#China #Shanghai #Dingdong #Ed Chan #Le Yu

Dingdong (Cayman) Limited Welcomes New Independent Director

Dingdong (Cayman) Limited, a frontrunner in the fresh grocery e-commerce sector in China, has made an important board-level change. The company announced on October 1, 2026, that Mr. Ed Chan Yiu Cheong has officially resigned from his position as an independent director of the Board, effective September 30, 2026.

This departure was notably confirmed not to stem from any disputes or disagreements related to company operations or policies. The Chairman of Dingdong, Mr. Changlin Liang, expressed deep gratitude for Mr. Chan's contributions during his tenure, highlighting his dedication, diligence, and the rigorous approach he brought to his responsibilities as a director.

The board is keen to acknowledge Mr. Chan's invaluable service to the company as it looks towards a new chapter in its governance. In a statement, Mr. Liang thanked Mr. Chan and expressed well wishes for his future endeavors.

In a move to maintain continuity on the Board, Dingdong has appointed Ms. Le Yu as the new independent director. Ms. Yu, who stepped into this role on the same day of Mr. Chan’s resignation, brings a wealth of experience from her prior roles within the company. She served as the Chief Strategy Officer until September 2023 and has held various positions that solidify her understanding of Dingdong's operational and strategic landscape.

Before joining Dingdong, Ms. Yu worked as the General Counsel at Shanghai Yaya Information Technology and spent years as a legal manager in Hongda Communications Co., Ltd., a subsidiary of HTC Corporation in China. Her legal acumen is further supported by her academic credentials, having earned her bachelor's and master's degrees in economic law from Tongji University and Renmin University respectively.

The Board of Directors has certified that Ms. Yu meets the independence requirements set forth by the New York Stock Exchange, particularly the standards for audit committee members as per Rule 10A-3 of the Securities Exchange Act.

Upon her appointment, Ms. Yu stated, "I am delighted to return to Dingdong as an independent director. I will leverage my experience and knowledge of the Company to fulfill my responsibilities as an independent director." Her familiarity with Dingdong's operational ethos is considered a significant asset as the company navigates the fresh grocery e-commerce space.

Mr. Liang emphasized the board's enthusiasm in welcoming Ms. Yu back, stating her experience and comprehensive understanding of the company would prove to be invaluable in guiding Dingdong forward.

About Dingdong (Cayman) Limited

Dingdong is recognized as a leading player in the fresh grocery e-commerce market segment, committed to enhancing its sustainable long-term growth. It directly offers users and households a diverse range of fresh groceries, prepared foods, and more, ensuring an excellent shopping experience backed by a robust fulfillment grid. By harnessing deep insights into evolving consumer needs and leveraging strong food innovation capabilities, Dingdong has successfully introduced a range of private label products across various food categories, many produced at its dedicated manufacturing plants to ensure quality and safety.

Dingdong aims to be the preferred choice for consumers seeking fresh and high-quality food products. For additional information regarding Dingdong, interested parties can visit their official website.

This statement includes forward-looking information under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These assertions may involve inherent risks and uncertainties, and actual results could diverge from expectations due to several factors including market conditions, government policies, and customer relations. For comprehensive details, refer to the company's filings with the SEC.