On August 9, 2022, Wei Zhang was elected as a director of the Company and the chairman of the Board of Directors of the Company to fill in the vacancy created by the resignation of Biao Lu, effective immediately. Ms. Wei Zhang graduated from Harbin Institute of Technology with a bachelor's degree in international economics and Trade in the year of 2007. Ms. Wei Zhang has substantial experience with management and corporate governance.

She has assisted and counselled many US listed Chinese companies in various industries and fields for business operations and compliance issues. Ms. Wei Zhang has no family relationships with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Ms. Wei Zhang had, or will have, a direct or indirect material interest.