SHANGHAI, Oct. 20, 2021 /PRNewswire/ -- AiHuiShou
International Co. Ltd. ("ATRenew" or the "Company") (NYSE: RERE), a
leading technology-driven pre-owned consumer electronics
transactions and services platform in China, was highly commended by Treasury Today
Group's Adam Smith Awards Asia 2021 (the "Awards") for 'Best in
Class Treasury Solution' in the PRC category.
ATRenew is a pioneer in the pre-owned consumer electronics
transaction and service industry in China. The Company ensures its sustainable
development by continuous enhancement of its corporate treasury
functions. ATRenew has adopted a series of cutting-edge practices
in digital and centralized account management, cash planning, and
supply chain finance. These cutting-edge practices guarantee
treasury efficiency and accuracy, safeguard credit and risk
control, and allow effective implementation of its merchant
management system. Among hundreds of outstanding corporates of
major industries across the Asia-Pacific region, ATRenew stood out from
the intense competition.
Mr. Rex Chen, Chief Financial
Officer of ATRenew, commented, "We are honored to receive this
recognition from Treasury Today Group's Adam Smith Awards Asia
2021. The Awards are widely recognized as the ultimate benchmark
for corporate treasury achievement. Being highly commended by
the judges for 'Best in Class Treasury Solution' in the PRC
category is a testament to our team's constant endeavor. We will
continue to invest in and develop our corporate treasury team. The
team is led by Ms. Shuang An, an
outstanding leader who possesses exceptional corporate treasury
expertise. We will further improve our internal treasury processes
to serve our stakeholders in the best possible manner, and to
create long-lasting social and shareholder value."
About AiHuiShou International Co. Ltd.
Headquartered in Shanghai,
AiHuiShou International Co. Ltd. ("ATRenew") (NYSE: RERE) operates
a leading technology-driven pre-owned consumer electronics
transactions and services platform in China under the brand ATRenew, which stands
for "All Things Renew." Since its inception in 2011, ATRenew has
been on a mission to give a second life to all idle goods,
addressing the environmental impact of pre-owned consumer
electronics by facilitating recycling and trade-in services and
distributing the devices to prolong their lifecycle. ATRenew's open
platform integrates C2B, B2B, and B2C capabilities to empower its
online and offline services. Through its end-to-end coverage of the
entire value chain and its proprietary inspection, grading, and
pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. ATRenew may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about ATRenew's beliefs,
plans and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: ATRenew's
strategies; ATRenew's future business development, financial
condition and results of operations; ATRenew's ability to maintain
its relationship with major strategic investors; its ability to
provide facilitate pre-owned consumer electronics transactions and
provide relevant services; its ability to maintain and enhance the
recognition and reputation of its brand; general economic and
business conditions globally and in China and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in ATRenew's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and ATRenew does not undertake any obligation
to update any forward-looking statement, except as required under
Investor Relations Contact
AiHuiShou International Co. Ltd.
In the United States:
SOURCE AiHuiShou International Co. Ltd.