SHANGHAI, China, Feb. 14, 2025 – Dada Nexus Limited (NASDAQ: DADA), a leading Chinese on-demand retail and delivery platform, announced that its independent special committee, tasked with reviewing a preliminary non-binding proposal (dated January 25, 2025), has appointed Kroll, LLC as its financial advisor and Gibson, Dunn & Crutcher LLP as its U.S. legal counsel.

The special committee continues to assess the proposal. Shareholders and those trading the company’s securities are cautioned that no decisions have been made. There’s no guarantee a definitive offer will be received, a definitive agreement executed, or that any transaction will be approved or completed. Dada will only provide updates as legally required.

About Dada Nexus Limited

Dada Nexus Limited is a leading Chinese platform for local on-demand retail and delivery. It operates JD NOW (formerly JDDJ), a major local on-demand retail platform for retailers and brands, and Dada NOW, a leading local on-demand delivery platform open to various merchants and individuals. These platforms are interconnected; JD NOW’s high order volume boosts Dada NOW’s order density, while Dada NOW improves delivery for JD NOW users.

For more information, please visit https://ir.imdada.cn/.

Forward-Looking Statements

This release includes forward-looking statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, often using terms like “will,” “expects,” “anticipates,” and similar phrasing, involve risks and uncertainties. Actual results may differ materially. Factors affecting results include Dada’s strategies; its future business, financial state, and operations; its relationship with key investors; its ability to deliver efficient services and quality retail experiences; and maintaining brand recognition. Further details on risks are in Dada’s SEC filings. All information is current as of today; Dada is not obligated to update forward-looking statements unless legally required.

For investor inquiries, please contact:

Dada Nexus Limited
E-mail:

Christensen
In China
Mr. Rene Vanguestaine
Phone: +86-178-1749-0483
E-mail:
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail:

For media inquiries, please contact:

Dada Nexus Limited
E-mail:

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