The board of directors of China Kepei Education Group Limited announced that, with effect from 2 July 2024, Mr. Ye Nianqiao ceased to be the chief executive officer of the Company, while remaining as the chairman of the Board, an executive Director, chairman of the nomination committee and an authorised representative of the Company. The Board also announced that, with effect from 2 July 2024, Ms. Li Yan has been appointed as the CEO with responsibility for the overall operational management of the Company. Ms. Li Yan, aged 43, served as an executive Director and chief financial officer of the Company from August 2017 to December 2018, leading the listing process of the Company.

Her scope of work covered core tasks such as structure construction, compliance planning, asset divestiture and restructuring, financial planning, internal control processes optimization and roadshow promotion. From January 2019 to August 2022, she continued to serve concurrently as the joint company secretary of the Company. During this period of time, her focus of work has shifted to the preliminary research, framework construction, risk assessment, project implementation and review and revision of legal documents for major projects such as investment and financing, mergers and acquisitions, and equity transactions.

From September 2022 to June 2024, Ms. Li has further assumed the position of executive vice president concurrently, with the primary responsibility being to assist the chief executive officer of the Company, and has overall responsibility for the daily business and operational management of the Company. Ms. Li has made outstanding contributions to the listing and development of the Company. Ms. Li has nearly 20 years of experience in the education industry.

From September 2004 to October 2016, Ms. Li held various positions at Guangdong Polytechnic College (formerly known as Zhaoqing Technology Vocational Technical College), including an accounting teacher, the deputy head of the Department of Accounting, the head of the Department of Accounting, and the secretary to the Party General Branch of the Department of Accounting, and was mainly responsible for teaching activities, student management, student admission and graduate employment. She has served as a director of Guangdong Polytechnic College since November 2015, and a member of the College Party Committee of Guangdong Polytechnic College since March 2017. Ms. Li has been appointed as a director and the financial manager of Zhaoqing Kepei Education Investment Development Company Limited since September 2016, and has been responsible for financial management.

Ms. Li obtained her master's degree in Accounting from Sun Yat-Sen University in June 2011, obtained the qualification of associate professor of accounting issued by Human Resources and Social Security Department of Guangdong Province in December 2014 and was granted as a senior accounting research scholar by Guangdong Polytechnic College at January 2021.