Baozun, Inc. Class A (HK:9991) has released an update.
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Baozun Inc. announces the appointment of Dr. Jun Wang and Ms. Bin Yu as directors, effective June 14, 2024, bringing extensive experience from their previous roles in technology investment and financial management. Shareholders are reminded of the unique weighted voting rights structure of the company, where Class A shares have one vote each and Class B shares have ten. This governance framework highlights the potential risks associated with such an investment structure.
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