On May 17, 2024, Mr. Xiaoyun Huang tendered his resignation as the Chief Executive Officer of Nisun International Enterprise Development Group Co. Ltd. due to personal reasons. Mr. Huang?s resignation was not the result of any disagreements with the Company, its management or the Board.

Effective May 22, 2024, the Board has appointed Mr. Xin Liu, a member of the Board, to serve as Chief Executive Officer of the Company. Xin Liu has served as a member of the Board since September 2020 and as the Vice President of Luyao Shanghai since April 2016. In his role as a Vice President, he manages various aspects of Luyao Shanghai?s business and operations.

From October 2014 to March 2016, he had served as a head manager of the administration and operations department of Shandong branch of Huizhong Business Consulting (Beijing) Co. Prior to that, Mr. Liu had headed the International Trade department of Qingdao Antaixin Group Co. Ltd. from September 2012 to October 2014.

Mr. Liu earned his bachelor?s degree in International Business in 2012 from Shandong University of Technology.