On June 1, 2023, the employment agreement between Hongli Group Inc. and Ms. Yachun (Daisy) Wang in her capacity as Chief Financial Officer of the Company expired. Following expiration of her employment agreement, Ms. Wang continued to serve as Chief Financial Officer of the Company temporarily, until the Company appoints her replacement. On September 29, 2023, the Board of Directors of the Company approved the Company?s appointment of Ms. Xiangmei Zeng as replacement of Ms. Yachun (Daisy) Wang, effective as of October 1, 2023.

Ms. Xiangmei Zeng is a financial services executive and consultant, experienced in financial management in listed corporations. Since August 2020, Ms. Zeng has acted as financial manager of the Company, where she manages and coordinates daily accounting activities. From December 2014 to December 2019, Ms. Zeng served as financial manager of North China region in Guangdong HAID Group Co.

Ltd. (SHE: 002311), an agricultural and animal husbandry high-tech enterprise, where she led an accounting team of 23 members. From December 2012 to December 2014, Ms. Zeng acted as financial manager in Jiangxi GETO New Material Co. Ltd. (SZ:300986), a listed company in construction material industry, where she led the company?s overall IPO strategy and relevant accounting management.

From October 2009 to August 2012, Ms. Zeng was financial manager in Byvin Corporation, a Chinese manufacturer of electric vehicles, where she managed overall accounting activities. Ms. Zeng studied in Jinan Vocational College and Shandong University.