 BEIJING, Jan. 11, 2021 GLOBE NEWSWIRE -- Secoo Holding Limited Secoo or the Company NASDAQ: SECO, Asias leading online integrated upscale products and services platform, today announced that its board of directors the Board has received a preliminary non-binding proposal letter, dated January 10, 2021, from Mr. Richard Rixue Li, founder, Chairman of the Board and Chief Executive Officer of the Company, proposing to acquire all of the outstanding class A ordinary shares of the Company, par value US0.001 per share the Class A Shares, not owned by him or his affiliates for US3.27 per American depositary share ADS, with every two ADSs representing one Class A Share, or US6.54 per Class A Share in cash in a going private transaction the Proposed Transaction. The Proposed Transaction, if completed, would result in Secoo becoming a privately-held company, and Secoos ADSs would be delisted from the NASDAQ Global Market. 