BetterLife Holding Limited announced that Ms. Wei Hongjing has resigned as an executive Director with effect upon the end of day on December 31, 2021 in order to devote more time to her family. The Board announces that Mr. Xu Tao ("Mr. Xu") is appointed as an executive Director with effect from January 1, 2022 in place of Ms. Wei. Mr. Xu Tao, aged 44, joined Group in April 2008 and was appointed as the president of sales of the Company in December 2020, responsible for overall operation in sales and marketing matters of the Group. He also has been serving as (i) the general manager of Beijing Haidian Mercedes-Benz operated by Beijing BetterLife Star Auto Sales Co. Ltd. ("Beijing BetterLife Star") since 2013; (ii) an executive director and the general manager of Beijing BetterLife Star Technology Co., Ltd; and (iii) the general manager of Beijing BetterLife Star Used Auto Brokerage Co. Ltd.