The Board of Tai United Holdings Limited announced the following changes with effect from 20 May 2021: As the position of chairman of the Board ("Chairman") had previously remained vacant, the Board announced that Mr. Wang Hongfang ("Mr. Wang"), the executive Director, has been appointed as the Chairman of the Board with effect from 20 May 2021. Mr. Zheng Yuchun has been appointed as an executive Director on 20 May 2021. Mr. Zheng has over twenty years of experience in corporate management and investment. He has experience in analysis, investment and management in several investment banks and large corporate groups in Mainland China and Hong Kong. Mr. Xiao Yiqun has been appointed as a non-executive Director on 20 May 2021. Mr. Xiao has over thirty years of experience in the agricultural industry. Between 1979 and 1981, he worked as a technician at the Bureau of Agriculture in Xinhua County, Hunan. From 1984 to 2003, Mr. Xiao worked at the economic crops unit of the Bureau of Agriculture in Xinhua County, Hunan, where he was mainly engaged in the technical promotion of tea and fruit trees. Afterwards, he served as the general manager of Qingzhixiu (Beijing) Cultural Media Co. Ltd. from 2005 to 2012. Since 2013, Mr. Xiao has been serving as the general manager of Beijing Hanbo Shengshi Investment Co. Ltd.