International Business Settlement Holdings Limited announced that Mr. Liu Yu ("Mr. Liu") has been appointed as a non-executive Director with effect from 1 January 2022. Mr. Liu has years of experience in new energy technology, big data analysis and information system, and has long served as the person in charge and senior management of Internet companies industry. He has more than ten years of experience in Internet of Things, big data and industry information field. Mr. Liu presided over the research and development of a number of provincial- level big data intelligence systems, and has deep industry knowledge in the application of artificial intelligence and big data technology in the fields of industrial, finance, securities, investment and financing, etc. From September 2007 to October 2018, Mr. Liu held key positions in a number of companies, responsible for projects such as research and development of wind turbine, smart city technology projects and transportation big data platforms. Since October 2018, he has been the general manager of a Shenzhen company engages in smart city and big data technology related businesses.