On August 15, 2022, Mr. Jiandong (Peter) Xu resigned as a director of iFresh Inc. (the “Company”). Mr. Xu's decision did not result from any disagreement with the Company relating to its operations, policies or practice. On August 16, 2022, Mr. Wenbin Mu was elected to the Company's board of director (the “Board”) by all members of the Board then in office to fill the vacancy on the Board resulting from the resignation of Mr. Xu.

Mr. Wenbin Mu has been employed by Golden Source Capital Inc., a crypto-currency company, as the Chief Marketing Officer since November 2020. He worked as a client relationship manager at Dennis Law firm from December 2011 to December 2019, and as the Chief Marketing Officer at SKT Technologies Inc., a company providing technology and communication services to food delivery online applications, from January 2019 to May 2020. Mr. Mu worked for Wanda Group Taiyuan Wanda Real Estate Development Co.

Ltd., a real estate developer, as the Chief Marketing Officer from November 2006 to October 2008. From February 2004 to October 2006, he worked as the Chief Marketing Officer at Beijing Pengrun Real Estate Development Co. Ltd. From November 2002 to December 2003, he was the marketing manager of Jin Dian Group, a real estate development company.

Mr. Mu has an MBA degree from Renmin University of China.