The board of directors of ANE (Cayman) Inc. announced that with effect from September 1, 2022, Mr. Zhu Jianhui (Mr. Zhu) resigned as an executive Director and chief operating officer of the company to devote more time on his personal business ventures. In addition, the Board resolves to engage Mr. Zhu as a consultant for his continuing advice to the Group for the period from September 10, 2022 to September 1, 2024 for quarterly consultancy fees of $250,000. The Board further announced that Mr. Jin Yun (Mr. Jin) has been appointed as an executive Director with effect from September 1, 2022. Mr. Jin is primarily responsible for the overall strategic planning and general management and execution of the business operations of Group. Mr. Jin, aged 47, joined the Group in February 2012 and has been working in a principal subsidiary of the Company, Anneng Juchuang Supply Chain Management (Shenzhen) Co. Ltd., since then, where he currently serves as the general manager. Prior to joining the Group, Mr. Jin worked at Guangzhou Feifan Aviation Passenger and Cargo Service Co. Ltd. from March 2000 to December 2011, where his last position was the marketing manager. Mr. Jin graduated from North China Institute of Aerospace Engineering with tertiary education qualification in accounting and auditing in June 1999. Mr. Jin did not hold any directorship in the last three years before the date of this announcement in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Jin shall enter into a service contract with the Company for a term of three years from September 1, 2022, subject to retirement by rotation and re-election at the annual general meeting in accordance with the articles of association of the Company. The Board announced the establishment of a strategic committee and Mr. Chen Weihao, Mr. Wang Jian, Ms. Li Dan and Mr. Wang Yongjun and Mr. Qin Xinghua were appointed as initial members of the Strategy Committee with effect from September 1, 2022. Mr. Chen Weihao will serve as the chairman of the Strategy Committee. The main functions of the Strategy Committee are to, without limitation, review, formulate and
approve the Group's vision, goals, strategies and management policies, to identify, assess and manage material operational and industry risks, and update the assessment results to the Board on a regular basis, to advise the Board on material organization changes of the Group, and to monitor
management performance and make management improvement suggestions. Mr. Zhu was an executive Director and the chief operating officer of the Company and served as directors of subsidiaries of the Company. He resigned from all positions within the Group with effect from September 1, 2022.