On July 29th, Geeronghui announced that (i) Mr. Hu Hongchu resigned as Executive Director and Chairman of the Board of Directors; (ii) Mr. Li Tingfeng was appointed as the Chairman of the Board of Directors to replace Mr. Hu, effective from July 29, 2024; and (iii) Mr. Hu no longer serves as the authorized representative and legal process document agent after his resignation, and Mr. Hong Jixiang, the Executive Director, was appointed as the authorized representative and legal process document agent.