China Smartpay Group Holdings Limited board of directors announced that each of Ms. Li Xiaojie (Ms. Li), Ms. Huang Yuyun (Ms. Huang) and Mr. Wei Ming (Mr. Wei) has been appointed as an executive Director with effect from 27 November 2023. Ms. Li, aged 42, obtained a bachelor's degree in arts in Japanese studies (minoring in business administration) from Beijing Foreign Studies University and a master's degree in arts in international studies and majoring in professional accounting from University of Washington in the United States in July 2003 and July 2006, respectively. She has obtained the Securities & Fund Qualification Certificate in the People's Republic of China (the PRC).

Ms. Li has around 15 years of experience in finance, derivatives, investment, merger and acquisition and asset management. Ms. Li has been a chairman assistant of (Beijing Sagacity Capital Investment Company Limited), an asset management firm in the PRC, since October 2022 and is responsible for managing the firm's listed and private assets in the PRC and/or overseas. She was a director of Ruchuan Capital, asub-fund of Sinovation Ventures which is a venture capital firm based in Beijing, from July 2018 to September 2022.

For the period from February 2012 to June 2018, Ms. Li served as an investment and financing manager of State Grid International Development Co. Ltd. She also served as a senior analyst of Credit Suisse from August 2010 to January 2012 and an analyst of Goldman Sachs from February 2007 to July 2010. Ms. Huang, aged 37, obtained a bachelor's degree in finance from University of International Business and Economics in the PRC and a master's degree in finance from Tulane University in the United States in July 2007 and May 2008, respectively.

Ms. Huang has more than 10 years of experience in investment banking. Ms. Huang has been a vice president of Tradeweb Market LLC, since April 2020 and she is responsible for collaborating with major financial institutions in both PRC and Hong Kong, promoting exchange initiatives and providing integrated trading solution for government bond and corporate bond, etc. Previously, Ms. Huang served as an associate director of fixed income sales teamof CCB International Securities Limited from December 2014 to May 2019 and an associate vice president of the global financing department of ICBC (Asia) Ltd. from March 2012 to October 2014.

She also served as a sales manager in global marketing and trading team of ICBC (Asia) Ltd. from March 2011 to March 2012 and an associate of ICBC New York Branch from February 2009 to December 2010. Mr. Wei, aged 31, obtained a bachelor's degree in broadcasting & television journalism from Chengdu University in the PRC in June 2014. Mr. Wei has extensive experience in equity investment, finance and asset management.

Mr. Wei has been the chief operating officer and the managing partner of (Beijing Kaixunteng Technology Services Co. Ltd.) since November 2021, a company managing equity investment in areas such as artwork, real estate and new energy in the PRC, Hong Kong and the Macau Special Administrative Region for high-net-worth entrepreneurs and families. From May 2018 to January 2019, Mr. Wei was the partner of Windsor Capital, an asset management company managing a portfolio of AUM exceeding RMB 5 billion in the secondary equity market.

For the period from January 2019 to December 2020, Mr. Wei served as the partner of (Bono Capital) (Bono Capital), a boutique investment firm established in the PRC, and was subsequently appointed as the chief operation officer and the operation vice general manager of (Jiaxing Bono Equity Investment Partnership Enterprise (Limited Partnership)), an equity investment platform of the group of Bono Capital. The Board announced that each of Mr. Li Lianjun (Mr. Li), Mr. Yi Tao (Mr. Yi) and Mr. Yang Wensheng (Mr. Yang) has been appointed as a non-executive Director with effect from 27 November 2023. Mr. Li, aged 52, obtained a bachelor's degree in science in applied computing from Beihang University () in June 1993.

Mr. Li has extensive experience in real estate development. Mr. Li has been the general manager of (Perennial Mei Rong Jai 4 (Beijing) Real Estate Co. Ltd.), (Perennial Mei Rong Jai 5 (Beijing) Real Estate Co.

Ltd.) and (Perennial Mei Rong Jai 6 (Beijing) Real Estate Co. Ltd.) since April 2022, where he is responsible for overseeing the production, operation and management of the company. Mr. Li also served as the chairman of the board of directors of (Beijing Huaxia Jincheng Real Estate Co., Ltd) from November 2019 to April 2022 and the general manager of (Beijing Jincheng Haoye Real Estate Development Co., Ltd).

He was the chairman of the board of directors of (Songzhuang Information Infrastructure Investment and Development Co. Ltd.) from June 2005 to March 2016.