On January 10, 2019, the Board of Renmin Tianli Group, Inc. unanimously elected Mr. Yongquan Bi and Mr. Tiewei Song as members of the Board and appointed Mr. Xiaodong Zhang as Co-CEO of the Company. Mr. Xiaodong Zhang has been serving as Vice President at Dalian Boqi Business Information Consulting Co. Ltd. since 2017.

Previously, Mr. Zhang held variously positions in the life insurance industry from 1990 to 2017, including serving as Director at Shaanxi Branch of Huaxia Life Insurance from 2013 to 2017. Mr. Yongquan Bi has been founder, Chairman and CEO of Boqi Group Co. Ltd. since its inception in 2009.

Mr. Bi currently also serves as Chairman of the Board at NF Energy Saving Corporation. Mr.Tiewei Song has been President and Director of Shenyang Langzi Investment Management Co. Ltd. since 2013.

Previously, Mr. Song served as Chief Representative of China for Varengold Bank AG from 2008 to 2013 and Executive Director and President of Liaoning Jiachang Enterprises Group from 1999 to 2008.