The board of directors of Walnut Capital Limited announced that with effect from 15 November 2023, Mr. Wang Mingmin has been appointed as a non-executive Director of the Board. Mr. Wang, aged 40, has been appointed as a non-executive Director with effect from 15 November 2023. Mr. Wang obtained a bachelor's degree in engineering majoring in information engineering from the Beijing University of Posts and Telecommunications in the PRC in July 2005 and a master's degree in engineering majoring in electronic and information engineering from Xidian University in the PRC in June 2012.

Mr. Wang has more than 7 years of experience in the fund industry. Mr. Wang has been an investment director of Qianhai Life Health Industry Fund Company Limited since September 2016, the executive director and general manager of Hainan Haice Investment Company Limited since July 2022 and an investment director of Nanjing Muyuan Private Equity Fund Management Limited since November 2022.