The board of directors of Tongdao Liepin Group announced that Ding Gordon Yi has tendered his resignation as a non-executive Director on 17 June 2022, with effect on the same day. Accordingly, Ding has ceased to be a member of the remuneration committee of the Company. Ding has resigned due to his other work commitment which requires more of his dedication and has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Following the resignation of Ding, Ye Yaming, an existing independent non-executive Director, has been appointed as a member of the Remuneration Committee with effect from 17 June 2022 to fill the vacancy left by Ding.