The board of directors of Newlink Technology Inc. announced that the tenure of office of Mr. YE Jinfu ("Mr. YE") as an independent non-executive Director expires on 4 December 2023 (the "Expiration") and Mr. YE has ceased to be the independent non-executive Director and the chairman of the audit committee of the Board (the "Audit Committee") with effect from the Expiration, due to his desire to devote more time to pursue other personal commitments. Mr. YE will not hold any other position with the Group after his cessation of directorship. The Board announced that Mr. YOU Linfeng ("Mr. YOU") has been appointed as an independent non-executive Director and the chairman of the Audit Committee with effect from 4 December 2023.

Mr. YOU, aged 45, has more than 22 years of experience in the field of accounting and audit. From July 2001 to May 2005, he has served as an auditor assistant at Huazheng Certified Public Accountants and Beijing Pan-China Certified Public Accountants. From June 2005 to December 2012, he worked for Deloitte Touche Tohmatsu CPA and lastly as a senior manager.

From December 2012 to June 2020, he has served as a vice general manager of the Inspection & Audit Department at Zhongrong International Trust Co. Ltd. Since December 2020, he has been serving as a salaried partner at BDO China Shu Lun Pan Certified Public Accountants LLP. Mr. YOU graduated from Beijing University of Chemical Technology in 2001 with a bachelor's degree in accounting, obtained the qualification of certified internal auditor conferred by The institute of Internal Auditors and is a certified public accountant in the People's Republic of China.