The board of directors of China Xinhua Education Group Limited announced that Mr. Chau Kwok Keung (Mr. Chau) has resigned as an independent non-executive Director and the chairman of the audit committee of the company with effect from 17 November 2022 due to his other personal engagement. The Board announced that Mr. Yao Heping (Mr. Yao), has been appointed as an independent non-executive Director and the chairman of the audit committee of the company with effect from 17 November 2022. Mr. Yao Heping, aged 60, has more than 30 years' experience in finance and corporate management fields.

He has been the chairman of the board and general manager of Anhui ANLI Material Technology Co. Ltd. since 2015. He joined this company in 1995, and successively held various positions, including deputy general manager, general manager and chairman of the board, from 1995 to 2005.

Mr. Yao obtained a bachelor degree in Agricultural Mechanization from Anhui Agricultural University. He graduated from Party School of Anhui Provincial Committee of C.P.C. with a major in law and obtained a postgraduate degree. He is a senior economist and a State Council Special Allowance Expert.

Mr. Yao is a certified public accountant and a senior member of The Chinese Institute of Certified Public Accountants.