The board of directors of Yues International Holdings Group Limited announced that with effect from 17 October 2022, Dr. Wang Yi (Dr. Wang) has been appointed as an independent non-executive Director. Dr. Wang, aged 52, is a professor of the School of Economics of the Beijing Technology and Business University. He has completed PhD programme at the School of Economics and Business Administration of the Beijing Normal University, majoring in educational economy and management, and has obtained his Doctor of Management in June 2009.

His main research areas include enterprise management, labour economics, educational economics, etc. Dr. Wang has published more than 50 high-level papers in the Chinese Higher Education Social Sciences Citation Index journals and has led more than 15 national- and provincial-level projects such as key projects of the National Social Science Fund. Dr. Wang is also currently serving as a director of the Youth Branch of the Commerce Economy Association of China; a director of the China Association of Labour Economics; a director of the China Disabled Persons' Federation; a think tank expert of the National Rural Revitalisation Administration; a think tank expert of the National Bureau of Statistics of China; etc.

Dr. Wang has also been serving as an independent non-executive director of Asian Capital Resources (Holding) Limited, the shares of which are listed on GEM of the Stock Exchange of Hong Kong Limited, since 29 February 2016.