On October?18, 2021, Mr.?Xiaobao An resigned from his position as Chairman of the Board of Directors (the ?Board?) of Xiaobai Maimai Inc. (the ?Company?). On the same date, Mr.?An was appointed as the Vice President of the Company and shall continue to lead the Company?s e-commerce business. On October?18, 2021, Ms.?Yilin (Linda) Wang, the Company?s Co-Chief Executive Officer, was appointed as the new Chairwoman of the Board to fill in the vacancy created by Mr.?Xiaobo An?s resignation.