The board of directors of Elife Holdings Limited (the "Company") announced that with effect from 1 July 2023: Ms. Qin Jiali ("Ms. Qin") will be appointed as an executive Director; and Mr. Zhang Shaoyan ("Mr. Zhang") will be appointed as an executive Director. Ms. Qin, aged 37, has extensive sales and management experience in the software and hotel industries. She has served as the sales director of Nanning Universal International Hotel, the head of the Guangzhou office of FeelEC Technology Co.

Ltd. and the vice president of Guangzhou Htrip Info Tech Inc. Ms. Qin holds a college degree in tourism exhibition planning and management awarded by the Guangxi Guilin Tourism College. Mr. Zhang, aged 48, has nearly 22 years of experience in investment industry and has served as the chief listing representative of the Shenzhen Stock Exchange, the managing director of China RE Asset Management Co. Ltd. and the chairman of Beijing Hilltop Asset Management Co.

Ltd. He was appointed as the Company's chief investment officer in October 2019 and was primarily responsible for the development of the domestic and overseas investment and financial business and the merger and acquisition business of the Company. Mr. Zhang holds a doctorate degree in Finance from Nankai University and is a postdoctoral fellow of the Chinese Academy of Social Sciences. He is currently a director of Yiansheng International Trading (Yangzhou) Co.

Ltd., a subsidiary of the Company.