The board of directors of Pizu Group Holdings Limited announced that from 1 February 2023, Mr. Xiong Zeke ceased to be the chairman of the Board of the Company due to his other commitments which require more of his dedication, but will remain as an executive Director of the Company. The Board further announced, with effect from 1 February 2023, Mr. Ma Tianyi, who is an executive Director and the chief executive officer of the Company, has been appointed as the Chairman. The biography of Mr. Ma is as follows: Mr. Ma, age 28, joined the Group on 1 March 2017 as an executive Director and has been appointed as the CEO on 1 May 2021.

He is a director of Shiny Ocean Holdings Limited since January 2018. He graduated from Downing College, University of Cambridge in June 2016 with a Bachelor's Degree in Arts, specializing in Natural Sciences Tripos and obtained the qualification on Master of Business Administration from the University of Hong Kong in 2020. Mr. Ma is the son of Mr. Ma Qiang, who was a former executive Director and a former Chairman.

Mr. Ma Tianyi is also the nephew of Mr. Liu Fali, an executive Director and the chief operating officer of the Company and the nephew of Ms. Ma Ye, an executive Director.