Huobi Technology Holdings Limited announced that Mr. Wu Shupeng will be appointed as an executive Director of the Company with effect from 18 December 2021. Mr. Wu, aged 45, is currently the chief security officer of the Company. Mr. Wu joined the Group in April 2019. Mr. Wu is currently a chief security officer of Huobi Universal Inc., a company incorporated in the Cayman Islands with limited liability, and a director of Huobi Universal Inc. since February 2020. He is also a director of Huobi Japan Inc., a company incorporated in Japan, since July 2020. Both companies are ultimately controlled by Mr. Li Lin, an executive Director and a controlling shareholder of the Company as at the date of this announcement. From March 2016 to April 2018, Mr. Wu was the chief security consultant of DiDi Global Inc. Before that, Mr. Wu served as a Senior Manager of PricewaterhouseCoopers Zhong Tian LLP focusing on risk management from November 2014 to March 2016, a managing director of Zedun Data Technology Co. Ltd. from December 2013 to November 2014, and a co-director of Proviti Consulting Co. Ltd. from November 2006 to December 2013. Mr. Wu obtained a master's degree in business administration from the Graduate School of the Chinese Academy of Sciences in July 2011 and has more than 20 years of practical professional experience in the fields of information security technology, business operation security, capital market compliance, risk management and internal control and other fields in high-tech Internet, finance and other industries. The Board announced that Ms. Zhang Li will be appointed as an executive Director of the Company with effect from 18 December 2021. Ms. Zhang, aged 36, is currently the chief financial officer of the Company. Ms. Zhang is currently a senior vice president of the Huobi Universal Inc. Prior to joining the Group, from December 2017 to August 2020, Ms. Zhang had been responsible for the listing of Hangzhou Canaan Creative Information Technology Co. Ltd. on Nasdaq Stock Market and had subsequently served as the Vice President of that company from March 2018 to August 2020. From September 2015 to May 2019, Ms. Zhang served as a director of Ci Wen Media Co. Ltd. From June 2014 to August 2017, Ms. Zhang served as the Vice President and the secretary of the board of directors of Hangzhou Shunwang Technology Co. Ltd., during which time Ms. Zhang was responsible for the formulation of its strategic planning, capital market communications and numerous merger and acquisition deals in the gaming industry. From December 2012 to June 2014, Ms. Zhang served as the senior manager of the acquisition and financing department of Guotai Junan Securities Co. Ltd., during which time Ms. Zhang was responsible for the mergers and acquisitions of numerous well-established companies in the Technology, Media and Telecommunications and environmental industries. From October 2009 to September 2012, Ms. Zhang served as a senior auditor of PricewaterhouseCoopers Zhong Tian LLP, during which time Ms. Zhang had handled audit work of numerous multinational companies. Ms. Zhang is a non-practicing member of the Chinese Institute of Certified Public Accountants. Ms. Zhang graduated from the Department of Automotive Engineering of Tsinghua University in 2009 holding a bachelor's degree and a master's degree in automotive engineering. Ms. Zhang also obtained an EMBA from Peking University in July 2019. The Board announces that Mr. Li will be re-designated from an executive Director to a non-executive Director with effect from 18 December 2021, but will remain as the chairman of the Board. Mr. Li, aged 38, was appointed as the chairman of Board, an executive Director and chief executive officer of the Company on 10 September 2019. Mr. Li founded Huobi Group in 2013 and currently serves as the chairman and director of Huobi Universal Inc. Prior to establishing Huobi Group, Mr. Li worked at Oracle, the world's largest database service company. After that, Mr. Li worked at Beijing Baide Yunbo Technology Co. Ltd. a technology company specialising in Search Engine Optimisation, from August 2007 to August 2011. Thereafter, Mr. Li served as the General Manager of Beijing Zhongke Huishang Electronic Commerce Co. Ltd., an e-commerce company targeting retail customers, from September 2011 to April 2013. Mr. Li obtained a Bachelor's Degree in automation from Tongji University in July 2005, and a Master's Degree in control science and engineering from Tsinghua University in June 2007. Mr. Li possesses over 10 years of experiences in technology, blockchain and corporate management, which has been a great asset to the Company. Apart from being the executive Director of the Company, Mr. Li is also the director of Huobi Capital Inc. and Techwealth Limited which as at the date of this announcement holds approximately 22.46% and 24.79% interest respectively in the shares of the Company.