BabyTree Group announced that Mr. Gao Min, a non-executive Director and the vice chairman of the Board, has been appointed as the co-chairman of the Board with effect from June 18, 2021. Mr. Gao and Mr. Wang Huainan, a non-executive Director and the current chairman of the Board, will provide leadership to the Board jointly. Mr. Gao will continue to serve as a non-executive Director and cease to act as the vice chairman of the Board. The Board announced that Mr. Wang Changying has resigned from his roles as a non-executive Director and a member of the strategic committee of the company with effect from June 18, 2021 to better focus on other business engagements. Mr. Chen Weijun has been appointed as a non- executive Director and a member of the strategic committee of the company with effect from June 18, 2021. Mr. Gao, aged 47, was appointed as a non-executive Director with effect from January 20, 2021 and as the vice chairman of the Board with effect from March 30, 2021. With effect from June 18, 2021, Mr. Gao has been appointed as the co-chairman of the Board. Since October 2018, he has worked at Shanghai Fosun High Technology (Group) Co. Ltd. and has served various positions including senior assistant to the president, co-chief human resource officer, vice president and global partner. He is also currently a non-executive director of Tebon Securities Co. Ltd. and a non-executive director of Baihe Jiayuan Network Group Co. Ltd. Mr. Chen, aged 41, has been appointed as a non-executive Director and a member of the strategic committee of the Company with effect from June 18, 2021. From November 2018 to January 2021, he served as the chief information officer, the chief innovation officer and the dean of medical healthcare and hardware research institute of the Shanghai branch of Ping An Health Internet Co. Ltd. Since January 2021, he has served as the vice president of Fosun International Limited and the president of the industrial internet business group of the company.