The board of directors of Yuanda China Holdings Limited (the "Company", together with its subsidiaries, the "Group") announced that Mr. Wang Yuhang ("Mr. Wang") has been appointed as an independent non-executive director of the Company, a member of the audit committee and the nomination committee of the Company with effect from 13 July 2023. The biographical details of Mr. Wang are set out as follows: Mr. Wang, aged 39, graduated from Shenyang University of Technology with a master's degree in accounting. He possesses the professional qualifications of national senior accountant and senior auditor.

Mr. Wang is the national high-level accounting talent of the Ministry of Finance, the leading talent for the fifth phase of economic management in health industry of the National Health Commission of the PRC, the top accounting talent of Liaoning Province, the accounting consulting expert and the audit theory research backbone talent of Liaoning Province. Mr. Wang is the director of the financial professional committee of the Liaoning Health Economics Association, the director of Liaoning Institution of Internal Audit and a member of the Shenyang Youth Federation. He worked in the Planning and Finance Department of the Shenyang Radio and Television Station and Liaoning Provincial Audit Department.

He is currently working at the First Hospital of China Medical University as Chief Accountant. Since April 2022, he has been an independent director of Allwin Telecommunication Co. Ltd. He has rich experience in financial management, taxation and auditing.