The board of directors of Renrui Human Resources Technology Holdings Limited announced that with effect from 19 April 2023, Mr. Chow Siu Lui has resigned from his role at the Company as a non-executive director of the Company due to his retirement plan. Mr. Chow was a Director nominated by VMS Strategic Investment Fund L.P. Mr. Xu Zhetong has been appointed as a non-executive Director with effect from 19 April 2023. Mr. Xu, aged 30, has been a vice president of VMS Investment Group (HK) Limited since February 2021.

Mr. Xu worked as an investment associate in CICC Xicheng (Beijing) Investment Fund Management Co. Ltd. from April 2019 to February 2021. He was an investment associate in Yuanjing Wanfang (Tianjin) Equity Investment Management Enterprise from October 2016 to April 2019.

From July 2014 to September 2016, Mr. Xu worked as an investment banking analyst in China International Capital Corporation Limited. Mr. Xu obtained a bachelor's degree in Economics (Finance) from Renmin University of China in June 2014. The Board further announces that, with effect from 19 April 2023, following Mr. Chow's resignation as a non-executive Director, he ceased to be a member of the audit committee of the Company and the chairman of the investment and compliance committee of the Company.

Mr. Xu has been appointed as a member of the Audit Committee. Mr. Chen Rui, currently a non-executive Director, has been appointed as the chairman of the Investment Committee.