The board of directors of China Wood Optimization (Holding) Limited announced that with effect from 22 November 2022, Mr. Chen Wandong has been appointed as an independent non-executive Director and a member and chairman of the audit committee of the Company. Mr. Chen, aged 46, graduated from Heilongjiang Business School in 2000 with a bachelor's degree in accounting. He is a certified public accountant in the People's Republic of China with about 23 years of experience in finance, auditing and financial consulting.

From 2001 to 2003, Mr. Chen gained experience in finance while working in certain subsidiaries then owned by Lian Hwa Foods Corporation, a company listed on the Taiwan Stock Exchange and then principally engaged in food manufacturing. From 2004 to 2006 and 2009 to 2019, he worked at Zhongchen Certified Public Accountants Co. Beijing Hongri Certified Public Accountants Co.

Ltd. Dongfang Zerui (Beijing) Certified Public Accountants Beijing Dehe Certified Public Accountants GP and Da Hua Certified Public Accountants LLP. From 2006 to 2009, Mr. Chen worked in Sinofert Holdings Limited, a company listed on The Stock Exchange of Hong Kong, where he held various positions including financial manager and internal audit manager. He currently serves as a project manager in Da Hua Certified Public Accountants LLP and an independent director in China Liberal Education Holdings Limited, a company listed on Nasdaq Stock Market.