The board of directors of Central Wealth Group Holdings Limited announced that Mr. Li Jing has been appointed as an executive director and a member of Executive Committee of the Company with effect from 9 December 2022. Mr. Li Jing, aged 35, a serial entrepreneur and partner of an institution with sales of ten billion-level live streaming performance, is deeply engaged in channel development of brand supply chains and cultivation of live streaming for top celebrities, promoting annual sales of several brands exceeding one hundred million. He has been the founder of Xingyao, a company engaged in short video live streaming with focusing on celebrities and artists, since May 2020.

He has 13 years of experience in corporate operation and investment management, and has extensive experience in media industry. He is an expert in providing a complete package of solutions, including model innovation, asset injection and capital operation, for the consumption-oriented industry to rapidly promote industry upgrading, industry transformation and investment mergers and acquisitions. Mr. Li Jing has not held other directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.