Tongdao Liepin Group announced that Ms. FAN Xinpeng has been appointed as an independent non-executive Director, the chairperson of the audit committee of the Company (the "Audit Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee"), with effect from 12 September 2023. Ms. FAN Xinpeng, aged 44, has professional experiences in global investment banking, capital market financing, mergers and acquisitions, as well as corporate finance management in the Chinese consumer industry and is now the chief financial officer of Dali Foods Group Company Limited since March 2023. Ms. Fan was the chief financial officer and group vice president of EastGarden International Group Limited from 2022 to 2023, an executive director and the head of China financial and fintech industry under the investment banking division of Morgan Stanley Asia Limited from 2010 to 2022.

Prior to that, she worked in other leading global investment banks and accounting firms from 2004 to 2010, including PricewaterhouseCoopers (Hong Kong), Merrill Lynch (Asia) Limited, and Deloitte Touche Tohmatsu (New York). Ms. Fan graduated from the University of Texas at Austin in 2004 with a master's degree in accounting and from Beijing Technology and Business University with a bachelor's degree in economics in 1999. Ms. Fan is also a member of the American Institute of Certified Public Accountants.