The Board of directors of Launch Tech Company Limited announced that Mr. Ning Bo has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 1 September 2022, as he wishes to focus on his other businesses. The Board appointed Mr. Lin Lichao and Mr. Bin Zhichao as independent non-executive Directors with effect from 1 September 2022 until the next annual general meeting. They have also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, with Mr. Lin Lichao being appointed as the Chairman of both the
Remuneration Committee and the Nomination Committee, with effect from 1 September 2022. Mr. Lin Lichao, aged 44, graduated from the Accounting Department of Guangdong University of
Foreign Studies in 1999. From 2000 to 2009, he worked in Shenzhen Qiaoshe Industrial Co. Ltd. as Head of Planning and Finance Department and Finance Manager; from 2009 to 2011, he worked for China South City Holdings Limited and subsequently Greater China International Group as their respective group's financial managers; from 2011 to 2018, he worked in Glory Sun Land Group Limited as Finance Manager and Domestic Chief Financial Officer, Head of ESG Working Group in the People's Republic of China; and he has been working in Shenzhen Eaton Group Holdings Company Limited as Chief Financial Officer since 2019. Mr. Lin has over 20 years of work and management experience in accounting, financial management, taxation, mergers and acquisitions. Mr. Lin is a certified public accountant in the PRC and is familiar with the PRC accounting and taxation related laws and regulations, as well as listed companies and
securities related regulations. Mr. Bin Zhichao, aged 33, graduated from the Law Department of Wuhan University in 2010 and worked for Guohai Securities Co. Ltd. from 2010 to 2014; he worked for Guangxi Financial Investment Group from 2014 to 2018 and was responsible for the investment banking department of the head office and the investment work of its subsidiaries; from 2018 to 2019, he worked for Beijing Shengshijing Asset Management Co. Ltd. as the person in charge of project development in Guangxi; since 2019, he has been working as a freelance business consultant. Mr. Bin has extensive experience in general financial business and is familiar with the management operation and investment risk control of corporate and private equity funds.