The board of directors of Teamway International Group Holdings Limited announced that Mr. Zeng Wenyou ("Mr. Zeng") has been appointed as an executive Director with effect from 16 August 2023. Mr. Zeng, aged 60, has extensive experience in investment and management in various business sectors including technology and iron ore industry. He is currently the Life Honorary President of the Xiamen Technology and Economy Advancement Association and the director of White Pigeon Online (Xiamen) Network Technology Co.

Ltd. He is also the major investor of Phil. Youbang Mining Int'l Corp. and has been serving as the chairman of the board of directors since 2007.

Mr. Zeng is experienced in risks management, and is knowledgeable in information technology including IT consultation for the insurance industry, data processing as well as the big data consolidated AI risks management system.