The board of directors of Guoen Holdings Limited announced that Mr. Liu Liping has been appointed as an executive Director of the Company with effect from 20 October 2023. Mr. Liu, aged 51, possesses extensive experiences in back-office coordination. From 1996 to 1998, Mr. Liu worked as a staff member of Shandong Shifeng Group Company Limited with duties mainly in respect of the back-office, for which he was responsible for marketing.

He worked as a supervisor of Shandong Gaotang Lanshan Group Company from 1999 to 2002, primarily responsible for marketing. He also worked as a supervisor of Shandong Liaocheng Province Dongchangfu District Grain and Oil Town Supply Company from 2002 to 2017, for which he was responsible for personnel matters of the back-office. Since 2018 to date, Mr. Liu has been working as an office director of Shandong Zhi Guang Steel Structure Co.

Ltd., primarily responsible for marketing. His expertise is marketing-related work in back-office business. The Board announces that with effect from 20 October 2023, Mr. Yip Shek Lun has resigned as the chairman of the Company due to work adjustment.

Mr. Yip will remain to serve as an executive Director, an authorized representative, a member of remuneration committee and a member of nomination committee of the Company after his resignation as a chairman and chief executive officer of the Company. Mr. Yip has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announces that Mr. Yin Di, being an executive Director of the Company, has been appointed as the chairman and chief executive officer of the Company, with effect from 20 October 2023.

Mr. Yin, aged 37, was appointed as an executive Director of the Company since 10 February 2023. From 2010 to 2016, Mr. Yin worked in the personnel section of Beijing Haiwei Industry and Trading Co. Ltd., primarily responsible for the employment management, business and performance evaluation of the company, as well as the external liaison and operation of the company.

Since 2017, Mr. Yin founded Zhongmin Guoen Industrial Group Co. Ltd., a comprehensive industry group which puts the concept of "One Health" at its core, while integrating different businesses, including agricultural technology refining, research and development of food and medicine, and the promotion of new energy resources and new materials. Mr. Yin is currently the managing director of Zhongmin Guoen, responsible for leading the future business development of Zhongmin Guoen.

He is also primarily responsible for the nationwide expansion and operation of Zhongmin Guoen's "One Health" core business. Mr. Yin has served as an executive director of APAC Chenghua (Beijing) Investment Fund Management Co. Ltd. since 2020.

APAC Chenghua specializes in private equity investments in the field of medical care and "One Health". Mr. Yin is primarily responsible for the operational planning of the company, leading the negotiation and review of its project investments. Mr. Yin studied in the Beijing Institute of Economics and Management from March 2008 to July 2010 with an associate degree in finance and securities.

He then continued his studies in the Communication University of China from March 2011 to July 2013 and graduated with a bachelor's degree in journalism in July 2013.