The board (the "Board") of directors (the "Directors") of Ocean Star Technology Group Limited (the "Company", together with its subsidiaries, the "Group") announced that Ms. Chen Lizhu ("Ms. Chen") has been appointed as an executive Director and the Chief Executive Officer of the Company (the "CEO") with effect from 31 July 2023. Set out below are the biographical details of Ms. Chen: Ms. Chen Lizhu, aged 43, graduated with a master's degree in education from Southwest Jiaotong University ("SWJT University") in the People's Republic of China (the "PRC") in December 2011 and completed her EMBA program at Cheung Kong Graduate School of Business in the PRC in September 2021. Ms. Chen, having a notable family background with deep cultural and educational heritage on Tai Chi, has been dedicated to the education and research of traditional Chinese culture and martial arts, including Tai Chi and Taekwondo, for nearly 30 years.

She joined SWJT University in 2003 and has been serving as an associate professor in the Sports Department of SWJT University since 2019. Ms. Chen is an outstanding Chinese martial artist with international influence and significant contributions to the industry. Ms. Chen is a recipient of the Chinese Intangible Cultural Heritage Outstanding Contribution Award, the grandmaster of the Li Yaxuan Tai Chi school, and a standing committee member of the Joint Martial Arts-Medicine Professional Committee of Sichuan Association of Chinese Medicine, being the first martial arts and medicine professional committee of China Association of Chinese Medicine.

She is a prominent representative among the sixth generation of Yang-style Tai Chi masters, a third-generation direct disciple of the Tai Chi master Li Yaxuan, known as "Shao Zhu" (Young Master), who started practicing Tai Chi at her age of 4 and has won 17 championships in world-class competitions such as the World Kuo Shu Championship Tournament and has received the Outstanding Contribution Award for Chinese Tai Chi Inheritance. Ms. Chen is one of the 23 world-renowned Tai Chi masters and practitioners, and is the youngest among them, listed on the Wall of Worldwide Tai Chi Celebrities.