Effective July 14, 2022, Wen-Piao (Jack) Lai resigned from the Chief Executive Officer position of Genufood Energy Enzymes Corp. Wen-Piao (Jack) Lai remains as a director of the Board of Directors (the “Board”) of the Company. Wen-Piao (Jack) Lai did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.

On July 14, 2022, the Board of the Company appointed David Tang, age 44, as the new Chief Executive Officer of the Company to fill the vacancy created by the resignation of Wen-Piao (Jack) Lai, effective July 15, 2022. Prior to joining the Company, Mr. Tang was a Relationship Manager of Venture Lending Emerging Technologies division at East West Bank in California from 2019 to 2022. Prior to that, Mr. Tang was an advisor to many startups in Hong Kong, including Maxvoice and Maxisense from 2016 to 2019.

Mr. Tang was the founder and the Chief Executive Officer of Fontainebleau Partners, a technology startup in Hong Kong from 2012 to 2016. In 2011, Mr. Tang was an Equity Research Analyst at BNP Paribas Securities in Hong Kong and Taipei. In 2009, Mr. Tang was an MBA Consultant for Swire Coca-Cola HK Limited.

From 2005 to 2008, Mr. Tang was a Relationship Manager at Manufacturing Bank in California, a Sumitomo Mitsui Banking Corporation subsidiary. From 2004 to 2005, Mr. Tang was a Client Financial Analyst at Citibank in California. Mr. Tang has a bachelor degree in History from University of California, Irvine and a Master of Business Administration degree in Finance from Hong Kong University of Science & Technology.

Mr. Tang is currently a mentor at KidsX Accelerator, a network of pediatric experts and innovators founded and administered by Children's Hospital Los Angeles.