Cryofocus Medtech (Shanghai) Co., Ltd. announced resignation of Ms. LI Cuiqin as Supervisor and the chairperson of the Board of Supervisors. Due to work adjustment reasons, Ms. LI Cuiqin has resigned as an employees' representative Supervisor of the current session of the Board of Supervisors and the chairperson of the Board of Supervisors, with effect from May 31, 2023. Ms. LI Jiawei was elected as an employees' representative Supervisor of the current session of the Board of Supervisors at the employee representatives assembly of the Company held on May 31, 2023 and as the chairperson of the Board of Supervisors at the meeting of the Board of Supervisors held on May 31, 2023, for a term commencing from May 31, 2023 and ending on the expiration of the term of office of the current session of the Board of Supervisors.

Ms. LI Jiawei, aged 33, has joined the Group as the deputy manager of the finance department of the Company since June 2021. She is primarily responsible for financial matters of the Company. Ms. LI Jiawei has more than ten years of experience in finance.

Prior to joining the Group, from July 2012 to February 2013, she worked as a cashier at the finance department at Shanghai Sanitary Materials Factory Co., Ltd., where she was primarily responsible for the company's fund management. From March 2013 to June 2020, she worked as a manager of the finance department at Shanghai Medical Instruments (Group) Co., Ltd., where she was primarily responsible for devising the company's budgets, preparing consolidated financial statements, and performing financial analyses and daily accounting functions. From July 2020 to June 2021, she was a deputy manager of the finance department at Shanghai Medical Instrument (Group) Co., Ltd. Surgical Instrument Factory, where she was primarily responsible for devising the company's budgets, preparing consolidated financial statements, and performing financial analyses and daily accounting functions.

Ms. LI Jiawei obtained her bachelor's degree in management from Shanghai University of Finance and Economics in Shanghai in January 2016. She obtained an intermediate accounting professional qualification from the Ministry of Finance of the People's Republic of China and the Ministry of Human Resources and Social Security of the People's Republic of China in September 2018.