The Board (the "Board") of directors (the "Directors") of Wan Leader International Limited announced that Mr. Loy Hak Yu Thomas ("Mr. Thomas Loy"), being the Chairman, the CEO and an executive Director, relinquished his role as the CEO and remains as the Chairman and an executive Director with effect from 20 August 2021; and Mr. Liao is appointed as the CEO on 2 August 2021 with effect from 20 August 2021.Mr. Liao has over 20 years of experience in hospitality industry. He obtained a bachelor's degree in mechanical engineering (mechanical and manufacturing) from Guangxi University, the People's Republic of China. Between 1994 and 2010, he joined Guangxi Wharton International Hotel Limited with his last position as general manager. Between 2011 and 2017, he joined Guangxi Yihe Xinyuan Hotel Limited as general manager. Between 2018 and 2019, he served as general manager of Nanning Kang Shan Da Network Technology Company Limited. Since 2020, he serves as general manager of Guangdong Jiyueke Brand Management Company Limited.