Puhui Wealth Investment Management Co., Ltd. announced that on July 11, 2022, Ms. Yan Long tendered her resignation as Chief Financial Officer, effective immediately. Ms. Long's resignation is due to personal reasons and not due to any disagreement or dispute with the Company or the Company's board of directors (“Board”). To fill the vacancy created by Ms. Long's resignation, on July 11, 2022, the Board appointed Mr. Zhe Ji, the Chief Executive Officer of the Company, to serve as the Company's Chief Financial Officer, effective immediately.

Mr. Ji, age 42, is the founder of the Company and has served as Chairman of the Board of Directors and Chief Executive Officer since its inception in 2013. Prior to founding the Company, Mr. Ji served as a senior broker at Credit Ease Wealth, another third-party wealth management company in China, from 2011 to 2013. Previously, he served as a member of China Bohai Bank from 2008 to 2011, Hang Seng Bank from 2006 to 2008, ABN AMRO Bank N.V from 2002 to 2005.

Mr. Ji received a bachelor's degree in commodity science from Beijing University of Technology in 2002.