BlueCity appoints Alfred Chung-Chieh Ying as Chief Strategy Officer

BEIJING, July 15, 2021 / PRNewswire / – BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading LGBTQ online platform, today announced the appointment of Mr. Alfred Chung-ChiehYing as director of corporate strategy, effective immediately. Mr. Ying joins the BlueCity management team to focus on BlueCity’s strategy, capital markets, Mergers and Acquisitions.

Mr. Ying brings with him over 20 years of experience in the financial markets and in-depth knowledge of corporate finance, capital raising, business development and strategy. Prior to joining BlueCity, he held the position of CFO at Healthever Biotech and iFresh, where he was responsible for leading financial operations including accounting and control, financial planning and analysis, operations finance, investor relations and external reports. Prior to his tenure at iFresh, Mr. Ying was Director of Investor Relations and Senior Advisor to the Board of Directors of Safe-Run Machinery (Suzhou), Vice President of Equity Research at Piper Jaffrey Asia Securities Ltd and vice president of investment banking for the consumer industry at China Minsheng Banking Corp. He also previously served as vice president of investor relations and mergers and acquisitions at Daphne International Holdings, executive vice president of equity research at Grand Cathay Securities, and was deputy managing director for senior APAC technology research and Taiwan regional representative at BNP Paribas Peregrine Securities Ltd. Mr. Ying obtained his Master of Business Administration University of New South Wales, a Master of Science in Mechanical Engineering from National Chiao Tung University and a Bachelor of Mechanical Engineering from National Cheng Kung University.

Mr. Baoli Ma, Founder, President and CEO of BlueCity said, “Mr. Ying is a seasoned executive with a proven track record in improving operational efficiency and driving business development and strategy. We warmly welcome Mr. Ying to our management team as CSO, and I have no doubts that his extensive experience in capital markets and strategic planning will be of great value to BlueCity. Our entire team looks forward to working closely with Mr. Ying as our business enters a new phase with exciting growth to come. “

About BlueCity

BlueCity (NASDAQ: BLCT) is a leading online LGBTQ platform offering a full range of services to foster connections and improve the well-being of the LGBTQ community through its portfolio of brands. BlueCity’s BlueCity mobile app allows users to easily and securely connect, express themselves and access professional health-related services. Available in 13 languages, Blued connects users in around 170 countries and is the largest online LGBTQ community in China, India, Korea, Thailand and Vietnam. BlueCity’s brand portfolio also includes Finka, a leading gay social networking app for a younger generation in China, and LESDO, one of the leading lesbian social networking apps in China.

For more information please contact:

In China

BlueCity Holdings Limited
M / s. Lingling Kong
Director of Investor Relations
Phone: +86 10-5876-9662
Email: [email protected]

The Blueshirt group
M / s. Susie wang
Telephone: +86 138-1081-7475
Email: [email protected]

In United States:

The Blueshirt group
M / s. Julia qian
Telephone: +1 973-619-3227
Email: [email protected]

Cision

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SOURCE BlueCity Holdings Limited


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