Lixiang Education Holding Co., Ltd. announced the appointment of Mr. Luoyuan Ye as the Chief Financial Officer (“CFO”) of the company, effective August 1, 2021. Mr. Ye will be primarily responsible for establishing, implementing and supervising the financial, accounting, audit and budgetary aspects of the operations of the Company. Former CFO Mr. Weijian Xu will remain with company as Strategic Investment Manager and will focus on investment and mergers and acquisitions of the company. Mr. Luoyuan Ye, aged 40, brings extensive accounting and financial experience to the Company. Since April 2014, Mr. Ye has served as the Founding Partner of Guangdong Jinshi Capital Co., Ltd., where he provides financial advisory services for Chinese companies listed in overseas capital markets. Since April 2020, Mr. Ye has served as an independent director of Chenghe Technology Co., Ltd. From October 2011 to March 2014, Mr. Ye served as the Investment Director of Xiangrong (Tianjin) Investment Management Limited Partnership. From October 2008 to July 2010, Mr. Ye served as a manager of Beijing office of Marcum Bernstein & Pinchuk LLP.