The board of directors of Hao Bai International (Cayman) Limited announced that: Mr. Wang Lun (Mr. Wang) was appointed as an executive Director of the Company with effect from 14 October 2022; and Ms. Chen Xiaodan (Ms. Chen) was appointed as a non-executive Director of the Company with effect from 14 October 2022. Mr. Wang Lun was appointed as an executive Director and General Manager of the Company with effect from 14 October 2022. Mr. Wang, aged 42, is currently the chairman of Xiamen Jinbang Investment Holding Group Co.

Ltd. Mr. Wang has over 20 years of work experience in the corporate financial management, corporate risk control, asset management and operations areas. Mr. Wang has worked for private equity funds, securities, trust and asset management companies and is familiar with the financial policies, laws and regulations. Ms. Chen Xiaodan was appointed as a non-executive Director of the Company with effect from 14 October 2022.

Ms. Chen, aged 36, completed an undergraduate program in administrative management from Central South University in 2016. She participated in merger and acquisition funds in an assets management company for more than 7 years. Before joining the Group, Ms. Chen worked in several corporations.

During her career of over ten years, Ms. Chen held various leadership positions in management and market research aspects, and has rich knowledge and in-depth understanding in Asian and international brands. Ms. Chen was appointed as a non-executive Director of China Green (Holdings) Limited (a company listed on the Main Board of the Stock Exchange, since 1 June 2021. Ms. Chen was also appointed as the general manager of Shenzhen Shensen Supply Chain Management Co.

Ltd. since June 2021.