Yang Chen has been appointed as the company's independent non-executive director, chairman of the audit committee, and member of the strategy and development committee. This is effective from the day when the stock trading resumes (i.e. June 14, 2024), according to the announcement released by CU Venture Inv (08159).

After Ms. Yu Yang was appointed as the company's independent non-executive director on the day when the stock trading resumed (i.e. June 14, 2024), she was also appointed as the chairman of the audit committee, effective from the same day. Ms. Yu Yang and Mr. Zhen Jiasheng (who has been the chairman of the audit committee since March 3, 2023) will jointly lead the audit committee as co-chairpersons.

Ms. Yu Yang was also appointed as a member of the strategy and development committee, effective from the day when the stock trading resumes (i.e. June 14, 2024).

In addition, Mr. Zhang Dean is no longer a member of the strategy and development committee since June 14, 2024, while Ms. Lu Caixia is no longer a member of both the executive committee and the strategy and development committee in order to focus more on their respective duties in the company's board of directors, where they will continue to serve as members.