Roan Holdings Group Co., Ltd. announced that On October 4, 2022, Mr. Wenhao Wang resigned as Chief Financial Officer of the Company due to personal reasons, effective October 4, 2022. Mr. Wang will continue to serve as a member of senior management team of Zhejiang Lixin Enterprise Management Group Co., Ltd., a wholly owned subsidiary of the Company. As discussed above, Mr. Wang will also serve as an Executive Director of the Company.

The Company's Nominating and Corporate Governance Committee nominated Ms. Xiaolan Lin to serve as Chief Financial Officer of the Company and the Company's Board approved such nomination on October 4, 2022. Prior to joining the Company, Ms. Lin served as Finance Director at Hangzhou MTT Technology Co., Ltd. from September 2019 to September 2022. Ms. Lin also served as Finance Director at Danfoss from March 2007 to August 2019.

Ms. Lin holds an MBA degree from Lanzhou University of Technology. In accordance with the terms of Ms. Lin's employment agreement with the Company entered into on October 4, 2022, Ms. Lin will receive an annual base salary of RMB 264,000. The employment agreement has an initial term of one year and automatically renews for successive one-year periods, subject to the termination provisions in the employment agreement.

The Company can terminate Ms. Lin's employment at any time upon thirty days' prior notice. Ms. Lin may terminate her employment with the Company at any time upon thirty days' prior notice.