The board of directors of Founder Holdings Limited (the ‘company') announced that Ms. Liao Hang has tendered her resignation as an executive director (the ‘Director') on 25 October 2022 due to other business engagements. At the same time, Ms. Wu Jing was appointed as an executive Director with effect from 25 October 2022. Ms. Wu Jing (‘Ms. Wu'), aged 41, has been the manager and director of legal department, and senior director of legal and compliance department of Peking University Founder Group Company Limited, the substantial shareholder of the Company which indirectly holds 30.6% of the equity interest in the Company, since April 2014.

Ms. Wu received her bachelor's degree in civil and commercial law from East China University of Political Science and Law in 2004, she received a master's degree in international commercial law from Vrije University Amsterdam in 2005 and a master's degree in international law and European Union Law from University of Amsterdam in 2007. Ms. Wu has extensive business experience and managerial experience in the field of law, especially international law.