The directors of the board of Puyi welcomes Mr. Peh Chin Hua in joining the Board and being appointed as the Chairman of the Board with immediate effect. Mr. Yinan Hu has also been appointed to serve as Vice Chairman. Mr. Ren Yong and Mr. Kong Youjie have resigned from the Board as Chairman and Co-Chairman respectively but will continue to serve as Directors on the Board.

Mr. Peh Chin Hua, born in 1947, is a Singaporean entrepreneur and former Member of Parliament for 13 years. With 29 years of active contributions to Singapore?s social and political service, he received the National Day Public Service Medal. After retiring from politics in 2001, Mr. Peh earned an Executive MBA from NUS.

He was formerly Managing Director of Shinglee Book Holdings, the founder and Executive Chairman of Dragonland Group, a listed company in Singapore, and the Vice Chairman of TFC Bank Holdings in the United States and Chairman of NTUC Seacare Holding Ltd. As the founder and Executive Chairman of Singapore White Group, Mr. Peh has led numerous large-scale projects in major Chinese cities, focusing on real estate. His ventures aim to create affordable housing, develop ecological cities, and contribute to economic growth in China. Additionally, White Group has been investing in artificial intelligence technology projects with international companies across the USA, China, Europe and Asia Pacific.