Wei Yuan Holdings Limited announced that Mr. Huang Lei is appointed as an executive Director with effect from 25 July 2023. The biographical detail of Mr. Huang is set out as follows: Mr. Huang, aged 53, graduated from PLA Nanjing Institute of Politics in July 2002 with a diploma. He has over 11 years of working experience in management, particularly in wealth investment management.

From January 2005 to December 2012, he worked at the sales department of China Continent Property & Casualty Insurance Co. Ltd. From 2013 to 2017, he was a general manager of Shanghai Yuanjie Industrial Co. Ltd. Mr. Huang has also worked at various investment companies, including joining Shanghai Yuanshuo Investment Management Co.

Ltd. in 2017 where he served as the general manager until 2020 and is currently serving as the supervisor, joining Shanghai Yunwang Equity Investment Fund Management Co. Ltd.in 2017 where he is currently serving as the legal representative, executive director and general manager, and joining Huixin Shengan Commercial Factoring (Shanghai) Co. Ltd. in 2020 where he is currently serving as the legal representative, executive director and general manager.

Mr. Huang also has over 5 years of managerial experience in the fields of construction trading, real estate construction and property development occupying senior managerial roles. In particular, since 2018, Mr. Huang has been a general manager of a company principally engaged in trading of building materials and real estate construction. Mr. Huang was a director, supervisor or manager of the following companies which were incorporated in the People's Republic of China, prior to their respective dissolution.