Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers





Resignation of Director

On March 28, 2022, Mr. Yongchun Shi and Mr. Xiefeng Liu resigned as the Independent Director of the Company, due to personal reasons. Neither Mr. Shi's nor Mr. Liu's resignation was a result of any disagreement with the Company. The Company thanks both Mr. Shi and Mr. Liu for their contributions to the Board and to the Company over the past years. Currently, the Company is still seeking for suitable candidates to fill the vacancy of the Board.

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