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Ruhnn Holding Limited (NASDAQ: RUHN), a prominent KOL facilitator in China, will announce its first quarter fiscal 2021 unaudited financial results on September 14, 2020, before U.S. markets open. Management will host a conference call at 8:00 AM ET on the same day. Participants must register online for the call to receive dial-in details. As of March 31, 2020, Ruhnn has 168 signed KOLs with a total of 206.3 million fans across major social media platforms in China, illustrating its expansive reach in the KOL ecosystem.
Ruhnn Holding Limited (NASDAQ: RUHN) filed its annual report on Form 20-F for the fiscal year ending March 31, 2020, with the SEC on August 14, 2020. The report is accessible on the company's website and the SEC's site. Additionally, the board appointed Tina Ying Shi as an independent director and expanded its Audit Committee to three independent members. Tina brings significant experience from her roles at Stanford University and Qunar. Concurrently, Zhenxing Shao resigned from the board due to personal reasons. Ruhnn specializes in KOL facilitation in China, linking influencers to brands.
Ruhnn Holding Limited (NASDAQ: RUHN) announced a RMB100 million initiative, named the BK Plan, aimed at investing in top key opinion leaders (KOLs) in China. This plan seeks to enhance the Company’s KOL pool, targeting influential KOLs across major social media platforms such as Bilibili and Douyin. The BK Plan aims to provide these KOLs with new monetization avenues, including e-commerce live-streaming and advertising campaigns. CEO Lei Sun emphasized that the plan will strengthen the Company’s platform model, attract more brands, and support the overall growth of the KOL industry.
Ruhnn Holding Limited (NASDAQ: RUHN), a top internet KOL facilitator in China, announced its participation in key investor conferences. These include the Guotai Junan Investment Strategy Seminar on June 19, 2020, and the Haitong International 2020 TMT Corporate Day on June 29, 2020. Management will hold virtual meetings with institutional investors during these events. As of March 31, 2020, Ruhnn has partnered with 168 KOLs, reaching 206.3 million fans across major Chinese social media platforms.
Ruhnn Holding Limited (NASDAQ: RUHN) reported its financial results for the fourth quarter and fiscal year ending March 31, 2020. Despite the impact of the Covid-19 pandemic, total net revenue grew 19% year-over-year to RMB1,295.9 million (US$183.0 million). Services revenue through the platform model surged 101% to RMB303.2 million (US$42.8 million). The company narrowed its adjusted net loss by 81% year-over-year to RMB13.6 million (US$1.9 million). The share repurchase program of up to US$15 million highlights confidence in long-term prospects.
Ruhnn Holding Limited (NASDAQ: RUHN) has announced a share repurchase program allowing up to US$15 million to buy back its American depositary shares over the next twelve months. The repurchases will be funded from existing cash reserves and may occur through open market purchases or privately negotiated transactions. This move is intended to enhance shareholder value and reflects the company's confidence in its business fundamentals. The board will periodically review the program's terms based on market conditions.
Ruhnn Holding Limited (NASDAQ: RUHN) announced its fourth quarter and full fiscal year 2020 earnings report to be released on June 3, 2020, before U.S. market opening. The earnings conference call is set for 8:00 AM ET on the same day, with registration required via a provided link. The company is a leading internet KOL facilitator in China, connecting influential key opinion leaders to a wide commercial network. As of December 31, 2019, Ruhnn had 159 signed KOLs and a fan base of 201.5 million across major platforms.