The board of Zuoli Kechuang Micro-finance Company Limited announced that Mr. Wang Suliang (``Mr. Wang'') tendered his resignation as a staff representative supervisor of the Company (the ``Staff Representative Supervisor'') and the chairman of the board of supervisors (the ``Board of Supervisors'') of the Company. This arrangement, which has been effective since 11 March 2022, was due to personal work arrangement of Mr. Wang. The Board announces that Mr. Chen Qi (``Mr. Chen'') has been elected as the Staff Representative Supervisor at the staff meeting of the Company which was held on 11 March 2022.

The Board also announced that Ms. Zhou Mingwan (``Ms. Zhou''), the existing supervisor of the Company, has been elected as the chairman of the Board of Supervisors at the board of supervisors meeting, held on 11 March 2022. Mr. Chen, aged 39, graduated from Zhejiang University of Technology with a Bachelor of Arts degree (major in English) in 2004. From 2004 to 2007, Mr. Chen studied at Université Paris 8 in France majoring in Plastic Arts and obtained a bachelor's degree in 2005 and a master's degree in 2007.

From 2017 to 2020, Mr. Chen obtained successively a Master of Management degree from McGill University, Canada and a Master of Business Administration degree from Zhejiang University.