Beijing Fourth Paradigm Technology Co., Ltd. announced Mr. Yu Zhonghao (Mr. Yu) has been promoted to the position of vice chairman with effect from June 20, 2024 to assist Dr. Dai Wenyuan, the chairman, in making major strategic decisions and plans of the company, managing the company's business operations and promoting the company's sustainable development. Mr. Yu ceased to hold the position of chief financial officer of the company and continues to serve as an executive director of the company.