On July 13, 2021, Mr. Xiaogang Qin, the Chief Executive Officer (“CEO”) of Wunong Net Technology Co. Ltd. resigned from his position as CEO, effective immediately. On July 13, 2021, the board of directors (the “Board”) of the Company appointed Mr. Xinliang Zhang, as the new CEO and a director of the Company, effective immediately. Prior to joining the Company, Mr. Xinliang Zhang served as CEO of Zhongcheng Guoxing (Shenzhen) Technology Co. Ltd. from 2017, fully responsible for the strategic planning, implementation, investment and M&A and investor relationship management. Mr. Xinliang Zhang has more than 20 years of experience in equity investment and corporate investment and financing planning and practical operation in the financial insurance and asset management industry, and has rich experience in equity investment and corporate investment and financing strategies and practical operation; Before joining the company, he served as investment director and senior investment analyst in Taikang Life Insurance, Sino Life Insurance, Sunshine Life Insurance and other companies.