99 Loyalty Limited announced the appointment of Mr. Scott Sheng to Executive Director and Mr. Shujie Zhou as Leader of Technology. Mr. Scott Sheng, the current CEO of 99 Loyalty, has been appointed the Executive Director to replace Dr. Tao Wen. Mr. Sheng was appointed the Chief Executive Officer (CEO) role in January 2022.

Mr. Sheng joined the management team when the Company was established and has led the sales and operation team enabling it to achieve significant development of the businesses. The Board welcomes Mr. Sheng in his new role with an effective appointment date as Executive Director is 31 May 2022. Mr. Shujie Zhou, current Senior Research & Development director, has been appointed the leader of technology effective 31 May 2022.

Mr. Zhou is experienced in the establishment and management of technology R&D team at 99 Loyalty Technology. As a core team leader, he has participated and managed the development of the Company's technology and service platforms. Mr. Zhou joined the Company in 2013 and has over 10 years Research & Development experience, responsible for the overall planning, design and development of medium and large-scale Internet projects. Prior to joining 99 Loyalty Technology, he worked as a computer architect at Handpay and held the position of Operations director at CIIC human resources management consulting company.

Dr. Tao Wen has stepped down as an Executive Director and CTO of the company for personal reasons. The resignation is effective 31st May 2022.