Ban Loong Holdings Limited announced that with effect from 11 February 2022, Mr. Wang Minghui has resigned as an executive Director, the chairman of the Board and the chairman of the nomination committee of the Company; Mr. Fong For has resigned as an non-executive Director; Mr. Dong Ming, who is an executive Director, has been appointed as the chairman of the Board and the chairman of the nomination committee of the Company; Mr. Liu Zhouyang has been appointed as an executive Director; and Mr. Qian Yinghui has been appointed as an non-executive Director. Mr. Liu, aged 35, is and has been the deputy chief executive officer of the Company since 12 November 2021 and the general manager of Hainan Yunfan Private Equity Fund Management Co. Ltd. Mr. Qian, aged 38, is and has been the director of office of the chairman of Yunnan Baiyao Group since April 2021, and the board secretary of Yunnan Baiyao Group since January 2022.