The board of directors of Yincheng Life Service CO., Ltd. announced that Mr. Yao Ning ("Mr. Yao") and Mr. Pan Xiaohu ("Mr. Pan") have been appointed as non-executive directors of the Company with effect from 24 August 2023. Mr. Yao, aged 57, has extensive experience in administration management. Mr. Yao is currently the chief executive officer of Jiangsu Ruihua Investment Holding Group Co., Limited, and is mainly responsible for the daily operation of the group.

Prior to joining Ruihua Investment in 2018, Mr. Yao worked for Tiandi Real Estate Company Nanjing Bailu Lake, Real Estate Development Co. Ltd. Nanjing Qilin, Villa Development Co. Ltd. and Fullshare Group from 2004 to 2018.

From 1987 to 2004, Mr. Yao worked at Factory 518 of the Ministry of Posts and Telecommunications of the People's Republic of China518 currently known as Nanjing Putian Telecommunications Co., Ltd. Mr. Yao graduated from Nanjing University of Aeronautics and Astronautics, majoring in materials engineering. Mr. Pan, aged 52, has more than 25 years of experience in asset management and investment. He has been the director of investment banking of Ruihua Investment since 2009, and is mainly responsible for asset management and investment decision making.

Mr. Pan worked at a number of asset management companies, including Qide Investment Management Co., Ltd. Dinghui Investment Fund Management Company, and Jiangsu Venture Capital Co., Ltd. Mr. Pan . has been a director of Nanjing Zhizhen Electronic Technology Corp. since 2016, and he was a director of Jiangsu Hoperun Software Company Limited from 2017 to 2020 and a supervisor of Jiangsu Carephar Pharmaceutical Co., Ltd. from 2016 to 2019.

Mr. Pan graduated from Southeast University with a master degree.