The board of directors of Hangzhou Tigermed Consulting Co., Ltd. recently received a written resignation from Mr. Wu Baolin (Mr. Wu), the employee supervisor of the fourth session of supervisory committee of the company. Mr. Wu tendered his resignation as the employee supervisor of the fourth session of the Supervisory Committee of the Company due to his intention to devote more time to his own duties with effect from August 25, 2022. Following his resignation, Mr. Wu will still hold other positions in the Company.

Mr. Wu has confirmed that he has no disagreement with the Board and the Supervisory Committee and there is no other matter in relation to his resignation that needs to be brought to the attention of the Company and its shareholders. In order to ensure the standardised operation of the Supervisory Committee, in accordance with the relevant laws and regulations such as the Company Law of the PRC and the Articles of Association of the Company, the Company held a staff congress on August 25, 2022, at which Ms. Lou Wenqing (Ms. Lou) was elected as the employee supervisor of the fourth session of the Supervisory Committee of the Company. Her tenure commences from August 25, 2022 to the expiry date of the fourth session of the Supervisory Committee of the Company.