The board of directors of JS Global Lifestyle Company Limited announced that Dr. Wong Tin Yau Kelvin ("Dr. Wong") has resigned as an independent non-executive director of the Company, the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Strategy Committee with effect from August 29, 2022 due to his other personal commitments. The Board also announced that Mr. Ding Yuan ("Mr. Ding") has been appointed as an Independent Non-executive Director, the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Strategy Committee with effect from August 29, 2022. Mr. Ding Yuan aged 52, graduated with a doctor of philosophy degree in management science from the College of Business Administration, Bordeaux IV University in France in December 2000.

He also obtained a master's degree in Enterprises Administration from the University of Poitiers, France in June 1995. Mr. Ding served as a tenured professor in accounting and management control at the HEC School of Management in Paris, France from September 1999 to September 2006. He joined China Europe International Business School since September 2006, and currently serves as the Cathay Capital Chair Professor in Accounting, vice president and dean.

Mr. Ding has served as an independent non-executive director of Man Wah Holdings Limited a company listed on the Main Board of the Stock Exchange since December 2016. He has been an independent non-executive director of Bluestar Adisseo Company a company listed on the Shanghai Stock Exchange (stock code: 600299), since August 2018 and a non-executive director of Saurer Intelligent Technology Co. Ltd. a company listed on the Shanghai Stock Exchange since May 2018.

Since January 2021, Mr. Ding has also served as an independent non-executive director of Shanghai Large & Kunchi Group Inc. a private consumer goods company. Mr. Ding was an independent non-executive director of Red Star Macalline Group Corporation Ltd. from March 2012 to November 2018 and Landsea Green Properties Co. Ltd. from July 2013 to May 2019, respectively, both of which are listed on the Main Board of the Stock Exchange.

He was an independent non-executive director of Jaccar Holdings, a private investment company, from July 2011 to August 2021. Mr. Ding was an independent director and the chairman of the audit committee of Anhui Gujing Distillery Co. Ltd. a company listed on the Shenzhen Stock Exchange from June 2008 to June 2011 and at TCL Corporation a company listed on the Shenzhen Stock Exchange from June 2008 to June 2014.

From July 2011 to June 2015, he was a director and the chairman of the audit committee of Maglndustries Corp., a company listed on the Toronto Stock Exchange. Mr. Ding has more than twenty years of experience in teaching and researching financial accounting, financial statement analysis, corporate governance and mergers and acquisitions.