Secoo (SECO) Announces Receipt of Preliminary Non-Binding Going Private Proposal

POTENTIAL DEAL DETAILS

Secoo Holding Limited (SECO), ‎Asia’s leading online integrated upscale products and services platform, today announced that its board of directors  has received a preliminary non-binding proposal letter, dated January 10, 2021, from Mr. Richard Rixue Li, founder, Chairman of the Board and Chief Executive Officer of the Company, proposing to acquire all of the outstanding class A ordinary shares of the Company, par value US$0.001 per share , not owned by him or his affiliates for US$3.27 per American depositary share , or US$6.54 per Class A Share in cash in a going private transaction.

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