Infobird Co. Ltd. announced that its board of directors has received resignations from Mr. Yimin Wu as the chairman of the Board for personal reasons, and Mr. Xiangyang Wen, Mr. Feng Liu, and Mr. Xuan Li, as a director of the Board and their respective positions at certain committees of the Board for personal reasons, all effective from March 15, 2023. Mr. Yimin Wu still retains his position as a director of the Board.

Ms. Cheuk Yee Li, a director of the Company since October 2022 and Chief Executive Officer since November 2022, has been appointed to serve as the chairman of the Board, and Ms. Yiting Song, a director of the Company since October 2022 and Chief Financial Officer since November 2022, has been appointed to serve on the compensation committee and the nominating and corporate governance committee of the Board, both effective from March 15, 2023. In addition, the Board has approved the appointment of Mr. Shaoyang E, an independent director of the Company. Mr. E will also serve on the audit committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, all effective from March 15, 2023.Mr. E is the general manager of Shanghai Junmeng Network Technology Co.

Ltd. Prior to joining Junmeng, he was the founder and chief executive officer of Beijing DaoYi Network Technology Co. Ltd. from April 2017 to January 2022. Prior to that, he was the vice president at Baidu Game from February 2015 to January 2017.

Mr. E received his bachelor degree in Computational Science and Technology from North East University and his EMBA from the Guanghua School of Management of Peking University. After these changes, the Company's Board is comprised of Ms. Cheuk Yee Li (chairman of the Board), Mr. Yimin Wu, Ms.Yiting Song, Ms. Qian Qu (independent director), and Mr. Shaoyang E (independent director). The Audit Committee is comprised of Ms. Qian Qu (chair) and Mr. Shaoyang E. The Compensation Committee is comprised of Ms.Yiting Song (chair) and Mr. Shaoyang E. The Nominating and Corporate Governance Committee is comprised of Mr. Shaoyang E (chair) and Ms.Yiting Song.