The board of directors of Tongdao Liepin Group announced that each of Mr. Shao Yibo and Mr. Chen Xingmao has tendered his resignation as a non-executive Director and executive Director, respectively on 3 April 2024, with effect from the same day. Each of Mr. Shao and Mr. Chen has resigned due to personal reasons. Following his resignation as executive Director, Mr. Chen will continue to serve as the Chief Technology Officer of the Company and continue to provide valuable guidance and support to the Company.

The Board hereby announces that Mr. Tian Ge has been appointed as executive Director of the Company, with effect from 3 April 2024. Mr. Tian Ge, aged 37, joined the Group in November 2019 and now serves as chief financial officer of the Company. He is responsible for overseeing the corporate finance, investments and acquisitions, investor relations, procurements and other middle and back office work of Group.

Mr. Tian also serves as the supervisor and the director at certain of subsidiaries. Prior to joining the Group, Mr. Tian held various positions in China, France, the United States, the United Kingdom and Singapore at General Electric Company (stock symbol: GE), including as the Head of Finance of GE Power Global Repair Solutions APAC, from December 2009 to October 2019. Mr. Tian received a bachelor's degree in international accounting from Sichuan University in June 2008.

Mr. Tian is a member of the Association of Chartered Certified Accountants (ACCA).