U-BX Technology Ltd. announced on May 3, 2024, Xiaoli Zhong tendered her resignation as the Chief Financial Officer of the company. Effective on May 3, 2024, the Board appointed Qingcai Li to serve as the succeeding Chief Financial Officer of the Company for a term of three years or until his earlier death, resignation or removal. Mr. Qingcai Li, age 38, has been the Financial Controller of Youjiayoubao (Beijing) Technology Co., Limited, an indirect subsidiary 100% owned by the Company since 2018.

Mr. Li was the Director of the Settlement Department at Tianjin Rong Bao Payment Network Co. Ltd. from 2017 and 2018 and at Beijing Bian Hui Business Service Co. Ltd. from 2014 to 2017.

Mr. Li was the Settlement Team Leader at Beijing Zhang Shang Tong Network Technology Co. Ltd. from 2010 to 2014. Mr. Li earned his Bachelor?s degree in Finance from Beijing Normal University in 2016.