The board of directors of Aowei Holding Limited announced that Mr. Sun Jianhua has tendered his resignation as an executive Director and the chief financial officer of the Company with effect from 29 March 2023 due to work arrangements and he will remain as a director of certain subsidiaries of the Group and will serve as a consultant of the Company providing supporting services for the Company after resignation. The Board further announced that Mr. Zuo Yuehui has been appointed as an executive Director and the chief financial officer of the Company with effect from 29 March 2023. Biographical details of Mr. Zuo and Mr. Sun are set out as follows: Mr. Zuo Yuehui, aged 44, has over 18 years of experience in accounting and financial management.

Prior to joining the Group, Mr. Zuo served as an accountant in the finance department of Laiyuan County Aoyu Steel Co. Ltd. from November 2004 to May 2012. He joined the Group in 2012 and successively served as the deputy chief of the finance section and the chief of the finance section of Laiyuan County Jingyuancheng Mining Co.

Ltd. from May 2012 to September 2022. He was appointed as the deputy general manager of Laiyuan County Aowei Mining Investments Co. Ltd. in March 2022 and was responsible for the financial accounting of Aowei Mining.

Mr. Zuo obtained a junior college diploma in computer accounting from Hebei Vocational College of Engineering and Technology in July 2002, and he also obtained the qualification of intermediate accountant from the Ministry of Finance of the People's Republic of China in May 2007.