The board of directors of Zheng Li Holdings Limited announces that Mr. YAN Jianqiang has resigned as chief executive officer of the Company (CEO) with effect from 9 February 2022 as he intended to focus on his other business commitment. The Board further announces that Mr. WANG Lei (Mr. Wang) has been appointed CEO with effect from 9 February 2022. Mr. WANG Lei, aged 34, has more than seven years of management in companies engaged with online and technology businesses.

Since 2017, Mr. Wang has become the general manager of Beijing Zhicai Technology Company Limited.