The board of directors of Wasion Holdings Limited announced the following changes to the Board with effect from 1 June 2022: Ms. Cao Zhao Hui has been redesignated non-executive director of the Company. And Mr. Kat Chit has been redesignated executive director of the Company. Ms. Cao Zhao Hui has been redesignated from an executive director of the Company to a non-executive director of the Company. Ms. Cao's redesignation as non-executive director. Ms. Cao, aged 54, was an executive director and the CEO of the Company. Ms. Cao graduated from Hunan University of Technology and Business with a bachelor degree in Economics. She also obtained a degree in executive master of business administration from the University of Hunan. Ms. Cao joined the Group in 2000 and was appointed as an executive director of the Company with effect from 3 March 2005. Mr. Kat Chit has been redesignated executive director of the Company. Mr. Kat, aged 38, was a non-executive director of the Company. Mr. Kat graduated from the University of British Columbia in Canada with a bachelor degree in economics in 2007. From 2007 to 2011, he was an executive of the equity capital markets division of Macquarie Group Limited. Mr. Kat was appointed as a non-executive director of the Company on 12 August 2014. Mr. Kat is primarily responsible for managing the operation of Willfar Information Technology Company Limited the shares of which are
listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Mr. Kat is currently a director and the chairman of Willfar Information Technology. Mr. Kat is the son of Mr. Ji Wei, the chairman, executive director and controlling shareholder of the Company.