The board of directors of Netjoy Holdings Limited announces that Mr. QIN Miaomia ("Mr. Qin") has resigned as a non-executive Director, with effect from March 31, 2022, as he would like to devote more time to his personal development. The Board announce that each of Mr. LIN Qian ("Mr. Lin") and Ms. ZHA Lijun ("Ms. Zha") has been appointed as an executive Director with effect from March 31, 2022. Mr. Lin, aged 39, is the chief financial officer of the Company. He is mainly responsible for the Group's internal financial, legal, administrative, and other operations and management
affairs, as well as external capital market operation and strategic investment strategy formulation. Mr. Lin has entered into a service contract with the Company as an executive Director for an initial term of three years commencing on March 31, 2022 or until the third annual general
meeting of the Company since the date of his appointment, whichever is sooner, unless terminated by either the Company or Mr. Lin by giving at least one month prior written notice or otherwise in accordance with the terms of the service contract.