The board of directors of China Digital Video Holdings Limited announced that Mr. Li Youliang has been appointed as an independent non-executive Director and will serve as the chairman of the audit committee and a member of the nomination committee of the Company with effect from 1 March 2023. Mr. Li, aged 58, has extensive accounting and managing experience in state ministries, financial institutions and state-owned enterprises in the People's Republic
of China ("China"). He served as a general manager of the capital operations department and the responsible officer of the management department of (China Far East International Trading Corporation in China), which is a wholly-owned subsidiary of (the State Council of the PRC), since October 2009. Mr. Li obtained his bachelor's degree in finance and accounting from (Zhongnan University of Economics and Law) (formerly known as (Zhongnan University of Finance and Economics*) in the PRC in July 1987.