On December 8, 2022, Ms. Qin Li tendered her resignation as the chief financial officer of Huadi International Group Co., Ltd. . Ms. Qin Li's resignation was not a result of any disagreement with the Company's operations, policies or procedures. On December 8, 2022, approved by the board of directors, the nominating committee and the compensation committee, Mr. Jianping Xiang was appointed as the chief financial officer of the company, effective December 8, 2022.

The biographical information of Mr. Jianping Xiang: Mr. Jianping Xiang has about two decades of experience serving as the Chief Financial Officer of Huadi Steel Group Limited. He is responsible for supervising and managing the accounting department of Huadi Steel Group Limited. He worked as the Chief Executive Officer of Wenzhou Jianeng Printing Equipment Co., Ltd. from January 2014 to December 2016, during which he was responsible for expansion of market, decision making and review of audit reports.

He had been a Managing Accountant of Huadi Steel Group Limited from January 2002 to December 2002, during which he was responsible for budget controlling and contract management. He had been an Assisting Accountant of Huadi Steel Group Limited from September 1999 to December 2001, during which he was responsible for preparation of audit reports and compliance of auditing rules according to PRC law. Mr. Xiang holds a certificate for Intermediate Accountant in PRC since 1999.

Mr. Xiang graduated with a master's degree in Business Administration in Finance from Universidad Catolica San Antonio in 2022 and a bachelor's degree in Accounting from Jiangxi University of Finance and Economics in 1998.