Madison Holdings Group Limited announced that with effect from 26 September 2022, Ms. Xie Mengna ("Ms. Xie"), has been appointed as an executive Director. Ms. Xie, aged 34, has rich business management experience and extensive experience in the industries of financial investment, food marketing, corporate consulting and health management service. From September 2009 to July 2010, Ms. Xie worked as a customer manager in financial investment services at Shenzhen Development Bank Co.

Ltd., a bank established in the People's Republic of China (the "PRC") which was subsequently acquired by Ping An Bank Co. Ltd. From September 2015 to July 2016, she served as a marketing executive of Dingzheng Real Estate Company Limited, a company established in the PRC with limited liability which is principally engaged in real estate development. From September 2016 to October 2019, Ms. Xie worked as a marketing director in the field of health management, with her last position as an operation director.

Thereafter, in November 2019, Ms. Xie founded Yishangcai Culture and Art Creation (Shenzhen) Company Limited, a company established in the PRC which is principally engaged in beverage and alcohol public relations media and marketing services.