The board of directors of the Sinosoft Technology Group Limited announced that Mr. Li Dong has been appointed as an independent non-executive Director, a member of each of the remuneration committee, nomination committee, investment management committee and chairman of the audit committee of the Company with effect from 1 February 2023. Mr. Li, aged 46, has more than 21 years' management experience in public accounting, investment banking and corporate finance. Mr. Li currently serves as the chief financial officer of TH International Limited, a premium coffee chain network in China.

Prior to joining Tim Hortons China in September 2021, Mr. Li served as the chief financial officer of OneSmart International Education Group Limited, a leading premium K-12 education company in China listed on the New York Stock Exchange from July 2017 to June 2019, and as its director from September 2017 to June 2019. Mr. Li also served as the chief financial officer for (i) Ximalaya Inc., a leading non-music audio platform in China from September 2019 to September 2021; and (ii) Ecovacs Robotics Holdings Limited a leading consumer robotics company in China listed on the Shanghai Stock Exchange. From September 2008 to March 2015, Mr. Li worked as an associate and later vice president at the investment banking group of Merrill Lynch (Asia Pacific) Limited and as vice president in investment banking department of ICBC International Holdings Limited in Hong Kong.

Prior to that, Mr. Li worked in KPMG's auditing practice group from August 1999 to April 2006 in its Beijing and Mountain View, California offices, respectively. Mr. Li has served as an independent non-executive director and the chairman of the audit committee of Helens International Holdings Company Limited a company listed on the Stock Exchange since August 2021. He also has served as an independent director of GreenTree Hospitality Group Ltd., a leading hospitality management group in China listed on the New York Stock Exchange since March 2018; and an independent director of Boqii Holding Limited, China's largest pet-focused platform listed on the New York Stock Exchange since September 2020.

Mr. Li obtained his bachelor's degree in accounting from School of Economics and Management, Tsinghua University in July 1999, as well as a master's degree in business administration from J. L. Kellogg School of Management, Northwestern University in the United States in June 2008. Mr. Li became a member of the Chinese Institute of Certified Public Accountants in 2002 and a member of the Certified General Accountants Association of Canada in 2001.