The board of directors of Wenye Group Holdings Limited announced that Mr. Deng Guanghui (Mr. Deng) has resigned as a non-executive Director with effect from 13 February 2023, as he wishes to dedicate more time and attention to his other personal and business commitments. The Board announced that Mr. Li Hongxing has been appointed as a non-executive Director, with effect from 13 February 2023. Mr. Li, aged 43, has over 10 years of experience in engineering management.

He served as the executive vice president of Shenzhen Construction and Decoration Industry Group from November 2009 to June 2015, during Co. Ltd. which he was responsible for assisting the chairman to oversee the administrative and project management of the company. He served as the general manager of Shenzhen Yatian Decoration Design Engineering Co.

Ltd. (currently known as Shenzhen Ruiyuan Decoration and Design Engineering Co. Ltd. from July 2015 to April 2016, during which he was responsible for overseeing the overall management of the company. He has been the vice president of Shenzhen Wenye Decoration Design Engineering Co.

Ltd. since April 2016, and he is responsible for overseeing departments for marketing, procurement, cost control, overseas business etc. Mr. Li graduated from the Wuhan University of Technology in the People's Republic of China (the "PRC") with an associate degree in industrial and civil construction in July 2007. He further obtained a bachelor's degree in computer science and technology from the PLA Academy of Artillery in the PRC in June 2010.

Mr. Li obtained a master's degree in construction and civil engineering from Chongqing University in the PRC in December 2016. He was accredited as a first-grade certified constructor by the Ministry of Construction of the PRC in June 2010. He was accredited as a senior engineer by the Ministry of Human Resources and Social Security of Guangdong Province in March 2015.

Mr. Li was awarded the Honorary Certificate for 2014 National Building Decoration Industry Excellent Project Manager 2014 by the China Building Decoration Association in June 2014 and the Special Honorary Certificate for 2014 "Luban Award" Project Manager (Construction Participation) 2014 by the China Construction in June 2015. Industry Association.