Trip.com Group Announces Changes in Board Composition

Rhea-AI Summary

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) announced changes to its board of directors on February 11, 2025. Mr. Junjie He, a director nominated by Baidu, has resigned from his position. He will be replaced by Mr. Rong Luo, the current Executive Vice President of Baidu.

Mr. Luo brings significant financial leadership experience, having served as Baidu's CFO from November 2021 to October 2024. His prior roles include CFO positions at TAL Education Group and eLong Inc., as well as financial management positions at Lenovo Group and Microsoft. He holds degrees from Peking University and Tsinghua University.

According to Trip.com Group's articles of association, Mr. Luo will serve as director until the first annual general meeting following his appointment, where he will be eligible for re-election.

SINGAPORE, Feb. 11, 2025 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced that Mr. Junjie He, a director nominated by Baidu Inc. (Nasdaq: BIDU; HKEX: 9888) ("Baidu"), has tendered his resignation as a director of the Company, effective on February 11, 2025, and that Mr. Rong Luo, the executive vice president of Baidu Inc., has been appointed as a successor director of Trip.com Group following Mr. Junjie He's resignation.

Mr. Rong Luo has served as the Executive Vice President of Baidu since October 2024 and he previously served as the chief financial officer of Baidu from November 2021 to October 2024. Prior to joining Baidu, Mr. Luo served as the chief financial officer of TAL Education Group, an NYSE listed company, from November 2014 to October 2021 and played several key management roles. Prior to that, Mr. Luo was the chief financial officer of eLong Inc. from 2013 to 2014. Before that, Mr. Luo held different financial management positions at Lenovo Group and Microsoft. Mr. Luo holds bachelor's degrees in both information management and systems and economics from Peking University, a master's degree in management science and engineering from Tsinghua University, and a Ph.D. degree in management science from Peking University.

According to the Company's current articles of association, Mr. Luo will hold office as a director of the Company until the first annual general meeting following his appointment, at which point he will be eligible for re-election.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission "to pursue the perfect trip for a better world."

For further information, please contact:

Investor Relations
Trip.com Group Limited
Tel: (+86) 21 3406 4880 X 12229
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-announces-changes-in-board-composition-302373066.html

SOURCE Trip.com Group Limited

FAQ

Who replaced Junjie He on Trip.com Group's (TCOM) board of directors in February 2025?

Rong Luo, the Executive Vice President of Baidu, replaced Junjie He as a director of Trip.com Group on February 11, 2025.

What is Rong Luo's professional background before joining Trip.com Group's (TCOM) board?

Rong Luo served as Baidu's Executive Vice President since October 2024 and CFO from November 2021 to October 2024. He previously held CFO positions at TAL Education Group and eLong Inc., and worked in financial management at Lenovo Group and Microsoft.

How long will Rong Luo serve on Trip.com Group's (TCOM) board?

According to Trip.com Group's articles of association, Rong Luo will serve as director until the first annual general meeting following his appointment, where he will be eligible for re-election.

What is the relationship between Baidu and Trip.com Group (TCOM)?

Baidu has nomination rights for a director position on Trip.com Group's board, as evidenced by the resignation of Baidu-nominated director Junjie He and his replacement with Rong Luo, Baidu's Executive Vice President.