The board of directors of Wealthking Investments Limited announced that effective 14 March 2022, Dr. Liu Zhiwei will cease to be the chief executive officer of the Company in order to comply with the code provision C.2.1 of the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities on the Stock Exchange (``Listing Rules'') that the roles of chairman and chief executive officer should be separate and should not be performed by the same individual. The Board also announces that Dr. Qiao Bingya will be appointed as the chief executive officer of the Company effective 14 March 2022. Dr. Qiao, aged 51, has years of experiences in securities regulation and inspection.

Prior to joining the Company, Dr. Qiao held a number of senior management positions at the China Securities Regulatory Commission from year 1998 to year 2012 and he also served as an assistant executive president and a member of the executive committee at Bank of China Investment Management Co. Ltd. from year 2012 to year 2016. From June 2019 to September 2021, Dr. Qiao served as an executive director of Renaissance Asia Silk Road Group Limited (formerly China Billion Resources Limited), a company listed on the Stock Exchange.