Clover Biopharmaceuticals, Ltd. announced the appointments of Lily Yang as Chief People Officer. These appointments further strengthen Clover's global executive leadership team to drive its next phase of growth and operational success. Ms. Yang will also work closely with LiongHo Chua, Clover's President of Greater China, to establish and lead a China-focused operational leadership team in advance of the anticipated launch of COVID-19 vaccine candidate, SCB-2019 (CpG 1018/Alum), in China and around the world.

Lily Yang has over 20 years of experience in human resources, corporate culture innovation, and organizational change management, working across Greater China, the rest of Asia, and the U.S. She has served as Clover's Senior Vice President of Human Resources since May 2021. Prior to Clover, she was Vice President of People and Culture at WeWork Greater China, where she was part of the global executive leadership team. At WeWork, Ms. Yang grew its Greater China operations from 50 employees to over 2,000, led the company's scalable growth and innovation initiatives, and successfully created a unique WeWork culture.

Before WeWork, she held international and local corporate HR leadership roles at Nike, Levi Strauss & Co, Nielsen, and General Motors, where she oversaw leadership and talent development, designed collaboration-based organizational strategies, and drove high-performance culture. Ms. Yang received her MBA from Fudan University & BI Norwegian Business School and a bachelor's degree from East China Normal University. Clover also announced that Phillip Lee has decided to step down as Clover's Chief Operating Officer for personal reasons, but will remain with the company as a strategic advisor to ensure a smooth transition.

Clover expresses its gratitude to Mr. Lee for his dedicated service and significant contributions to the company.