Tianjin TEDA Biomedical Engineering Company Limited (the Company) hereby announced that Mr. Qin Wenhua has been appointed as the Joint Chief Executive Officer of the Company and Ms. Sun Li has been re-designated as the Joint Chief Executive Officer of the Company from the Chief Executive Officer of the Company with effect from 6 September 2022. MR. QIN WENHUA Mr. Qin Wenhua (Mr. Qin), aged 56, graduated from Sun Yat-sen University in 1988 with a bachelor's degree in theoretical physics. Mr. Qin has 28 years of experience in business start-up.

He has successively led and founded various fast-moving consumer goods companies such as Yunnan Red, Yunnan Shangri­ La Wine Industry, and Impression Wine Industry, all of which have developed into well-known brands in the industry. Mr. Qin has strategic framework capabilities in product design and positioning, brand marketing, consumer demand mining and service construction. Qin has successively established Jiangsu Weidi Electronic Trading Center Co.

Ltd. Shanghai Yunyang Biotechnology Co. Ltd. Shanghai Meika Coffee Co. Ltd., Wisdom Cloud Drink Co.

Ltd. Shanghai Weidi Network Technology Co. Ltd. other companies, and has experience in the implementation of and multiple consumer goods DTC projects. Ms. Sun Li (Ms. Sun), aged 49, holds a doctorate degree in Business Administration from the City University of Hong Kong and graduated from Central South University with a bachelor's degree in Technological Economics and with a master 's degree in Administration, respectively.

Ms. Sun has engaged in investment banking for 15 years, and was among the first batch of sponsor representatives from the Securities Association of China in 2004. She is a member of Alxa SEE Conservation, an environmental protection charity organization for Chinese entrepreneurs. From May 2013 until now, Sun served as president, director and co-partner of Beijing Yingguxinye Investment Co.

Ltd. In September 2014, she was the founding member of Tianjin Teda Wings of the Angel. Investor Club. From May 2015 until now, Sun was appointed as supervisors of Shenzhen Xiangyong Investment Company Limited and Dongguan Lvye Fertilisers Company Limited.

From September 2015 until now, Sun, as the beneficial owner of Beijing Tianyuhongtai Technology Co. Ltd. held its 16% shares. From December 2015 until now, she was appointed as a director of Beijing Yingguchuangrong Information Technology Co.

Ltd. From August 2015 until now, Ms. Sun was appointed as an executive director and the Chairman. of the Board of the Company. From September 2015 to January 2019 and from 30 December 2019, Ms. Sun concurrently serves Officer of the Company.