Jiyi Holdings Limited announced that Ms. Deng Yiyi has resigned as the Chief Executive Officer of the Company with effect from 29 December 2023 to devote more time to her other business engagements. The Board would like to take this opportunity to express its appreciation to Ms. Deng for her valuable contributions to the Company during her tenure of office as the CEO. The Board announced that Mr. Yu Yunkun has been appointed as the CEO of the Company with effect from 29 December 2023.

Mr. Yu, aged 37, is responsible for the Company's strategic management, investor relations, business development, corporate finance and legal and regulatory compliance of the Group. Mr. Yu holds a bachelor's degree in financial management from Guangdong Ocean University. Mr. Yu joined the Group in May 2011 and worked as a finance manager in the accounting and finance department of Guangdong Jiyi Household Building Materials Chain Co.

Ltd. until December 2013. From January 2014 to July 2017, he was re-designated as the director of internal audit department of the Group, and was mainly responsible for conducting independent assessments of the Group's operations, risk management, establishing organizational and departmental internal controls, identifying areas for improvement, and supporting the achievement of the Group's strategic and business objectives. From August 2017 to December 2023, he served as the finance director of the Group and was mainly responsible for overseeing the Group's financial accounting and reporting, financial operations,strategic financial planning, taxation and ensuring the Group's compliance with relevant corporate regulations.