Ming Yuan Cloud Group Holdings Limited announces that due to a change in work arrangements, Mr. JIANG has tendered his resignation as the CFO with effect from 14 November 2022. Following Mr. JIANG's resignation as the CFO, he remains as an executive Director, the joint company secretary and the authorised representative of the Company. Mr. JIANG has confirmed that there are no matters in relation to his resignation as the CFO that need to be
brought to the attention of the Stock Exchange and the Shareholders. The Board also announces that Ms. XIAO will assume the role as the CFO with effect from 14 November 2022. Her biographical details are set out as follows: Ms. XIAO, aged 41, graduated from Shenzhen University with a bachelor's degree in Finance Management. She joined the Group in March 2005, and was responsible for overseeing the financial and accounting matters of the Group and served successively as the Senior Finance Supervisor, Finance Manager and Director of Finance Department of the Group. The Board would like to take this opportunity to express its sincere gratitude to Mr. JIANG for his valuable contributions to the Company during his tenure of office as the CFO; and welcome Ms. XIAO to her new role with the Company.