Zheng Li Holdings Limited announced that Mr. LEUNG Yiu Cho ("Mr. Leung") has resigned as an independent non-executive Director with effect from 30 June 2022 due to his other career commitments which require more of his attention. Following his resignation, Mr. Leung ceased to be the chairman of each of the audit committee of the Company (Audit Committee) and the remuneration committee of the Company (the "Remuneration Committee"). The Board further announced that Mr. GAO Yan ("Mr. Gao") has been appointed as an independent non-executive Director and the chairman of each of the Audit Committee
and the Remuneration Committee with effect from 30 June 2022. Mr. GAO Yan, aged 56, has more than 34 years of extensive experiences covering education, marketing analysis, finance and investment management. From September 1988 to September 1990, he was a teacher in the faculty of mathematics in Beijing Wuzi University. During the period from July 1995 to March 1996, Mr. Gao was an intern analyst in high yield bond research department of Merrill Lynch & Co. Inc. From March 1996 to September 1997, he was Asian market analyst of Cathay Financial LLC. During the period from September 2001 to September 2003, Mr. Gao was visiting assistant professor of The City University of New York, Baruch College. He was assistant professor of California State University, Los Angeles and China Europe International Business School, Shanghai from September 2003 to September 2004 and from September 2004 to September 2010 respectively. Mr. Gao then was a partner of Guizhou Tongsheng Shifu Equity Investment Management Co. Ltd. from December 2012 to June 2017. During the period from December 2013 to January 2019, he was the general manager, director and one of the founders of Beijing Zhigan Sensor Research Institute Co. Ltd. From July 2016 to June 2018, Mr. Gao was the managing director of Beevest Securities Limited. The Board announced that Ms. WU Lili (Ms. Wu) with effect
from 30 June 2022, has been appointed as an executive Director. Ms. Wu, aged 40, obtained a bachelor's degree of Business Administration from Renmin University of China in 2013, has more than 10 years of experiences on technology industries and management of e-commerce corporations. From January 2015 to August 2016, she was the chief operating officer of Lehui Life (Beijing) Technology Services Company Limited. She was one of the joint founders of Beijing Zhicai Technology Company Limited (Beijing Zhicai), and from September 2016 to June 2019, she was the chief operating officer of Beijing Zhicai. She is one of the joint founders of Hanzhou Xiaotianluo Food Technology Company Limited (Hanzhou Xiaotianluo), and since June 2019, she has been the chief operating officer of Hanzhou Xiaotianluo. The Board also announces that Mr. ZHAO Yanjiao ("Mr. Zhao"), with effect from 30 June 2022, has been appointed as a non-executive Director. Mr. Zhao, aged 38, has more than 4 years of experiences on food industries with respect to technology. From October 2017 to January 2019, he was the chief product development officer of Beijing Zhicai. Mr. Zhao is one of the joint founders and has been chief development officer of Hanzhou Xiaotianluo since February 2019. Mr. Zhao is currently pursuing a degree programme in Business Administration at the Open University of China. The Board also announced that Mr. WONG Cheung Ki Johnny ("Mr. Wong") has resigned as the company secretary of the Company (the "Company Secretary") ceased to act as (i) an authorised representative of the Company and the agent of company. The Board also announced that Mr. LO Kam Tai ("Mr. Lo") has been appointed as the Company Secretary and the Authorised Representative and the Process Agent with effect from 30 June 2022. Mr. Lo, aged 34, holds a bachelor degree of business administration and is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Lo has extensive experience in auditing, accounting and corporate compliance. Mr. Lo is currently a director of a corporate professional service firm in Hong Kong. Mr. Lo is not a full time employee of the Company, the primary person at the Company whom Mr. Lo shall be contacted in respect of company secretarial matters is Ms. Wu, the executive Director.