Wenye Group Holdings Limited board of directors announced that, Mr. Shen Peng (Mr. Shen) has been appointed as the non-executive director of the Company, with effect from 18 January 2023. Mr. Shen will be mainly responsible for overseeing the capital utilisation and expansion of overseas market of the Company. Mr. Shen, aged 37, has over 10 years of experience in business management and is experienced in corporate strategic investment planning, corporate mergers and acquisitions, asset management, internal control, From 2008 to 2012, he worked at Beijing Hezhi Chuangzhan Investment Company Limited as department manager.

From 2012 to 2014, he worked at Sichuan Guoxin Limited as department manager. From 2015 to 2017, he worked at Zhongjin Tianyin Asset Management Limited as person-in-charge of the western district. From 2017 to 2021, he worked at Sichuan Ruifeng Investment Management Group Limited as general manager, and was responsible for investment and asset management matters.

Since 2021, he has been serving as the chairman of Sichuan Dingsheng Ronghui Enterprise Limited which engages in investment and supply chain related services in the People 's Republic of China (the PRC). Mr. Shen obtained a bachelor 's degree in economics from the Central University of Finance and Economics of the PRC in 2009 and a master's degree in international business management from the Paris School of Business of France in March 2020. He obtained a Certificate of Human Resource Manager from the Department of Human Resources and Social Security of Sichuan Province of the PRC in August 2014.

He also obtained a Fund Management Qualification Certificate and a Fund Practitioner Qualification Certificate from the Asset Management Association of China in April 2021.