On 19 January 2022, the board of directors of Beijing Jingcheng Machinery Electric Company Limited received a written resignation application from Ms. Yang Yi (Ms.Yang), the general counsel of the Company and approved the appointment of Mr. Li Xianzhe as general counsel of the company. Mr. Li served as a legal officer, the deputy director of the audit and legal department of the printing machine business department of Beiren
Group Co. Ltd., a member and an associate chief officer of the discipline inspection commission and
the deputy director of the case supervision and management office of Miyun District, Beijing etc. He
is currently the head of legal affairs department and counsel of Beijing Jingcheng Machinery Electric
Holding Co. Ltd.