BabyTree Group announced Mr. XU Chong has ceased to be the chief financial officer, and Mr. GAO Xiaoguang has been appointed as the chief financial officer, with effect from 11 April 2023. Mr. Gao will be responsible for the overall management of the Group's financial and treasury affairs. Mr. Gao, aged 46, joined the Group in April 2023.

Prior to joining the Group, from August 2000 to May 2007, Mr. Gao worked for Beijing Shuanghe Modern Pharmaceutical Technology Co. Ltd. as financial director and financial manager. From September 2007 to September 2008, he served as the financial director of Beijing Shuanghe Pharmaceutical Equipment Co.

Ltd. From September 2008 to May 2015, Mr. Gao served as the financial director of Beijing Bewinner Communications Co. Ltd. From June 2015 to April 2018, he served as the director and financial director of Zhongrui Deke (Beijing) Industrial Design Co. Ltd. and Hebei Kaiyun Automobile Manufacturing Co.

Ltd. From May 2018 to September 2020, Mr. Gao served as the chief financial officer of Hainan Yedao (Group) Co. Ltd. From September 2020 to September 2021, he served as the financial director of Shede Spirits Co. Ltd. From October 2021 to December 2022, Mr. Gao served as the deputy chief financial officer and joint general manager of the industrial operation financial control center of Shanghai Yuyuan Tourist Mart (Group) Co.

Ltd. From January 2023 to March 2023, he served as the chief financial officer and general manager of the financial capital center of Shanghai Hanchen Watch Industry Group Co. Ltd. Mr. Gao received a bachelor's degree in accounting from Beijing University of Science and Technology in July 2000 and a master's degree in accounting from Tsinghua University in January 2012.