The board of directors of Ju Teng International Holdings Limited announced that Mr. Cheng Li-Yen has been appointed as a non-executive Director with effect from 16 March 2022. He is one of the founders of the Group. The Board announced that, with effect from 16 March 2022, Mr. Chiu Hui-Chin, an executive Director, has been appointed as the chief strategy officer of the Company and has ceased to be the chief executive officer of the Company in order to focus on formulating and managing strategies of the Group as the Chief Strategy Officer, and Mr. Cheng Li-Yu, the chairman of the Board, has been appointed as the Chief Executive Officer in his stead.