ATRenew Highly Commended by Treasury Today Group’s Adam Smith Awards Asia 2021

SHANGHAI, Oct. 20, 2021 /PRNewswire/ — AiHuiShou World Co. Ltd. (“ATRenew” or the “Corporate”) (NYSE: RERE), a number one technology-driven pre-owned shopper electronics transactions and products and services platform in China, was once extremely recommended by means of Treasury As of late Staff’s Adam Smith Awards Asia 2021 (the “Awards”) for ‘Absolute best in Magnificence Treasury Answer’ within the PRC class.

ATRenew is a pioneer within the pre-owned shopper electronics transaction and repair trade in China. The Corporate guarantees its sustainable construction by means of steady enhancement of its company treasury purposes. ATRenew has followed a sequence of state-of-the-art practices in virtual and centralized account control, money making plans, and provide chain finance. Those state-of-the-art practices ensure treasury potency and accuracy, safeguard credit score and possibility keep an eye on, and make allowance efficient implementation of its service provider control machine. Amongst loads of remarkable corporates of main industries around the Asia-Pacific area, ATRenew stood out from the serious pageant.

Mr. Rex Chen, Leader Monetary Officer of ATRenew, commented, “We’re commemorated to obtain this popularity from Treasury As of late Staff’s Adam Smith Awards Asia 2021. The Awards are well known as without equal benchmark for company treasury success. Being extremely recommended by means of the judges for ‘Absolute best in Magnificence Treasury Answer’ within the PRC class is a testomony to our staff’s consistent enterprise. We can proceed to put money into and increase our company treasury staff. The staff is led by means of Ms. Shuang An, an impressive chief who possesses outstanding company treasury experience. We can additional reinforce our interior treasury processes to serve our stakeholders in the most productive imaginable means, and to create long-lasting social and shareholder worth.”

About AiHuiShou World Co. Ltd.

Headquartered in Shanghai, AiHuiShou World Co. Ltd. (“ATRenew”) (NYSE: RERE) operates a number one technology-driven pre-owned shopper electronics transactions and products and services platform in China underneath the emblem ATRenew, which stands for “All Issues Renew.” Since its inception in 2011, ATRenew has been on a undertaking to offer a 2nd lifestyles to all idle items, addressing the environmental affect of pre-owned shopper electronics by means of facilitating recycling and trade-in products and services and distributing the units to extend their lifecycle. ATRenew’s open platform integrates C2B, B2B, and B2C functions to empower its on-line and offline products and services. Thru its end-to-end protection of all the worth chain and its proprietary inspection, grading, and pricing applied sciences, ATRenew units the usual for China’s pre-owned shopper electronics trade.

Secure Harbor Commentary

This press free up accommodates statements that can represent “forward-looking” statements pursuant to the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. Those forward-looking statements will also be known by means of terminology akin to “will,” “expects,” “anticipates,” “targets,” “long run,” “intends,” “plans,” “believes,” “estimates,” “more likely to” and an identical statements. Amongst different issues, quotations on this announcement, include forward-looking statements. ATRenew might also make written or oral forward-looking statements in its periodic experiences to the U.S. Securities and Alternate Fee (the “SEC”), in its annual report back to shareholders, in press releases and different written fabrics and in oral statements made by means of its officials, administrators or staff to 3rd events. Statements that aren’t ancient information, together with statements about ATRenew’s ideals, plans and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Various elements may just purpose precise effects to range materially from the ones contained in any forward-looking observation, together with however no longer restricted to the next: ATRenew’s methods; ATRenew’s long run industry construction, monetary situation and result of operations; ATRenew’s skill to care for its dating with main strategic buyers; its skill to offer facilitate pre-owned shopper electronics transactions and supply related products and services; its skill to care for and strengthen the popularity and popularity of its emblem; common financial and industry stipulations globally and in China and assumptions underlying or associated with any of the foregoing. Additional knowledge relating to those and different dangers is incorporated in ATRenew’s filings with the SEC. All knowledge supplied on this press free up is as of the date of this press free up, and ATRenew does no longer adopt any legal responsibility to replace any forward-looking observation, aside from as required underneath acceptable legislation.

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