The Board of Minshang Creative Technology Holdings Limited announced that, Mr. Wu Jiangtao (Mr. Wu), has resigned as the chief executive officer of the company due to work rearrangement, but remains as the Chairman and Executive Director of the Company, with effect from 30 November 2022. Following the resignation of Mr. Wu as the CEO of the Company, the Board further announced that with effect from 30 November 2022, Mr. Tao Jingyuan ("Mr. Tao") who is an Executive Director of the Company has been appointed as the CEO of the Company. Mr. Tao, aged 37, is an Executive Director of the Company since 6 March 2020. Mr. Tao received his bachelor's degree in Engineering Mechanics at Tsinghua University in July 2007 and his master's degree in Finance at the University of Hong Kong in June 2012. Prior to joining the Company, Mr. Tao had worked as senior manager of
corporate business department of Harvest Fund Management Co. Ltd. from July 2007 to July 2010; vice president of Asia Pacific region business department of Harvest Global Investments from August 2010 to May 2012; General Manager of private banking department of China Minsheng Banking Corp., Ltd, Wuhan Branch, from May 2012 to July 2015. After that, Mr. Tao joined Minsheng E-Commerce in September 2015 and has
been serving as vice president of Minsheng E-Commerce & General Manager of Finance Division and is appointed as the chief executive officer of Minsheng E-Commerce since July 2022. Mr. Tao, as an executive Director of the Company, is currently responsible for the overall strategic development of the Group. Upon the appointment of the CEO, Mr. Tao will be responsible for accelerating the implementation of business strategies and
management of the day-to-day operations of the Group's business. In addition, the change of the CEO will enable the Company to comply with the code provision C.2.1 of separating the roles of the chairman of the Board and the CEO of the Company under the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.