The board of directors of Besunyen Holdings Company Limited announced that Mr. YU Hongjiang ("Mr. Yu") has been appointed as an executive Director of the Company with effect from 11 November 2022. Mr. Yu, aged 57, is the Executive Vice President and Chief Operating Officer of the Group. Mr. Yu is also a director, a supervisor and the legal representative of several subsidiaries of the Group.

Mr. Yu joined the Group in July 2000 and has more than 31 years of experience in the field of finance. Between 1987 and 1989, Mr. Yu served as a manager of the finance department at Tianjin Binhai Company Limited. Between 1997 and 2000, Mr. Yu worked at Beijing Green World Nutrition Health Products Co.

Ltd., as the chief financial officer. Mr. Yu graduated from Shanxi University of Finance and Economics in 1987 and obtained a bachelor's degree in economics with a major focus in accounting. He obtained an Executive MBA degree from the National School of Development at Peking University in 2013.