The board of directors of ANE (Cayman) Inc. announced with effect from August 4, 2023, Mr. Wang Jian resigned as the non-executive Director, and ceased to be a member of the strategy committee of the Company to devote more time on his personal business ventures. The Board further announces Mr. Zhang Yinghao has been appointed as a non-executive Director with effect from August 4, 2023. Mr. Zhang, aged 46, joined the Company in August 2023. Mr. Zhang has been working at Beijing Panmao Investment Management Co. Ltd. since January 2019. From August 2004 to January 2009, Mr. Zhang served as the managing director of China Life Insurance Co. Ltd. a company that specialises in asset management, where he last served as the division manager in the investment management department. From January 2009 to August 2011, Mr. Zhang served as the managing director of CITIC Private Equity Funds Management Co. Ltd. a company that specialises in asset management. Since November 2016, Mr. Zhang has served as the director of CIIC Guanaitong (Shanghai) Technology Co. Ltd. an employee benefit solutions provider listed on the National Equities Exchange and Quotations Co. Ltd. Mr. Zhang currently serves as the non- executive director of ManpowerGroup Greater China Limited a company listed on the Stock Exchange. Mr. Zhang obtained a bachelor's degree in science from Henan University in the PRC in July 1998. Mr. Zhang also obtained a master's degree in management from Lancaster University
in the United Kingdom in November 2001 and a master's degree in finance from The University of Manchester in the United Kingdom in November 2002.
The Board further announces that, Mr. Zhang has been appointed as a member of the Strategy Committee with effect from August 4, 2023.