ATRenew discusses China’s circular economy at the Fourth China International Import Expo

SHANGHAI, November 10, 2021 / PRNewswire / – AiHuiShou International Co. Ltd. (“ATRenew” or the “Company”) (NYSE: RERE), a technology-driven, pre-owned consumer electronic trading and services platform in China, shared his thoughts on promoting the circular economy at a forum hosted by Deloitte at the Fourth China International Import Expo on November 6.

During the fourth China International Import Expo, Deloitte hosted a forum titled “China’s Turning Point: How Climate Action Can Drive Our Economic Future”. Sir. Kerry Xuefeng Chen, Founder, President and CEO of ATRenew, delivered a keynote address via video conference. In his speech, he shared the Company’s experiences in promoting the circulation of used consumer electronics products and its ESG practices. M / s. Viviane Jiang, Deputy Managing Director of Deloitte China and Deloitte China Chief Sustainability Officer, also showed the economic costs of doing nothing and the significant benefits of actively acting on climate change for China. Sir. Allan Xie, Lead Partner of Deloitte China Climate and Sustainability, said every business must take action to accelerate the decarbonization process and Deloitte wants to help clients shape responsible and resilient businesses in an increasingly unpredictable world. M / s. Helen Xu, Associate Director of Climate and Sustainability at Deloitte China, presented Deloitte’s top five integrated offerings relating to climate and decarbonization, circular economy, sustainable supply chain and ESG reporting.

At the macro level, China is promulgating multiple policies for the achievement of its “double carbon” objectives and the development of circular economy industries. In addition, it promotes green, low-carbon, circular and sustainable production and consumption. ATRenew extends the life cycle of consumer electronics products, thereby reducing wasted resources and environmental pollution caused by improper disposal. In addition, ATRenew has improved its supply chain capabilities and increased the standardization and scale of the used electronics industry. Upstream in the supply chain, these measures allow the Company to guarantee the confidentiality of users thanks to its technological capacities to erase their data on the equipment to be recycled. ATRenew also actively promotes green growth and sustainable development in the industry by setting ESG selection criteria for its downstream suppliers.

Kerry also commented, “In championing the ‘mission to give all unused goods a second life’, we remain committed to our vision of ‘transforming used consumer electronic transactions and services on a global scale’, while supporting and promoting the development of China’s circular economy. Meanwhile, ATRenew will create a sustainable future by actively engaging with all stakeholders including government departments, companies and institutions with outstanding ESG practices at home and abroad, advisory and rating agencies. in world-class sustainability, third-party partners and upstream and downstream participants. in the supply chain. “

About AiHuiShou International Co. Ltd.

Based at Shanghai, AiHuiShou International Co. Ltd. (“ATRenew”) (NYSE: RERE) operates a technology-driven second-hand consumer electronic services and transactions platform in China under the brand ATRenew, which stands for “All Things Renew”. Since its inception in 2011, ATRenew’s mission has been to give all unused goods a second life, addressing the environmental impact of used consumer electronics by facilitating recycling and recycling services. exchange, and distributing devices to extend their life cycle. ATRenew’s open platform integrates C2B, B2B and B2C capabilities to strengthen its online and offline services. With end-to-end coverage of the entire value chain and proprietary inspection, grading and pricing technologies, ATRenew sets the standard for China’s used consumer electronics industry. .

Safe Harbor Declaration

This press release contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will.” , “Expects”, “anticipates”, “aims”, “future”, “intends”, “foresees”, “believes”, “believes”, “is likely to” and similar statements. Among other things, quotes in this announcement contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: ATRenew’s strategies; ATRenew’s future business development, financial condition and results of operations; ATRenew’s ability to maintain its relationship with major strategic investors; its ability to facilitate used consumer electronics transactions and provide relevant services; its ability to maintain and improve the recognition and reputation of its brand; general economic and trade conditions in the world and in China and the assumptions underlying or related to all of the above. Further information regarding these and other risks is included in the documents filed by ATRenew with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew assumes no obligation to update any forward-looking statement, except as required by applicable law.

Investor Relations Contact
In China:
AiHuiShou International Co. Ltd.
Investor Relations
Email: [email protected]

In United States:
ICR, LLC
Email: [email protected]
Phone. : + 1-212-537-0461

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SOURCE AiHuiShou International Co. Ltd.

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