NANJING, China, Nov. 17, 2017 /PRNewswire/ --
Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a
leading online leisure travel company in China, today
announced that Mr. Haifeng Yan,
co-founder, President and Chief Operating Officer, and Mr.
Conor Chia-hung Yang, Chief
Financial Officer, will resign from their positions with the
Company, effective November 17, 2017,
for personal reasons. Mr. Yan will continue to serve as a member of
the board of directors of the Company and Mr. Yang will serve as a
senior consultant to the Company.
Tuniu has promoted Ms. Maria Yi
Xin from Vice President of the Company to assume the
position of Chief Financial Officer. Ms. Xin joined Tuniu in 2013
and has over 10 years of experience in corporate finance and
capital markets with US-listed companies. While at Tuniu, Ms. Xin
has held various key roles at the Company such as Vice President of
investor relations, strategic investments and international media.
Prior to Tuniu, Ms. Xin worked in equity research at China
Renaissance, a leading financial institution in China. Prior to China Renaissance, Ms. Xin
worked at E-Commerce China Dangdang Inc., a leading
business-to-consumer e-commerce company in China then listed on the NYSE, and at New
Oriental Education and Technology Group Inc. (NYSE: EDU), the
largest provider of private educational services in China. Ms. Xin received Bachelor's degrees in
economics and law from Nankai University.
Mr. Dunde Yu, co-Founder, Chairman and
Chief Executive Officer of the Company, said, "We would like
to thank Mr. Yan and Mr. Yang for their contributions to Tuniu over
the years. Although they will be stepping away from day-to-day
operations, they will continue to work closely with Tuniu on the
company's strategy and business development. We are also very
delighted to promote Ms. Xin to the role of Chief Financial
Officer. Since joining Tuniu, Ms. Xin has been a key member of our
team and has helped Tuniu in many areas. Together, we look forward
to bringing Tuniu to new heights."
Third Quarter 2017 Preliminary Results
For the third quarter of 2017, Tuniu currently estimates that
its total net revenues will be in
the range of RMB800.0 million to
RMB810.0 million, above the
previous guidance of RMB761.5 million to
RMB787.7 million. Tuniu estimates
that its non-GAAP net income will be in the range of RMB35.0 million to RMB40.0 million, as compared
with a non-GAAP loss during the third quarter of 2016.
Ms. Maria Yi Xin, Chief Financial Officer, said, "We
expect solid performance for the third quarter as our core leisure
travel business continues to benefit from China's growing demand for leisure travel. On
the business operations side, Tuniu is leveraging its established
brand, dynamic technology infrastructure and extensive supply chain
to achieve greater efficiency. We will continue to scale our
operation as the leader in China's
online leisure travel market and to unlock value for our
shareholders."
Tuniu to Report Third Quarter 2017 Financial Results on
November 27, 2017 U.S. Time
Additional information regarding Tuniu's results for the third
quarter of 2017 will be available when Tuniu reports its quarterly
results on November 27, 2017, at
which time management will discuss the Company's financial and
business performance in more detail.
Tuniu's management will hold an earnings conference call
at 8:00 am U.S. Eastern Time on November 27,
2017 (9:00 pm Beijing/Hong Kong Time on November 27,
2017).
Listeners may access the call by dialing the following
numbers:
US
|
+1-888-346-8982
|
Hong Kong
|
800-905945
|
China
|
4001-201203
|
International
|
+1-412-902-4272
|
Conference
ID:
|
Tuniu Q3 2017
Earnings Call
|
A telephone replay will be available one hour after the end of
the conference call through December 4, 2017. The dial-in
details for the replay are as follows:
US
|
+1-877-344-7529
|
International
|
+1-412-317-0088
|
Replay Access
Code:
|
10114447
|
Additionally, a live and archived webcast of this conference
call will be available at http://ir.tuniu.com/.
About Tuniu
Tuniu (Nasdaq:TOUR) is a leading online leisure travel company
in China that offers a large
selection of packaged tours, including organized and self-guided
tours, as well as travel-related services for leisure travelers
through its website tuniu.com and mobile platform. Tuniu has over
1,800,000 stock keeping units (SKUs) of packaged tours, covering
over 400 departing cities throughout China and all popular destinations worldwide.
Tuniu provides one-stop leisure travel solutions and a compelling
customer experience through its online platform and offline service
network. For more information, please visit
http://ir.tuniu.com.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Tuniu may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, 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. Any statements
that are not historical facts, including statements about Tuniu's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but are not limited to
the following: Tuniu's goals and strategies; the growth of the
online leisure travel market in China; the demand for Tuniu's products and
services; its relationships with customers and travel suppliers;
the Company's ability to offer competitive travel products and
services; Tuniu's future business development, results of
operations and financial condition; competition in the online
travel industry in China; relevant
government policies and regulations relating to the Company's
structure, business and industry; and the general economic and
business condition in China and
elsewhere. Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with
the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the
press release, and Tuniu does not undertake any obligation to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
China
Mary Chen
Investor Relations Director
Tuniu Corporation
Phone: +86-25-8685-3178
E-mail: ir@tuniu.com
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SOURCE Tuniu