The board of directors of Infinities Technology International (Cayman) Holding Limited announced that with effect from 24 April 2024, Mr. Wang Le has resigned as the chairman of the Board and the chairman of the nomination committee of the Company in order to devote more time to other work arrangements. Mr. Wang will continue to serve as an executive Director after his resignation as the Chairman. The Board appointed Mr. Li Qiang as an executive Director, the Chairman, the Chief Executive Officer and the chairman of the Nomination Committee, with effect from 24 April 2024.

Mr. Li Qiang, aged 37, served as the acting Chief Executive Officer from 15 August 2022 to 24 April 2024. Mr. Li has over 10 years of experience in corporate management and gaming business operations. From February 2014 to July 2022, he held a number of senior management positions in Beijing Infinities Interactive Media Company Limited.

From February 2014 to June 2016, he was a commercial manager of Beijing Infinities and its subsidiaries and was a manager of president's office of Beijing Infinities from November 2019 to July 2022. Mr. Li obtained his bachelor's degree in information and computer science from Dalian Polytechnic University in July 2010. The Board further announced that Mr. Chen Ying has resigned from his position as an executive Director with effect from 24 April 2024, due to his other work arrangement.

With effect from 24 April 2024, (i) Mr. Zhong Yiding has been appointed as a senior executive vice president of the Company and a chief strategy officer of the Company. Mr. Zhong Yiding, aged 31, has over 8 years of investment experience in the primary and secondary markets. Since January 2022, he has been a vice president and general manager of the strategic investment department of Beijing Infinities.

From November 2018 to October 2021, he was a senior manager of entrusted investment supervision at CCB Pension Management Co. Ltd. From October 2017 to October 2018, he was an investment manager of ATM Capital. Mr. Zhong obtained his bachelor's degree in management from University of Hertfordshire in the United Kingdom in June 2016 and a master's degree in international economy and trade from The University of Warick in the UK in August 2017.

He is currently studying for a dual-degree master's degree in finance from Tsinghua University PBC School of Finance and Cornell University. Ms. Wang Dongmei has been appointed as a general manager of business division of Beijing Wande Game Technology Company Limited (iii) Mr. Wang Anjiang has been appointed as general manager of business division of AIGC. Ms. Wang Dongmei, aged 41, has over 10 years of experience in the development and distribution of major game projects.

Since August 2020, she has been a general manager of Beijing Wande Game Technology Company Limited From September 2019 to August 2020, she was a distribution and commercial operations director of Beijing ELEX Technology Co. Ltd. From January 2018 to December 2018, she was a director of distribution and business operations at Archosaur Games Inc. From May 2012 to August 2017, she was a commercial operations director of Locojoy. Ms. Wang obtained her bachelor's degree in law from Peking University in June 2006.

Mr. Wang Anjiang, aged 30, has extensive experience in team management, overseas mobile internet market development and artificial intelligence generated content product release. Since September 2021, he has been a head of marketing department of Sichuan subsidiary of Beijing Infinities. From March 2020 to August 2021, he worked as marketing director in Chengdu Invincible Warrior Technology Co.

Ltd. and marketing manager in Sohu from July 2017 to June 2019, respectively. Mr. Wang obtained his bachelor's degree in business administration from Jiangnan University in June 2017 and a master's degree in media management from King's College London in the UK in December 2019.