The board of directors of 7Road Holdings Limited announced that Mr. PENG Cheng has been appointed as an executive Director with effect from 8 March 2023, and would remain as the chief executive officer of the Company. The biographical details of Mr. Peng are set out as follows: Mr. PENG Cheng, aged 41, has been the chief executive officer of the Company since 1 September 2019. He has substantial experience in the online game industry and had successfully led the development of a number of premium online games.

From May 2005 to March 2010, Mr. Peng worked as a senior game producer at Shengda Games Limited. From April 2010 to July 2019, Mr. Peng was the vice president of Giant Network Group Co. Ltd. Mr. Peng graduated from Chengde Petroleum College in the People's Republic of China in July 2004.