The board of directors of Founder Holdings Limited announced that Mr. Qi Zi Xin and Mr. Zhang Jian Guo are appointed as executive directors of the Company with effect from 10 June 2022. Mr. Qi Zi Xin, aged 47, is a member of the executive committee and vice president of Peking University Founder Group Company Limited, the substantial shareholder of the Company which indirectly holds 30.6% of equity interest in the Company. He is also the chief executive officer of Peking University Founder Information Industry Group Co.

Ltd., the wholly-owned subsidiary of Peking Founder that directly holds 30.6% of equity interest in the Company. He is the president of Beijing EC-Founder Co. Ltd., a wholly-owned subsidiary of PKU Founder Information.

He is also the chairman and director of China Hi-Tech Group Co. Ltd., a company in which 20.03% of equity interest is held by Peking Founder and its shares listed on the Shanghai Stock Exchange, since May 2019. He is also a director of a number of associated companies of Peking Founder.

Mr. Qi received his bachelor degree in Law, bachelor degree in Economics and master degree in Law at Peking University. Mr. Qi has extensive experience in listed companies management and investment and finance management, and has solid knowledge in the field of law and economics. Mr. Zhang Jian Guo aged 53, is a vice president of Beijing Founder Electronics Co.

Ltd. a wholly-owned subsidiary of the Company, and a general manager of Peking Founder Handwriting Digital Technology Co. Ltd. a subsidiary of PKU Founder Information. Mr. Zhang received his bachelor degree in information mathematics from Peking University and his master degree in Business Administration at Guanghua School of Management of Peking University.

Mr. Zhang is a director of the Chinese Information Society of China the head of the Professional Committee of Chinese Character Font Information a deputy head of the Chinese Character Font Design and Research Centre a member of the National Language and Character Standardization Technical Committee and a deputy head of the Coding Sub-Technical Committee of the National Information Technology Standardization Technical Committee. Mr. Zhang has extensive business and management experience in the key business areas of Founder Electronics.