The board of directors of Ye Xing Group Holdings Limited announced that Ms. Zhang Chunying ("Ms. Zhang") has been appointed as an executive Director with effect from 7 July 2021. Ms. Zhang Chunying has been appointed as the chief financial officer of the Company prior to her appointment as the executive Director. Ms. Zhang has joined the Company since 31 July 2018 and is responsible for financial management work of the Company. She has over 10 years of experience in accounting and financial management. Prior to joining the Company, Ms. Zhang worked in Beijing Vanke Property Service Company Limited from October 2007 to July 2018. Her last position was the head of financial management department of Tianjin Vanke, responsible for comprehensive financial tasks, including budgeting, auditing, capital and taxation and others. The Board further announced that Mr. Li Yifan ("Mr. Li") has been appointed as a non-executive Director with effect from 7 July 2021. Mr. Li Yifan has joined Hongkun Group Company Limited since May 2018. He is the company secretary of Hongkun Group Company Limited and the person in charge of its strategic operation centre. Prior to joining Hongkun Group Company Limited, Mr. Li served as a manager of the directors' office at State Development & Investment Corporation from May 2014 to March 2017. The term of appointment of Mr. Li as a non-executive Director is three years commencing from 7 July 2021, subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles.