Dada Nexus (DADA) Prices 9M ADS Follow-On Offering at $50/ADS

Dada Nexus Limited (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform, today announced the pricing of its underwritten follow-on offering of 9,000,000 American Depositary Shares (“ADSs”), each representing four ordinary shares of the Company, at a public offering price of US$50.00 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 1,350,000 additional ADSs from the Company. The offering is expected to close on December 7, 2020, subject to customary closing conditions.

The Company expects to use the net proceeds from the proposed offering for implementing its marketing initiatives and growing its user base, for investing in technology and research and development, as well as for general corporate purposes.

Goldman Sachs (Asia) L.L.C., BofA Securities, Inc., Jefferies LLC and Haitong International Securities Company Limited will act as the joint bookrunners for the proposed ADS offering. KeyBanc Capital Markets Inc. will act as the co-manager for the proposed ADS offering.

This offering is being made only by means of a written prospectus forming a part of the effective registration statement.

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