This board of the directors of Jiyi Holdings Limited announced that Ms. Chen Tao (Ms. Chen) has been appointed as an independent non-executive director and a member of the audit committee of the Company (the Audit Committee) with effect from 24 June 2024 (the Appointment Date). Ms. Chen, aged 37, obtained a double bachelor's degree in Economics and Trade and English from Zhongnan University of Forestry Science and Technology. She further studied Industrial Economics at the School of Economics and Trade of Hunan Universityand held the title of Economist.

In addition, she has completed advanced training courses at Suzhou Research Institute of National University of Singapore and Tsinghua University School of Continuing Education, etc. Ms. Chen has been in the construction machinery industry since 2008 and has accumulated rich experience in management and international trade. She worked as Key Account Manager in BYD Company Limited, responsible for the government official car procurement project in South China; and Key Account Director in Sanyi Heavy Industrial Company Limited, responsible for international key account sales and key project follow-up.

Since 2014, Ms. Chen has founded and served as the Deputy General Manager of Changsha Tianduan Heavy Industry Co. Ltd. and is fully responsible for the company's business management, financial supervision, international trade and marketing. She has led the company to make remarkable achievements in the field of aerial work platforms, with products selling well both at home and abroad, and obtaining a number of domestic and international certifications and honorary titles.

Ms. Chen is also actively involved in social affairs, serving as a special supervisor of Changsha Municipal and Changsha County Supervisory Commissions, and a special supervisor of Changsha Economic Development Zone for optimizing the business environment. Ms. Chen's professional background and extensive experience in the industry will provide important support to the development of the Company.