Haidilao International Holding Ltd. announced that Mr. Li Yu was appointed as the chief operating officer (Mainland China) of the Company; and Mr. Wang Jinping was appointed as the chief operating officer (Hong Kong, Macau, Taiwan and overseas) of the Company. Such appointments are effective from March 1, 2022. Mr. Li Yu and Mr. Wang Jinping will facilitate the chief executive officer to improve the operational efficiency of the Group in various regions and to strengthen the supervision and implementation of the Company's management execution.

Mr. Li Yu, aged 36, is an executive Director of the Company. Mr. Li Yu has held various positions since he joined the Group in November 2007, successively served as the restaurant manager and senior regional manager Taiwan region, Thailand, Korea and Japan). Mr. Li Yu also serves as a director and chief executive of certain subsidiaries of the Company.

Mr. Wang Jinping, aged 38. He has held various positions since he joined the Group in January 2008, successively served as restaurant manager, senior regional manager (Singapore) and senior regional manager (Singapore, Malaysia, Australia and New Zealand). Mr. Wang Jinping also serves as a director and chief executive of certain subsidiaries of the Company.