligation to update this kind of details, except as needed below applicable legislation.

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