Code Chain New Continent Limited announced that on March 29, 2021, Ms. Yajing Li tendered her resignation as a director, the chairman of the Audit Committee of the Company, effective immediately. Ms. Li’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. On March 30, 2021, Mr. Qihai Wang tendered his resignation as a director of the Company, effective immediately. Mr. Wang’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. On March 30, 2021, approved and ratified by the Board of Directors, the Nominating and Corporate Governance Committee and the Compensation Committee, Mr. Chengwei Mo was appointed as a director, the chairman of the Audit Committee of the Company, effective March 29, 2021 and Mr. Bibo Lin, Vice President of the Company, was appointed as a director of the Company, effective March 30, 2021. Mr. Chengwei Mo, age 46, is the head of Greater China Region at Hong Kong Intellectual Property Exchange Ltd. Mr. Chengwei Mo has more than 20 years of experience as a finance executive. He was CEO of Beijing Wenjinsuo Internet Information Services Limited from 2017 to 2019, prior to which he was the General Manager of Beijing Zhongtianyichuang Investment Management Limited. He also served as the accounting manager of Yichuang Yingshi Investment Management (Beijing) Limited and a several other information technology companies.