iFresh Inc. announced on August 2, 2022, Ms. Sufen Qin was elected to the Company's board of director (the “Board”) by all members of the Board then in officeto fill the vacancy on the Board resulting from the resignation of Mr. Walder. Mr. Qiang Ou has been employed as the Human Resource Manager of iJiaBuy Inc., an e-commerce platform providing cross-border sales opportunities for small businesses since December 2020. He was the Chief Operating Officer of XT Energy Group INC, a manufacturer and distributor of renewable energy products, from March 2020 to June 2021.

Mr. Ou served in the U.S. Navy as a Personnel Specialist from August 2013 to May 2018 and in the U.S. Navy Reserve as a Personnel Specialist from May 2018 to May 2020. While in the Navy, he received several awards including the Honor Graduate, Navy and Marine Corp. Achievement Medal and Battle Efficiency Ribbon.

Mr. Ou expects to receive a bachelor's degree in electrical engineering from Stony Brook University in December 2024. Mr. Jiandong (Peter) Xu has been employed by LI North Shore Invest LLC, a company focused on equity investment, since March 2016 as the Managing Partner. Mr. Xu worked at IEX Group Inc., an equity trading company, from September 2014 to February 2016 as a senior staff member.

He previously worked at Millennium Partners LLC, an equity trading company as a senior manager, from September 2013 to September 2014. Mr. Xu worked at Barclays Inc, an investment bank, from January 2010 to September 2013 as a vice president. He worked at GMO, LLC, an equity trading company, from July 2008 to January 2010 as a vice president.

He worked at Lehman Brothers, an investment bank, from October 2006 to April 2008 as a vice president and at Egenera Inc., a global cloud services company, from August 1999 to October 2006 as a senior software engineer. Mr. Xu has a Masters' degree in Computer Science from Northeastern University and a Bachelor's degree in Marine Biology from Ocean University of China. Ms. Sufen Qin has been employed by Hubei Nanchu Construction Co., Ltd, a construction company, as the Chief of Finance since January 2017.

From May 2015 to December 2016, she worked at Houfu Medical Equipment Co., Ltd, a medical device manufacturer and distributor, as the finance manager. From May 2010 to March 2015, she worked at Beijing Asia Pacific Certified Public Accountants as a senior auditor. Mr. Qin graduated from Nanjing Political College in 2010 with a bachelor's degree in management.

She is a Certified Public Accountant in China. and also announced on April 27, 2022, the Board announced that it removed Mr. Long Deng as the Company's Chairman of the Board, Chief Executive Officer and Chief Operating Officer and appointed Ms. Ping Zhou, a current director, as the Company's Chairman of the Board, Chief Executive Officer and Chief Operating Officer and On June 9, 2022, the Board announced it removed Mr. Long Deng as the sole director of the Company's wholly-owned subsidiary, iFresh (BVI) Co. Ltd., and appointed Ms. Ping Zhou as the sole director of such subsidiary.