SHANGHAI, Nov. 10, 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, shared its thoughts on promoting the
circular economy at a forum hosted by Deloitte at the fourth China
International Import Expo on November
6.
During the fourth China International Import Expo, Deloitte
hosted a forum named "China's turning point: How climate action can
drive our economic future". Mr. Kerry
Xuefeng Chen, Founder, Chairman, and Chief Executive Officer
of ATRenew, delivered a keynote speech via video conference. In his
speech, he shared the Company's experiences in promoting the
circulation of pre-owned consumer electronic products and its ESG
practices. Ms. Vivian Jiang,
Deloitte China Deputy CEO and Deloitte
China Chief Sustainability Officer, also showed the economic
costs of doing nothing and significant benefits of actively acting
on climate change for China. Mr. Allan
Xie, Deloitte China Climate and Sustainability Leading
Partner, addressed that every enterprise should take action to
speed up decarbonisation process and Deloitte would like to help
our clients shape responsible and resilient businesses in an
increasingly unpredictable world. Ms. Helen
Xu, Deloitte China Climate and Sustainability Associate
Director, introduced Deloitte five main integrated offerings about
Climate & Decarbonisation, Circular Economy, Sustainable Supply
Chain and ESG reporting.
At the macro level, China promulgates multiple policies for the
realization of its "dual-carbon" targets and the development of
circular-economy industries. In addition, it promotes green,
low-carbon, circular, and sustainable production and consumption.
ATRenew extends consumer electronics products' life cycles, thereby
mitigating the waste of resources and environmental pollution
caused by improper disposal. Furthermore, ATRenew has improved its
supply chain capabilities and increased the standardization and
scale of the second-hand electronics industry. Upstream of the
supply chain, these measures mean that the Company can ensure the
privacy of users through its technology capabilities to erase their
data on the equipment that is to be recycled. ATRenew also actively
promotes green growth and sustainable development in the industry
by setting ESG selection criteria for its downstream suppliers.
Kerry also commented: "Upholding the 'mission to give a second
life to all idle goods', we remain committed to our vision of
'transforming pre-owned consumer electronics transactions and
services globally' while supporting and promoting the development
of China's circular economy. Meanwhile, ATRenew will create a
sustainable future by actively engaging with all stakeholders,
including government departments, companies and institutions with
outstanding ESG practices at home and abroad, world-class
sustainability consultancies and rating agencies, third-party
partners, and upstream and downstream participants in the supply
chain."
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 industry.
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
applicable law.
Investor Relations Contact
In China:
AiHuiShou International Co. Ltd.
Investor Relations
Email: ir@aihuishou.com
In the United States:
ICR, LLC
Email: aihuishou@icrinc.com
Tel: +1-212-537-0461
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SOURCE AiHuiShou International Co. Ltd.