PDD Holdings Inc. announced that Dr. Qi Lu stepped down from the Company?s board of directors, effective as of November 28, 2023. The departure of Dr. Qi Lu was not due to any disagreement with the Company regarding its business, finance, accounting and/or any other matters. The Board now consists of six directors, three of whom are independent directors.

Following Dr. Qi Lu?s departure, Dr. Ivonne M.C.M. Rietjens joined the audit committee and nominating and corporate governance committee of the Board and Mr. George Yong-Boon Yeo joined the compensation committee of the Board, effective as of November 28, 2023.