The Board of China Kepei Education Group Limited announced that, due to management optimization and duty re-allocation, with effect from 2 July 2024, Ms. Li ceased to be the chief financial officer of the Company while remaining as an executive Director and holding other positions within the Group. The Board also announced that Mr. Zheng Chaoran, who currently serves as a joint company secretary of the Company, has been appointed as the CFO with responsibility for overseeing financial and investment management of the Company, with effect from 2 July 2024. Mr. Zheng Chaoran, aged 37, has joined the Group since September 2018 and has been the investor relations director and the manager of the finance department of the Company, mainly responsible for managing and overseeing the investor relations affairs and financial management of the Group including, but not limited to, assisting the Board in preparing the investor-related publications, such as financial reports and announcements, communicating with investors, analysts and regulatory bodies, engaging in financial planning and analysis, participating in the investment decision-making of important business activities of the Group, and being involved in various daily compliance matters of the Group.

In particular, Mr. Zheng has been actively involved in various transactions of the Company as well as various projects in relation to establishing new schools, merger and acquisitions and capital markets. Mr. Zheng has made significant contributions in enhancing the management of investor relations and strengthening the internal control system of the Group, and has assisted the Company in complying with the Listing Rules, including disclosure of public information and compliance-related business affairs of the Company. Prior to joining the Group, from January 2016 to August 2018, Mr. Zheng served as the investor relations director and the general manager of the Finance Department of Virscend Education Company Limited, a company listed on the Main Board of the Stock Exchange, which is a leading provider of pre-school to grade 12 and university private education services and was primarily responsible for managing and overseeing the investor relations affairs and financial management.

From September 2009 to December 2015, Mr. Zheng served as the audit manager of Ernst & Young Hua Ming LLP and was primarily responsible for providing audit, review and internal control advice to listing applicants and listed companies on various stock exchanges. Mr. Zheng obtained a bachelor's degree in accounting from Nanjing University in July 2009. Mr. Zheng has also obtained the professional qualification as a Certified Public Accountant issued by the Chinese Institute of Certified Public Accountants (CICPA) in January 2014.