BlueCity Announces o Promotion – GuruFocus.com

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BEIJING, May 19, 2022 (GLOBE NEWSWIRE) — BlueCity Holdings Limited (“BlueCity” or the “Company”) (BLCT), a leading online LGBTQ platform, today announced that it has promoted Mr. Junchen Sun, Director interim financial officer of the Company, to the Chief Financial Officer, as of May 19, 2022.

Mr. Sun joined BlueCity in February 2017 and has served as the company’s Acting Chief Financial Officer since May 2021. Prior to joining BlueCity, he served as Financial Controller at MicroMedia Holdings Limited from 2015 to 2017 and Senior Partner at PricewaterhouseCooper Zhong Tian LLP, Tianjin Branch, from 2011 to 2015. Mr. Sun received his bachelor’s degree in accounting from Tianjin University of Finance and Economics in 2011 and a master’s degree in business administration from Peking University in 2018.

Mr. Baoli Ma, Founder, Chairman and CEO of BlueCity, said, “As an integral part of our management team for several years, Mr. Sun has accumulated extensive knowledge of our business operations and strategies. As he continues to lead our financial management efforts, we are confident in our ability to achieve our strategic and financial objectives.

About Blue City
BlueCity (BLCT) is a leading online LGBTQ community offering a full range of services to foster connections and improve the well-being of the LGBTQ community. The society meets the daily and lifelong needs of its members through a wide range of targeted and personalized services, including social media, live streaming and health-related services. By committing to providing a high-quality user experience, ensuring privacy, and promoting community health and well-being, BlueCity has won the hearts and minds of LGBTQ people across the world. Available in 13 languages, BlueCity’s Blued mobile app has connected more than 60 million registered users in approximately 170 countries and regions.

Forward-looking statements
This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may”, “will”, “expect”, ” anticipates”, “aims”, “estimates”, “intends”, “plans”, “believes”, “is/are likely to”, “potential”, “continues” and similar statements. BlueCity may also make written or oral forward-looking statements in its periodic reports to the United States 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. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the United States Securities and Exchange Commission. All information provided in this press release and in the attachment is current as of the date of the press release, and the Company undertakes no obligation to update such information, except as required by applicable law.

For more information please contact:

In China:

BlueCity Holdings Limited
Investor Relations
Phone: +86 10-5876-9662
E-mail: [email protected]

The Blueshirt Group
Ms Ally Wang
Phone: +86 139-0106-6802
E-mail: [email protected]

In the USA:

The Blueshirt Group
Ms Julia Qian
Phone: +1 973-619-3227
E-mail: [email protected]

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