Lepota Inc. announced that resignation of Iurii Iurtaev, serving as the President, Chief Executive Officer, Chief Financial Officer, Treasurer and as a Member of the Board of Directors, ceased to be the Company's President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director. Rene Lawrence, serving as the Secretary, ceased to be the Company's Secretary. At the effective date of the transfer, Zhao Lixin has consented to act as the new President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

From January 2016 till now, Mr. Zhao has worked at Liaocheng Yili Network Information Technology Company Limited (“LYN”), as company chairman. He is responsible for making company decisions and strategizing the company direction for LYN. Furthermore, he is involved in the technology innovation part for LYN in order to fulfill the company development and society needs.

Since July 2019, he has worked as a research officer of the Muyan Block Chain (Digital Assets) Business Model Research Institute of China Management Science Research Institute. His main role is to give advices and ideas on the feasibility of corresponding digital assets operation developments. With sufficient experience in planning and management work, Mr. Zhao has been appointed as a Chief Executive Officer, President, Secretary, Treasurer and Chairman of Board of Directors of the Company in February 2020.