Effective January 25, 2022, Wang Fei resigned from his positions as Chief Financial Officer and Secretary of Yong Bai Chao New Retail Corporation, a Nevada corporation (the “Company”). Mr. Wang has retained his position as the Chief Executive Officer and Chairman of the Board of the Company. His resignation was not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Effective January 25, 2022, the following individuals were appointed to serve in the offices set out next to their names and to fill the vacancies caused by Mr. Wang's resignation until their successor(s) shall be duly elected or appointed, unless he or she resigns, is removed from office or is otherwise disqualified from serving as a director or officer of the Company. TANG Yanying: Chief Financial Officer, ZHU Luzhen: Secretary, LU Zhengpeng: Marketing Director, Director, YANG Li: Administrative Director, Director, MA Daquan: Director.