Yue Kan Holdings Limited announce that Mr. Luo Hao ("Mr. Luo") has been appointed as an executive director of the Company with effect from 20 July 2022. Mr. Luo, aged 38, obtained a master's degree in Electronic and Communication Engineering from Harbin University of Science and Technology in March 2014. Mr. Luo has accumulated extensive experience in internet software development.

From October 2013 to January 2014, he worked as an intern trainee for Hithink Flush Information Network Co. Ltd. He then worked for Weimeng Chuangke Network Technology (China) Co. Ltd. from January 2014 to August 2015 as an android software engineer.

Later on, he worked for Beijing Mexue Technology Company Limited from December 2015 to December 2017, as an android manager. Subsequently, he worked for Beijing Black Bear Network Technology Co. Ltd. from January 2018 to July 2018 as a technical director.

Mr. Luo then worked at Beijing Miaoyijia Information Technology Co. Ltd. from August 2018 to August 2019 with his last position as technical director. In September 2019, he joined Beijing Digital Weilai Technology Company Limited as chief technology officer and held this position until April 2022.

He has extensive management and software development experience from his participation in the design of various online sales platforms as well as derive different e-commerce solutions for customers. While the Group shall continue to focus on its construction business, it is expected that Mr. Luo will assist in the development of e-commerce sector with a view to diversify the Group's business scope, broaden the income base and enhance the value for the Group and its shareholders as a whole over time.