The Board of Luyuan Group Holding (Cayman) Limited announced that with effect from the conclusion of the AGM, Ms. Ni Boyuan, aged 32, has been elected as an executive Director. Ms. Ni has entered into a service contract with the Company for an initial term of three years commencing from the effective date of her election (that is, June 26, 2024) until terminated in accordance with the terms and conditions of the Service Contract and shall be subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Listing Rules.