The board of directors of Greatwalle Inc. with its subsidiaries announced that with effect from 27 April 2022, Mr. Lyu Xingyuan (Mr. Lyu) has been appointed as an executive Director responsible for overseeing all Group affairs and investment activities, daily operation and overall management of the Group's asset management team. He leads the Group's investment process and portfolio management. Mr. Lyu, aged 32, has experience in investment fund management and financial industry, with a track record in research and portfolio management, initial public offer, corporate actions including merger and acquisition transactions, asset restructure and issuance of corporate bonds in the People's Republic of China.

Before joining the Group, Mr. Lyu worked in China Great Wall Securities Co. Ltd. as a senior manager in investment banking division from July 2015 to November 2020. Mr. Lyu joined the Company in November 2020 as the vice president of investment.

Mr. Lyu has entered into a service contract with the Company for a term of three years commencing 27 April 2022 subject to termination by either party giving to the other not less than one month's prior written notice. Mr. Lyu will hold office until the next following general meeting of the Company and is eligible for re-election at the meeting, and shall be subject to retirement by rotation and re-election in accordance with the articles of association of the company.