Infobird Co. Ltd. announced that on October 11, 2022, Harry D. Schulman notified the Company that he resigned from his positions as a member of the Board of Directors and as a member and the chair of the Audit Committee of the Board, all effective as of October 14, 2022. On October 14, 2022, Dongliang Jiang and Hanbin Xiao were removed from their positions as members of the Board, effectively immediately.

On October 14, 2022, Qian Qu, Yi Ting Song and Cheuk Yee Li were appointed as members of the Board to fill such vacancies, and Qian Qu was appointed as a member and the chair of the Audit Committee of the Board, effectively immediately. The Board determined that Qian Qu satisfies the independence requirements of the applicable rules and standards of The Nasdaq Stock Market LLC and the Securities and Exchange Commission, and designated her as an “audit committee financial expert” as defined by the Securities and Exchange Commission. Qian Qu, age 36, has served as financial director of Beijing Yunyingbao Technology Ltd, an internet e-commerce company, since March 2020.

From April 2016 to March 2020, Ms. Qu served as financial director of Jiangsu Seif Green Food Development Ltd, a trading company. From May 2015 to April 2016, Ms. Qu served as senior audit manager of KCCW Accountancy Corp, a public accounting and consulting firm. Ms. Qu received a Bachelor's Degree in Accounting from Tsinghua University.

Yi Ting Song, age 36, has served as vice president of the investment management department of Gujia (Beijing) Technology Co. Ltd., a technology company that focuses on investment banking and asset management, since July 2019. From November 2018 to March 2019, Ms. Song served as financial manager of Beijing Zhenyanlishe Trading Ltd, an internet e-commerce company.

From April 2016 to October 2018, Ms. Song served as financial director of Beijing Weige investment Ltd, a company that provides investment management and consulting services. Ms. Song received a Bachelor's Degree in Accounting from Tianjin University of Finance & Economics. Each of Qian Qu, Yi Ting Song and Cheuk Yee Li has no family relationships with any of the executive officers or directors of the Company.