The board of directors of CARsgen Therapeutics Holdings Limited announced that Ms. Xiangke ZHAO ("Ms. Zhao") has been appointed as an independent non-executive Director and the chairperson of the audit committee (the "Audit Committee") of the Company with effect from July 4, 2023. Ms. Zhao, aged 37, is currently the chief financial officer of Town Health International Medical Group Limited. Ms. Zhao served as an executive director of Town Health International Medical Group Limited from 26 March 2021 to 20 June 2023, and an associate director of the Investment Management Department of China Life Private Equity Investment Company Limited from July 2018 till March 2021.

Ms. Zhao had worked in the assurance department and financial advisory department of two international accounting firms and has extensive experience in the provision of financial, auditing and advisory professional services. Ms. Zhao graduated from Renmin University of China with a bachelor's degree in economics in June 2008. She is also a member of CPA Australia.