LightInTheBox Holding Co., Ltd. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues decreased 4% year over year to $56.8 million as the company phased out long-tail products, while gross margin remained stable at 66.1%. Net income was $1.6 million compared to $2.0 million in the prior-year quarter, and Adjusted EBITDA declined to $1.9 million from $2.3 million. For the first half of 2026, revenues increased 3% to $108.8 million with net income rising to $2.7 million. The company also announced the closing of a private placement financing on August 10, 2026, raising approximately $5.49 million in gross proceeds to support its strategic transformation. Additionally, Ms. Wenyu Liu was appointed Chief Financial Officer effective August 21, 2026, succeeding Mr. Suhai Ji who resigned for personal reasons. LightInTheBox is a global direct-to-consumer e-commerce company that delivers consumer lifestyle products worldwide.

LightInTheBox Holding Co., Ltd. completed a private placement on August 10, 2026, raising approximately $5.49 million in gross proceeds. The company issued 21,397,409 ordinary shares at $0.2566667 per share ($3.08 per ADS). Chairman and CEO Jian He invested approximately $1.09 million through Conner Growth Holding Limited, increasing his beneficial ownership to roughly 24.1% of outstanding ordinary shares. Proceeds will strengthen financial flexibility and accelerate a strategic transformation toward an AI-enabled consumer platform, focusing on product discovery, personalization, and operational infrastructure. LightInTheBox operates as a global direct-to-consumer e-commerce company offering lifestyle products and services.

On August 10, 2026, LightInTheBox Holding Co., Ltd. completed a private placement of 21,397,409 ordinary shares to certain investors at $0.2566667 per share, generating approximately $5.49 million in gross proceeds. The company has agreed to register the resale of these shares and must file a registration statement with the SEC within 120 days. LightInTheBox Holding Co., Ltd. operates in the e-commerce industry, facilitating online retail sales.

LightInTheBox Holding Co., Ltd. has regained compliance with the listing requirements of the New York Stock Exchange (NYSE). The company operates in the e-commerce industry, providing a cross-border online retail platform.

On June 22, 2026, LightInTheBox Holding Co., Ltd. (NYSE: LITB) Board of Directors approved the appointment of Dr. Cheng Chen as an independent director, effective immediately. Dr. Chen, a former Apple Inc. Senior Director, holds a Ph.D. from Kent State University and will also serve on the audit, compensation, and corporate governance and nominating committees. LightInTheBox Holding Co., Ltd. operates in the e-commerce sector, providing a global cross-border e-commerce platform.</div>