Prosus nominates Xu Ying for upcoming election to its Board as Independent Director

– NETHERLANDS, Amsterdam –  Prosus (LON:0A28) today announced the nomination of Ms Xu Ying for her appointment to its Board as a non-executive director at the next annual general meeting.

Effective 24 April 2020, Mr Ben van der Ross, independent non-executive director, stepped down from the Naspers and Prosus audit and risk committees and was appointed to the Naspers social, ethics and sustainability committee. The Board thanks Mr Ben van der Ross for his valuable contribution to the audit and risk committees.

With effect from 26 June 2020, Ms Xu Ying is expected to be appointed as a non-executive director of Naspers Limited. Ms Xu Ying is expected to be classified as an independent non-executive director of Naspers under the King Report IV on Corporate Governance for South Africa, 2016 and Prosus under the Dutch Corporate Governance Code.

About Xu Ying

Ms Xu Ying is the president of Wumei Technology Group, a technology-driven retailer in China. Deeply engaged in the retail business for 15 years, Ms Xu Ying has strong insight and knowledge of China consumers, especially in retail, online and offline. Prior to joining Wumei, Ms Xu Ying was Vice President of LG (a joint venture) at Tianjin International Trust & Investment.

Ms Xu Ying holds a B.S degree in English from Tianjin University, China, and an M.B.A. from Meinders School of Business, Oklahoma City University, United States.

For more information: https://www.prosus.com

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