On January 23, 2023, UP Fintech Holding Limited announced that the board of directors of the company (the ‘Board') has appointed Mr. YANG Chia Hung to serve as an independent director on the Board and chairman of the audit committee of the Board effective as of January 23, 2023. Mr. Yang currently serves as an independent director and chairman of the audit committee of Ehang Holdings Limited, I-Mab, and Tongcheng Travel Holdings Limited. Mr. Yang is also an independent director and member of the audit committee of iQIYI Inc.