IBO Technology Company Limited announced the appointment of Zhong Zhi Xiong as co-chief executive officer with effect from 3 July 2023. The biographical details of Mr. Zhong are set out below: Mr. Zhong, 51, graduated from Wuhan Yejin University of Science and Technology in June 1996 with a bachelor's degree in Industrial and Civil Architecture. Mr. Zhong has more than 10 years of core senior management experience in real estate development enterprises and has extensive experience in overall management of real estate development enterprises.

From June 1996 to April 2018, Mr. Zhong was engaged in technology and management in the construction and real estate development industry, including serving as the vice president of Shenzhen Hanking Group, the construction general manager in the Shenzhen Headquarters of Alibaba Group, and the general manager of the real estate business department of Luoniushan Co. Ltd. Mr. Zhong has been the general manager of Shenzhen CCMIC Electronics Co. Ltd. since April 2018, and has been involved in the fields of pre-filled atomised electronic cigarettes, pre-filled HNB electronic cigarettes, semiconductor/integrated circuits in the electronic cigarette industry, automotive supplies, office supplies, e-commerce and other industries 0-1 or equity investment, A shares and secondary market in Hong Kong and the United States.

After the appointment, Mr. Gao Weilong, the executive Director and the deputy chairman of the Company, and Mr. Zhong will both serve as the Co-Chief Executive Officers.