The Board of directors of Ziyuanyuan Holdings Group Limited together with its subsidiaries announced that Mr. Wong Kwok San (Mr. Wong) has stepped down from his positions as an executive Director of the Company with effect from 19 June 2024 as he needs to devote more time to his other business engagements. Mr. Wong will however continue to serve the Group in his capacity as authorized representative, joint chief financial officer, joint company secretary and a director of certain of subsidiaries in Hong Kong. The Board announced the appointment of Mr. Tian Zhiwei ("Mr. Tian") as an executive Director of the Company with effect from 19 June 2024.

Mr. Tian, aged 33, has approximately 10 years of experience in the fields of investment, capital market financing and merger and acquisition. Prior to joining the Group, Mr. Tian was the founder and the chairman of Xiaoju Lexing (Beijing) Technology Co. Ltd. since June 2019.

From August 2016 to November 2018, Mr. Tian worked for Beijing Zhongzhi Fund Sales Co. Ltd. as Senior Investment Advisor. Mr. Tian has obtained a bachelor of Economics degree from Wuhan Technology and Business University in June 2014.

The Board hereby announces that with effect from 19 June 2024: Following the stepping down of Mr. Wong as an executive Director of the Company, Mr. Wong ceased to be the member of the remuneration committee of the Company; and Mr. Tian has been appointed as the member of the remuneration committee of the Company.