The board of directors of Wanka Online Inc. announced that Ms. JIANG Yu has been appointed as an executive Director of the Company with effect from 20 July 2022. Ms. Jiang, aged 39, joined the Group in January 2019 as a senior vice president and is primarily responsible for the corporate and business development of the Group. She has over 15 years of experience in the technology industry.

Prior to joining the Group, she served as a business development manager at Beijing AirInbox Information Technologies Co. Ltd. from July 2007 to March 2010, a consolidated affiliated entity of KongZhong Corporation. From March 2010 to April 2015, she served as the director of mobile business department of Shenzhen Aisidi Co.

Ltd. From April 2015 to December 2018, she served as a vice president of an internet startup company. Ms. Jiang obtained a bachelor's degree in electronics and communication from Hunan University and an MBA degree from Peking University in July 2006 and July 2017, respectively. The board further announces that Ms. ZHAO Xuemei (Ms. Zhao) has tendered her resignation as an independent non-executive Director of the Company, a member of the audit committee of the Company (the Audit Committee) and a member of the nomination committee of the Company (the Nomination Committee), all with effect from 20 July 2022, in order to devote more time to her personal endeavours.

She will not hold any other position with the Group after her resignation. Ms. Zhao has confirmed that she has no disagreement with the Board and that there are no matters which need to be brought to the attention to shareholders of the Company and the Stock Exchange in relation to her resignation. The Board announce that Mr. YU Limin (Mr. Yu) has been appointed as an independent non-executive Director of the Company, a member of the Audit Committee and a member of the Remuneration Committee, all with effect from 22 July 2022.

The biographical details of Mr. Yu are: Mr. Yu, aged 43, has over 20 years of experience in financial management and investment. He served as a project manager of audit department at Beijing Tin Wha Certified Public Accountants from July 2001 to May 2004. From June 2004 to March 2005, he served as an investment manager of Tianhua International Investment Services Co.

Ltd. From April 2005 to August 2009, he served as a senior investment manager of Beijing Zodi Investment Co. Ltd. From August 2010 to March 2015, he served as the head of investment and development department of Tianjin New Financial Investments Co. Ltd. From April 2015 to December 2017, he served as the assistant president and director of corporate finance department at Luyu Ecosystem Engineering Co.

Ltd. Since December 2018, he has served as a senior project manager of audit department at Zhongxingcai Guanghua Certified Public Accountants LLP. Mr. Yu obtained a bachelor's degree in trade economics from Tianjin University of Commerce in June 2001. He was accredited as a certified public accountant by the Chinese Institute of Certified Public Accountants () in October 2020.

He was also awarded with finance professional qualification of intermediate economist by the Office of Professional Title in Tianjin in April 2013.